Ascensus to Serve as Founding Educational Sponsor for Certified Plan Sponsor Professional (CPSP™) Credential

DRESHER, Pa., April 23, 2019 /PRNewswire/ -- Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce its role as the sole recordkeeper to serve as an educational founding sponsor in the development of the Certified Plan Sponsor Professional (CPSP™) credential.

Created by the Plan Sponsor Council of America (PSCA), a unit of the American Retirement Association (ARA), the credential program covers such topics as retirement plan design considerations, plan fiduciary obligations and risk management, behavioral finance and employee engagement, vendor management and selection, complying with plan audits, and plan and regulatory requirements. Advisors are able to offer the CPSP credential program to their clients with Ascensus-administered retirement plans.

"With more than 40 years of serving clients in the retirement space, Ascensus has realized the immense value that knowledge, access to expertise, and time can bring not only to an employer's benefits program but also to their bottom line," states Shannon Kelly, head of Ascensus' retirement division. "The CPSP credential is just one more example of our commitment to the plan sponsor communityand the advisors who serve them."

Highlights of the CPSP credential and Ascensus' three-year sponsor commitment include:

• Exclusive: Ascensus is the only recordkeeper to be a founding sponsor, granting advisors exclusive access to the course for any plan administered by Ascensus.
• Convenient: Plan sponsors can take the 30-hour multimedia course and the final exam online.
• Complimentary: Advisors can offer access to the program to any Ascensus plan sponsor or human resource (HR) or benefits professional at no cost, and with no restriction on the number of individuals per employer who may enroll.

The CPSP credential is part of a broader initiative Ascensus is introducing called WellBusiness. WellBusiness is Ascensus' operating framework to drive business outcomes for retirement plan sponsors. Recognizing that wellness starts with the employer as a pivotal center of influence in ensuring optimal plan health and employee engagement, Ascensus is redefining wellness to include business wellness for employers, in addition to financial wellness for employees.

This is the first phase of what will be an ongoing investment in better defining and delivering value for both plan sponsors and advisors. The WellBusiness framework aims to help employers reduce risks, build sustainable workforces, and develop core competencies—in turn, improving the overall wellness of their businesses.

WellBusiness stems from a simple premise: Businesses that know better will perform better. Empowering plan sponsors—from business owners to HR managers—to confidently manage their businesses' retirement plans can lead to better business outcomes and, in turn, improve employees' financial wellness.

"WellBusiness represents a significant advancement in our ability to deliver what advisors and business owners have come to expect from Ascensus: transparent pricing and consistent value," states David Musto, president of Ascensus. "We're pioneering a path toward greater overall business wellness, which leads to stronger savings habits, enhanced financial literacy, and better financial security for all savers."

To learn more about the CPSP credential, visit pscalearn.org.

About Ascensus
Ascensus is the largest 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. For more information about Ascensus, visit ascensus.com. View career opportunities at careers.ascensus.com.

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SOURCE Ascensus

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