Details of projected Ascensus services and fees:
Vanguard to Exit Individual 401(k) Business
"Once finalized, Ascensus will assume recordkeeping and client servicing for Vanguard’s individual retirement plan clients, boosting its number of plans under administration to nearly 280,000. Ascensus will provide custodial and trustee services, recordkeeping, client servicing, transaction processing, tax reporting and other services to former Vanguard clients."
https://www.thinkadvisor.com/2024/04/16 ... -business/
Vanguard Sells Retirement Accounts to Ascensus
"For the account fee, Ascensus charges a $20 annual fee per participant. Vanguard charged $25 but would waive it if you had $5 million in assets or if you signed up for e-delivery of statements. It’s unclear if Ascensus offers this waiver option for e-delivery.
Next, Ascensus charges an annual account service fee of $20 per mutual fund for individual 401(k)s. Vanguard charges similar fees but it was waived if someone in the plan had at least $50,000 in assets."
https://wallethacks.com/vanguard-sells- ... -ascensus/
thank you
Statistics: Posted by Bonenorth — Tue Apr 23, 2024 9:44 pm