Ascensus acquired Beneco from Alpine Investors.

Ascensus, the largest independent recordkeeping services provider, acquired Beneco, a leading provider of bundled retirement and health & welfare benefits administration solutions, from Alpine Investors. Financial terms were not disclosed. "For more than 30 years, Beneco has partnered with prevailing wage businesses all over the country to help them provide their employees with comprehensive benefits and valuable retirement plans," states Kristy Bryson, Beneco's chief executive officer. "We have invested time and resources to successfully position our business for the future and are excited to execute on new growth opportunities as part of FuturePlan."