OneDigital and Ascensus have “co-created” a small market solution for retirement plans.
The OneDigital Complete Retirement Solution offering includes Personalized Portfolios, OneDigital’s managed account solution that gives employees access to personalized investment strategies and savings recommendations unique to their investor profile within the retirement plan, as well as Financial Elements, a wellness solution offered through OneDigital.
The offering also includes:
- 3(38) fiduciary coverage provided by OneDigital and supported by an open-architecture platform;
- Net Promoter Score (NPS) plan onboarding and ongoing administration services for plan sponsors with Ascensus’ tech-enabled platform;
- a transparent, fee-based pricing model; and
- Ascensus Elite Advisor program benefits (e.g., a dedicated client relationship manager and strategic account manager) to help advisors focus on growth and enhance their practices
According to a press release, OneDigital is one of the largest partners on Ascensus’ recordkeeping system, with more than 900 plans and upwards of $3.75 billion in assets under administration. The companies expanded their relationship after both were involved in the acquisition of Truist’s retirement business in the first quarter of 2021.
