DRESHER,
Pa., April 18, 2024 /PRNewswire/ -- Ascensus
announced today that Mary Torgerson,
a 20-year leader in financial services, will join the company as
its new head of Small Business Retirement on April 29.
Torgerson will report to Ascensus President Nick Good and join the Ascensus Retirement line
of business leadership team. The Small Business Retirement segment
serves sponsors and employers seeking savings solutions for
businesses with smaller employee populations and
supports Ascensus' existing CoPilot business, Individual
401(k), Multi-SEP, SIMPLE IRA, and similar plans.
"Mary Torgerson is a proven
leader with a strong track record driving revenue growth, product,
and business development," said Good. "She has an enviable track
record of success and deep understanding of small business clients'
needs. Mary is a tremendous addition to the business and to our
leadership team."
Good added, "Mary arrives at a very opportune time, given news
of our exciting acquisition of the Vanguard business
serving Individual 401(k), Multi-SEP, and SIMPLE IRA plans.
Like our own CoPilot bundled retirement solutions, these plans are
at the heart of the small business retirement segment, and the
acquisition dramatically enhances both our market share and
momentum in this vital space."
Torgerson brings more than two decades of experience in
financial services to her new role, including 16 years with
Ubiquity Retirement + Savings, the San
Francisco-based provider of 401(k) solutions for small
businesses. She held leadership roles spanning Ubiquity's product,
business development, and operations teams, most recently as Chief
Revenue Officer. Beginning her professional career in business
development, Torgerson led national software business development
for Execupay, which provides payroll and HR solutions for small to
medium-sized businesses.
She earned her bachelor's degree in marketing and business
administration from Lakeland College in
Sheboygan, Wisconsin.
About Ascensus
Ascensus is a market-leading enabler of tax-advantaged
savings—providing technology, services, and expertise that help
millions of people save for a better future.
The company is a premier savings program service provider,
third-party administrator, and government savings facilitator. Its
platforms, industry knowledge, and data-based insights enhance the
growth and success of its partners, their clients, and savers
through co-branded, private-labeled, and governmental
partnerships.
Ascensus offers comprehensive qualified and nonqualified
retirement plan solutions, third-party retirement plan
administration, 529 education and ABLE savings program
administration, corporate- and bank-owned life insurance solutions,
and fiduciary and total rewards services.
The company's brands include Ascensus; Newport, an Ascensus company; and FuturePlan
by Ascensus. Ascensus has more than $760
billion in assets under administration and employs more than
5,400 associates as of December 31,
2023.
For more information,
visit ascensus.com and newportgroup.com.
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SOURCE Ascensus