Ascensus to Acquire 401(k) Recordkeeping Business from Mutual of Omaha to Enhance Retirement Services
Acquiring Company
Ascensus
Acquired Company
Mutual of Omaha
DresherOmahaFinancial ServicesFinancial ServicesHealth CareNon ProfitDescription
Ascensus has entered into a definitive agreement to acquire Mutual of Omaha's 401(k) recordkeeping business. With this acquisition, Ascensus will assume full responsibility for the recordkeeping business, serving more than 2,300 retirement plans and 65,000 savers with over $3.9 billion in assets under administration. The transition will provide plan participants with access to an enhanced suite of solutions and capabilities.
Quick answer
Ascensus is acquiring Mutual of Omaha, announced March 27, 2024. Ascensus is based in Dresher, Pennsylvania, United States.
- How much did Ascensus pay for Mutual of Omaha?
- The deal value was not disclosed.
- What does Ascensus do?
- Ascensus is a market-leading enabler of tax-advantaged savings—providing technology, services, and expertise that help more than 15 million people save for retirement, education, and healthcare.
- Where are Ascensus and Mutual of Omaha based?
- Ascensus is based in Dresher, Pennsylvania, United States. Mutual of Omaha is based in Omaha, Nebraska, United States.
- Who are the decision-makers at Ascensus?
- Fundz holds 1 contact at Ascensus. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Ascensus, and when
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Frequently asked
Who acquired Mutual of Omaha?
Mutual of Omaha was acquired by Ascensus, based in Dresher. The deal was reported on March 27, 2024. Ascensus is a market-leading enabler of tax-advantaged savings—providing technology, services, and expertise that help more than 15 million people save for retirement, education, and healthcare. Ascensus is privately held and operates in Financial Services.
When did Ascensus acquire Mutual of Omaha?
Ascensus's acquisition of Mutual of Omaha was reported on March 27, 2024. Ascensus has entered into a definitive agreement to acquire Mutual of Omaha's 401(k) recordkeeping business. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Mutual of Omaha do?
Mutual of Omaha, founded in 1909, is a highly rated Fortune 300 organization providing a wide range of insurance and financial products to individuals, businesses, and groups across the United States. It is privately held, operating in Financial Services, and is based in Omaha.
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