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Ascensus announces agreement to acquire Vanguard Individual 401(k), Multi-SEP, and SIMPLE IRA Plans business

Apr 16, 2024•over 1 year ago

Acquiring Company

Ascensus

Acquired Company

Vanguard

DresherValley ForgeFinancial ServicesFinancial Services

Description

Ascensus has entered into a definitive agreement to acquire Vanguard's Individual 401(k), Multi-SEP, and SIMPLE IRA Plans business. With this acquisition, Ascensus will assume recordkeeping, client servicing, and provide custodial and trustee services for Vanguard's current line-up of retirement plans, reinforcing its commitment to serving the unique needs of small business retirement plans.

Company Information

Company

Ascensus

Location

200 Dryden Road

Dresher, Pennsylvania, United States

About

Ascensus is a market-leading enabler of tax-advantaged savings—providing technology, services, and expertise that help millions of people save for a better future. The company is a premier savings program service provider, third-party administrator, and government savings facilitator. Its platforms, industry knowledge, and data-based insights enhance the growth and success of its partners, their clients, and savers through co-branded, private-labeled, and governmental partnerships.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed