DRESHER, PA — Ascensus has launched a pooled employer plan for nonprofit organizations, expanding its retirement offerings as the company seeks to grow its presence in the market for outsourced retirement plan administration.
The National Nonprofit 403(b) Pooled Employer Plan is designed to simplify retirement plan management for nonprofit employers by consolidating administrative and fiduciary responsibilities into a single structure, the company announced.
The offering is available nationwide through financial advisors and is aimed at organizations seeking to reduce administrative complexity while maintaining retirement benefits for employees. The launch comes as pooled employer plans continue to gain traction following regulatory changes intended to make retirement plans easier for smaller employers to offer.
“As we look forward, PEPs are a core pillar of our retirement strategy at Ascensus,” said Dan Morrison, president of retirement at Ascensus. “Demand for simpler, more scalable retirement solutions continues to grow, and pooled plans represent one of the most important ways we can deliver that at scale.”
Under the arrangement, Newport will serve as the pooled plan provider and administrative fiduciary, Ascensus will act as recordkeeper, and Aprio will provide independent investment fiduciary oversight.
Morrison said the company views nonprofit organizations as an underserved segment of the retirement market. “We also see the nonprofit segment as underserved and a priority area for future focus and investment,” he said, adding that the offering is intended to help school employees, healthcare workers and other nonprofit staff gain access to retirement savings solutions.
The launch builds on Ascensus’ broader expansion in pooled retirement plans as employers and advisors increasingly seek outsourced administration and governance support.
The company also said the initiative aligns with its strategy to expand its retirement platform through acquisitions. Last month, Ascensus entered into a definitive agreement to acquire AmericanTCS, a transaction expected to close in the third quarter of 2026, subject to customary closing conditions.
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