Ascensus by Encompass Group is a Third Party Administrator that focuses on the strategic needs of your Highly Compensated Employees. We do this by offering an opportunity to learn about non-qualified asset preservation benefits. Ascensus by Encompass Group compliments and enhances a company’s benefit portfolio to attract and retain top talent in a competitive industry. Ascensus by Encompass Group targets industries and companies that employ highly compensated people (in excess of $200,000 annually) and/or business-owners and businesses with partners that want to take full advantage of what the IRS allows an organization to do. The IRS Tax Code is the playbook that we choose for our clients; we know the provisions and tools to maximize what your most integral employees need (and may have never heard about before).
Being a non-qualified offering allows for the company to discriminate (in favor of) and target the key talent for retention and enhancement. Ascensus by Encompass Group offers concierge services (via education and implementation) that cater to the employees’ ultimate financial goals.
Ascensus by Encompass Group caters to the technological wants and needs of HR/CFO level professionals. We will immediately reduce the compliance of reporting, accounting and auditing that is required with a traditional Qualified Retirement Plan.
Ascensus by Encompass Group will work directly with you to design, guide, and implement an education-based rollout (across multiple modes of communication) of these benefit offerings. We have the complete knowledge to establish, educate and implement these programs, with minimal impact to your workload. The extension of these offerings will solidify the relationship between your organization and your high-income employees.
The word “Ascensus” is derived from the Latin word meaning “ascent” or “to rise.” It suggests growth, elevation, or advancement. In the context of the company Ascensus, the name likely symbolizes helping individuals and businesses “rise” or grow financially by managing their retirement, education, and health savings plans. The idea is that through their services, people can advance toward their financial goals.