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Vanguard to Exit Individual 401(k) Business
News April 16, 2024 at 05:27 PM
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What You Need To Know
- Ascensus will take on Vanguard's individual 401(k) plan retirement plan recordkeeping business, along with its multiple participant SEP and SIMPLE IRA plans.
- Plan participants will retain access to a diverse lineup of Vanguard mutual funds via the Ascensus platform.
- The news reflects significant consolidation in the competitive and margin-compressed retirement plan recordkeeping business.
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