Ascensus’ New Proposal for 2010 Simplifies the 401(k) Sales Process

Dec. 10, 2009 - PRLog -- Dresher, Pennsylvania–Ascensus, a leading retirement plan solutions provider, unveiled a new, streamlined proposal for 2010. By using a presentation-friendly approach, the proposal makes it easier for financial advisors to connect with prospects and speak to those issues most important to them. In particular, the proposal provides a clear understanding of what makes Ascensus distinct and how the company’s open-architecture investment platform, participant education programs and innovative technology solutions serve to simplify plan management.

The revamped proposal follows the sales process and showcases Ascensus' flexibility in offering employers tailored plan design options based on an organization’s size, demographics and objectives. In addition, the new proposal can easily be customized to illustrate how Ascensus supports plans using either a full-service model or a third party administrator for compliance-only services.

Ascensus’ independence and expertise are also key focal points of the proposal. After all, with more than three decades of industry leadership, Ascensus maintains one of the largest ERISA departments in the country—comprised of over 50 professionals, including attorneys, CPAs and technical consultants—and has a staff of more than 1,000 highly trained retirement plan professionals.

“By highlighting Ascensus’ focus on delivering attractive choices and industry-leading, high quality service, prospects have the information they need to confidently make the decision to start a plan with or convert a plan to Ascensus” explained Mike Narkoff, Senior Vice President, Sales. “And with our client on-boarding procedures made even easier through a new plan establishment process, we expect to see shorter timeframes to closing sales.”

About Ascensus
With more than 30 years of industry experience, Ascensus provides high-quality solutions for every segment of the retirement marketplace. Ascensus is a division of Crump Group, Inc., (CGI). CGI is a leading provider of retirement services as well as the largest and most diversified wholesale insurance distributor in the United States. As the nation’s largest independent recordkeeper and administrator for retirement plans in the micro to large market segments and a leading provider of regulatory expertise, plan document services and participant enrollment support, Ascensus services over 27,000 defined contribution plans. The company’s core capabilities encompass every component of a sophisticated retirement infrastructure, including administration, recordkeeping, ERISA consulting, compliance and sales support, trust and custody services, multilingual participant education programs, training and documentation. These solutions are offered with the open architecture investment capabilities that can be tailored to support the needs of institutional retirement plan providers, third party administrators, financial advisors and their clients. For more information, visit www.ascensus.com.

CONTACT:
Mike Narkoff
Senior Vice President–Sales
Ascensus
Tel: 215-648-5165