VGI has entered into an agreement with Ascensus, Inc. to provide certain plan recordkeeping and administrative services on its behalf. Ascensus is not affiliated with VMC, The Vanguard Group, Inc., or any of its affiliates.
Moreover, what is ascensus 401k?
A 401(k) is an essential tool to help employees achieve a secure retirement. … A 401(k) plan allows eligible employees to save for retirement by making salary deferral contributions. Employers offering a 401(k) can offer matching contributions to the plan, and can also add a profit-sharing feature to the plan.
Similarly, how do I contact ascensus?
Ascensus is your go-to resource for everything IRA, HSA, and qualified plan. Have Questions? Call 800-346-3860, option 2, suboption 3 or Email to speak with an RPS Customer Service representative.
What is the relationship between ascensus and Vanguard?
Vanguard will offer a bundled 401(k) and profit-sharing plan service for companies with assets of less than $20 million through a partnership with Ascensus. The plan combines Vanguard investment options with recordkeeping from Ascensus.
Is Vanguard A TPA?
Vanguard factor
Ascensus TPA group alone employs 550 people, and the overall headcount at the firm is upwards of 2,400. … “Most of their recordkeeping is part of the Vanguard relationship.
How much should I have in my 401k?
By the time you are 30, it’s ideal to have a 401k equal to about one year’s salary — so if you make $50,000 a year, you’d want to have $50,000 saved in your 401k account.
What is a good rate of return on 401k?
How much can I put in my 401k?
In 2021, the most you can contribute to a 401(k) is $19,500; that limit increases to $26,000 if you’re 50 or older. Employer contributions are on top of that limit. These limits are set by the IRS and subject to adjustment each year.
Is ascensus a good company?
Great Place to Work, Great management, retirement plan, Benefits. Ascensus gives you the oppertunity to work and show your talents. The salary is competitive and the work life balance is good.
What is the meaning of ascensus?
(?-sen’s?s), The plural of this word is ascensus, not ascensi. A moving upward; having an abnormally high position. [L. ascent]
Is Vanguard A recordkeeper?
As an experienced recordkeeper, we provide the service and support you need to meet your fiduciary duties. From plan administration to thought leadership to technology, I work to bring all of Vanguard’s resources to bear on my client relationships.
Who does ascensus clear through?
Ascensus supports qualified retirement plans and Individual Retirement Accounts (IRAs) through partnerships with top financial institutions, banks, credit unions, and advisors.
Does ascensus have an app?
How do participants get access to the app? This free app is available for download through the Apple App Store for iPhone iOS and through Google Play Store for the Android platform. What is required to set up an account? It takes about 10 minutes for a participant to create an account and link to a retirement plan.