Ascensus to Provide Recordkeeping for SEI Clients

January 11, 2008 (PLANSPONSOR.com) - Ascensus (formerly BISYS Retirement Services), independent service provider for small- and mid-sized retirement plans, announced that it has been selected to provide recordkeeping and administrative services for SEI's retirement plan offerings.

According to the announcement, Ascensus will support SEI clients with a suite of retirement plan products and services, including prototype plan design and maintenance, Web-based planning tools, toll free access to retirement specialists, and customized marketing and sales support materials. SEI clients will also have access to Ascensus’ suite of participant education tools, including onsite enrollment meetings with multi-lingual capabilities, personalized enrollment materials, customized targeted communications, and (k)ruiseControl – its auto enrollment and deferral increase program.

Ascensus will provide a complete open architecture mutual fund environment for fee-based advisory services with fee transparency, the announcement said.

“SEI is pleased to enter into this relationship with Ascensus as we seek to provide continual service enhancements to advisers,” said Kevin Barr, SEI Advisor Network, in the announcement. “We are confident that SEI’s growth in the retirement plan marketplace will be enhanced by Ascensus’ sound support to advisers throughout the sales process, expertise with retirement services, industry-leading ERISA consulting group and competitive pricing. Further, Ascensus’ capability to provide 100% fee transparency was a key factor in our decision.”

SEI is a global provider of asset management, investment processing and investment operations solutions.

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