Ascensus’ New Retirement President Joins from Empower

Ascensus LLC named Dan Morrison its new president of retirement on Monday. Morrison will report to Ascensus CEO Nick Good, who was promoted to CEO from president in January as part of a planned transition that saw former CEO David Musto become executive chair.

Morrison will oversee Ascensus’ retirement business and advance the company’s long-term strategy.

“The opportunity to lead a retirement business with this scale, talent, and commitment to clients and partners is incredibly compelling,” said Morrison in a statement. “I’m excited to work with the team to build on Ascensus’ strong foundation, accelerate growth and expand our impact.”

Morrison brings more than 25 years of industry experience and joins from Empower, where he has worked since 2003 and where he most recently served as head of government and Taft-Hartley markets. His previous roles spanned sales, relationship management and participant engagement management. Morrison began his career at Merrill Lynch after earning bachelor’s degrees in mathematics and English from the University of Vermont.

Ascensus oversaw more than $932 billion dollars in assets under administration and employed more than 5,000 associates as of December 31, 2025.

The PLANSPONSOR’s 2026 Defined Contribution Survey ranked Ascensus No. 1 in all categories for plans smaller than $5 million in assets and among the top three in all categories for plans ranging from $5 million to $25 million. Ascensus also won a PLANADVISER Adviser Choice Award from our sister publication this year for excellence in recordkeeping, based on advisers’ ratings in the latest PLANADVISER Retirement Plan Adviser Survey.