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.
 

Service Overview

Ascensus Retirement Services Document Only Services Document with Recordkeeping Services
Ascensus Advisor/Client  Support   Customer Service Center is available to answer any questions between 8:00 a.m. and 4:00 p.m. CT. Client Service Team is available to answer any questions between 8:00 a.m. and 5:00 p.m. CT.
Web-Based Plan Design & Setup Simple web-based solution where advisors can help their clients complete a questionnaire electronically.   Simple web-based solution where advisors can help their clients complete a questionnaire electronically. 
Pre-Approved Plan Documents Signature-ready documents are delivered through a secure web portal so the employers can sign the documents electronically.  Signature-ready documents are delivered through a secure web portal so the employers can sign the documents electronically. 
Future Compliance Ascensus provides all amendments required to keep plans in compliance, and works with employers to restate documents every six years as required by the IRS. Ascensus provides all amendments required to keep plans in compliance, and works with employers to restate documents every six years as required by the IRS.
Payment Options Ascensus will send an invoice and deduct the annual service fee from the employer's bank account of choice in the year services are established and each February thereafter. Ascensus will invoice the plan annually. Check, on-line credit card payment and ACH billing options are available.
Tax Form Preparation IRS Form 5500 or IRS 1099-R services are not provided. IRS Form 5500 and IRS Form 1099-R (if applicable) services are provided.
Plan Services  N/A Ascensus will provide recordkeeping and administrative services including contribution, loan and distribution processing
Account Statements  N/A Statements are prepared and delivered annually.