Ascensus to Acquire HR Simplified
Summary
Ascensus, a Dresher, Pa.-based provider of technology and expertise for people to save for retirement, education, and healthcare, is to acquire HR Simplified, a Minneapolis, MN-based third-party administration (TPA) firm that services consumer-directed health (CDH) plans and provides COBRA administration. Led by Mike Melnychuk, president, HR Simplified provides health savings accounts, flexible spending accounts, health reimbursement arrangements, pre-tax commuter benefit programs, along with other benefit continuation services. The company, which has been providing national employee benefit administrative solutions since 1997, offers a full suite of pre-tax spending account administration options, COBRA & retiree billing solutions, and employee benefit compliance services. Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare.