National Retirement Services, Inc.

National Retirement Services, Inc. specializes in providing retirement plan design, administration, and compliance services tailored for various retirement structures, ensuring regulatory adherence and effective plan management for their clients. Founded in 2001 and headquartered in Charlotte, US, National Retirement Services, Inc. focuses on retirement plan solutions.

The company was acquired by Ascensus in December 2016, a portfolio company of Aquiline Capital Partners and Genstar Capital Partners. The acquisition details were not disclosed, and the company has completed one deal to date. FuturePlan by Ascensus offers a comprehensive suite of plan design, administration, and compliance services tailored for retirement plans. Their core products include 401(k) and Defined Contribution Plans, 403(b) Plans, 457 Plans, Cash Balance Plans, Defined Benefit Plans, Group Retirement Plans, and Nonqualified Deferred Compensation Plans.

These offerings address the diverse needs of plan sponsors and advisors, facilitating efficient plan management and compliance with regulatory standards. FuturePlan serves a broad client base across the United States, partnering with more than 30 recordkeepers to ensure that clients can select the investment platforms that best align with their strategic goals. The services are designed for various stakeholders, including corporate clients, non-profit organizations, and individual retirement plan participants, providing solutions that enhance retirement savings and compliance effectiveness. FuturePlan by Ascensus generates revenue primarily through service fees associated with the administration of retirement plans and compliance management.

The company’s transactions typically occur on a B2B basis, where corporate clients engage FuturePlan for plan design and administration services. This structure often involves service agreements where clients pay fees based on the complexity and range of services selected, which may include full-service plan administration, compliance resolution, and actuarial services. The revenue model reflects a commitment to providing tailored solutions that meet the specific needs of each client, ensuring ongoing support and expert guidance throughout the relationship. The company's recent acquisition will allow for potential expansion into new markets and the development of innovative retirement products.

There are no specific upcoming product launches disclosed at this time. Following the acquisition in December 2016, National Retirement Services, Inc. will leverage Ascensus' resources to enhance their offerings and explore new geographic regions for growth.