Ascensus, a technology-enabled solutions provider that helps more than 7 million Americans save for the future, has announced the acquisition of Retirement Strategies, Inc.. The retirement administration and plan design firm will immediately become part of Ascensus' retirement division.   

RSI has been helping Americans retire since 1997 by focusing on relationship-centric service. The firm offers plan design, unbundled defined contribution and defined benefit administration, and daily recordkeeping, along with ERISA consulting. More than 600 small to mid-size employers work with RSI in implementing and designing appropriate retirement plans to fit the needs of their owners and employees. The firm is headquartered in Augusta, Georgia, with a second office in metro Atlanta.

"At RSI, we strive to make it easy for businesses to achieve meaningful tax deductions and savings for themselves and their employees while providing a true 'boutique' experience to clients in a timely, accurate, secure, and cost-effective manner," says Kasey R. Price, RSI's president and chief executive officer. "As part of Ascensus, we're positioned to leverage even more resources that can help employers implement retirement plans that promote corporate goals, control costs, and give their employees a sense of security."

"One of the things that makes RSI so attractive is their ability to offer the specialized services of a boutique-style plan administrator combined with up-to-date technology and a focus on quality," states Shannon Kelly, Ascensus' president of retirement. "In addition, their commitment to people, quality, and integrity is very much in line with Ascensus' Core Values. I'm pleased to welcome RSI's clients and associates to the Ascensus family." 

"The acquisition of RSI is part of Ascensus' disciplined approach to M&A, as the firm fits nicely with our ongoing strategy, organizational structure, geographic expansion, and culture," says Raghav Nandagopal, Ascensus' executive vice president of corporate development and M&A. "We continue to explore other exciting opportunities in our core markets, product, and market adjacencies that accelerate our immediate and long-term growth plans."