Ascensus agreed to acquire Individual 401(K), Multi-SEP and Simple IRA from Vanguard.

Ascensus, an American financial services company, agreed to acquire Individual 401(K), Multi-SEP and Simple IRA from Vanguard, an investment management company. Financial terms were not disclosed. "This acquisition offers small business employers continued access to Vanguard's investment strength and the technology, expertise, and operational excellence that clients have come to expect from Ascensus. Plan sponsors and participants also will benefit from Ascensus' commitment to providing flexible and intuitive digital experiences and sophisticated underlying technology, including a modern account management platform optimized for plan administration," Nick Good, Ascensus President.