Ascensus makes yet another acquisition this year, with deal for BPC

Ascensus, a retirement savings technology developer, has made its fourth acquisition of the year with deal for Benefit Planning Consultants (BPC).

Illinois-headquartered BPC is a third-party administrator that offers retirement and consumer-directed healthcare solutions. The company aids with the design, implementation and administration of retirement plan services including 401 (k) as well as benefit plan services such as flexible spending accounts, health reimbursements and health savings accounts.

BPC also offers a mobile app that lets users to access their FSA, HAS, and HRA benefits from healthcare professionals. By taking a picture of?receipts on the app, consumers can submit claims on the go. The platform also supports real-time account balance checking, recent traction tracking, and communication with BPC specialists.

Ascensus builds technology solutions to support consumers in America to save money for their retirement, college and healthcare. Tailored services are available for asset managers, banks, credit unions, state governments, financial professionals, employers and individuals.

Consumers have a range of savings plans available to them, with each meeting necessary regulations.

Ascensus president David Musto said, ?Designing benefit and retirement plans that meet the needs of companies and their employees while treating clients with the utmost care and respect is very much in line with our mission of helping Americans save for the future??BPC talented group of associates will no doubt be an outstanding addition to the Ascensus team.p>

This is the fourth acquisition made by Ascensus this year, having just bought third-party administrator Avintus last month. The company offers retirement plan administration and 3 (16) fiduciary services.

Its other acquisitions this year include employee benefit system Chard Snyder and retirement planning platform Qualified Plans. ?

Copyright ? 2018 FinTech Global

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