M&A Deal Summary

Ascensus Acquires 401k Plus

On July 31, 2018, Ascensus acquired insurance company 401k Plus

Acquisition Highlights
  • This is Ascensus’ 8th transaction in the Insurance sector.
  • This is Ascensus’ 23rd transaction in the United States.
  • This is Ascensus’ 1st transaction in Texas.

M&A Deal Summary
Date 2018-07-31
Target 401k Plus
Sector Insurance
Buyer(s) Ascensus
Deal Type Add-on Acquisition

Target

401k Plus

Arlington, Texas, United States
401k Plus, Inc. is a provider of a comprehensive benefit and benefit plan administrative and consulting services. The firm specializes in developing and administering participant-directed 401(k) plans, but also offers cash balance plans, traditional defined benefit plans, profit sharing plans, and money purchase pension plans. 401k Plus was founded in 1981 and is based in Arlington, Texas.

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Buyer(S) 1

Buyer

Ascensus

Dresher, Pennsylvania, United States
Category Company
Founded 1980
Sector Business Services
DESCRIPTION

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

DEAL STATS #
Overall 23 of 39
Sector (Insurance) 8 of 8
Type (Add-on Acquisition) 22 of 34
State (Texas) 1 of 2
Country (United States) 23 of 39
Year (2018) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 Continental Benefits Group

Burlington, New Jersey, United States

Continental Benefits Group, Inc. is specializes in tax-qualified retirement plans—like 401(k), profit sharing, cash balance, and pension plans—along with non-qualified deferred compensation plans. Continental Benefits Group is based in Burlington, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-21 PenSys

Roseville, California, United States

PenSys, Inc. is a nationally recognized TPA that specializes in the design, implementation, and administration of defined contribution, defined benefit, and cash balance retirement plans. The firm, which also offers 3(16) fiduciary services, has established a strong reputation for providing creative plan design and high quality service.

Buy -
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