05/20/2024
Upcoming: Changes to Document Only Plan Establishment Process
 
We're excited to announce upcoming changes to our Document Only Services plan establishment process and forms. Beginning May 30, 2024, the Payment Authorization Form (PAF) will no longer be needed or accepted. Please utilize the updated processes and forms available on this page post May 30, 2024. This update aims to empower clients with the following benefits:
  • Effortlessly manage payment arrangements exclusively through our secure online portal, Billtrust.
  • Simplify accounts payable tasks by scheduling future payments via autopay.

Ascensus Retirement Services

Ascensus, a leading retirement plan solutions provider, will act as the pre-approved sponsor for your client's retirement plan document. As one of the largest qualified retirement plan platforms in the country, we offer many plan design options to help create a plan that meets anyone's needs.
 

Establish Services

You have the flexibility to choose from two options to meet your clients’ needs: 

Option 1 - Document Only Services – With this service, Ascensus will provide plan document support and maintenance for your Individual 401(k), 401(k) Profit Sharing or Money Purchase Pension qualified retirement plan. As necessary, Ascensus will provide your plan with applicable IRS required amendments and restate your plan document as needed.
 
NOTE: After completing these steps, be sure to complete the Pershing Employee Data Worksheet that will be submitted to Pershing for each account associated with the applicable plan. These should not be sent to Ascensus.
 
There are two steps required to establish Document Only Services.
 
To view a video tutorial related to Step 1 of the Document Only establishment process, click on the link below and enter the provided passcode. A video tutorial for Step 2 can be located on the Next Steps page.
 
Passcode: BS3ECDH#

Option 2 - Document with Recordkeeping Services – With this service, Ascensus will provide plan document support and maintenance for your Individual 401(k) plan. As necessary, Ascensus will provide your plan with applicable IRS required amendments and restate your plan document as needed. In addition to the plan document services, Ascensus will also provide recordkeeping services for your Individual 401(k) plan.
 
NOTE: If you select Ascensus as the Recordkeeper of this plan, the account must be set up as Omnibus (pooled assets account) at Pershing.
 
Visit our Service Overview page for a more detailed list of these two services.
 
There are two ways to complete the required documents: 1) submit electronically through Sertifi below, or 2) complete, print, and return the Plan Establishment Kit found on the Forms page to Ascensus.
 
Complete and Submit Documents through Sertifi
Before you begin, please have the following information available.
 

Plan name, plan type, employer EIN, and plan provisions (e.g., eligibility requirements, loan provisions, etc.).

Payment Informationincluding bank name, routing number, and account number (if applicable).
 
Provide the Employer/Authorized Signer's email address and select the appropriate plan type below. You must complete the documents in one session and electronically sign.
 
NOTE: The Employer/Authorized Signer must be present to sign while the forms are being completed because the forms cannot be electronically forwarded for signature.

*  
    • A document only Individual 401(k) plan designed for sole proprietors with no employees, or for owners and their spouses, offering elective deferrals and/or profit sharing contributions. This service will provide pre-approved document sponsor services only.
    • An Individual 401(k) plan designed for sole proprietors with no employees, or for owners and their spouses, offering elective deferrals and/or profit sharing contributions. This service will provide recordkeeping and tax preparation services by Ascensus.
    • A 401(k) Profit Sharing plan is designed for businesses with employees, offering elective deferrals, profit sharing contributions, and employer matching contributions. (Elective deferrals and employer match are not allowed in a profit sharing only plan.) A Money Purchase plan requires a fixed annual employer contribution (does not allow for elective deferrals and other discretionary employer contributions).