Ascensus, OneDigital Form 2 PEPs

Ascensus LLC, a financial technology and service platform, announced a collaboration Monday with OneDigital, an insurance brokerage and financial services firm, to launch two pooled employer plans, including Ascensus’ first 403(b) PEP.

The Path Forward 401(k) PEP and the Path Forward 403(b) PEP will be distributed nationally through the OneDigital adviser network. OneDigital will serve as the 3(38) investment fiduciary for both programs, and Ascensus will provide pooled plan provider services, 3(16) administrative fiduciary services, trust and custody services, and recordkeeping.

Together, Ascensus and OneDigital support more than 1,000 retirement plans with more than $5 billion in total assets.

“This expanded relationship reflects our shared commitment to making high-quality retirement benefits easier for employers to offer and more effective for the people they serve,” Ascensus CEO Nick Good said in a statement. “By pairing our technology and service with OneDigital’s investment expertise and reach, we’re helping more savers achieve better outcomes and retire with confidence.”

On March 10, OneDigital—formally Digital Insurance LLC—announced a partnership with The Standard to expand its Secure Future PEP, which has aggregated $600 million in total assets.

Currently, Ascensus administers more than 45 partner PEPs with more than $2.7 billion assets under administration.

According to sister publication PLANSPONSOR’s 2025 Recordkeeping Survey, Ascensus ranked sixth in number of PEP or multiple-employer 401(k) participants, with 77,856 participants. It also ranked fourth in adoptions, with 733 employers adopting PEPs in the previous year.