Ascensus continues expansion in benefits administration space with agreement to acquire HR Simplified.

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has entered into an agreement to acquire HR Simplified, a third-party administration (TPA) firm that services consumer-directed health (CDH) plans and provides COBRA administration. Financial terms were not disclosed. HR Simplified's offerings include health savings accounts, flexible spending accounts, health reimbursement arrangements, pre-tax commuter benefit programs, along with other benefit continuation services. It will immediately become part of Ascensus' Health and Benefits line of business. "I've always stated that the foundation of HR Simplified's success is the human touch. In Ascensus, we've found an organization that will allow us to continue to offer the very best in benefits administration; they share our dedication to providing excellent service and finding solutions that best fit clients' needs." Mike Melnychuk, HR Simplified's president.