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Ascensus buys retirement administration company

Technology-enabled solutions provider Ascensus acquired independently owned Benefits of Missouri Inc.

The Missouri-based retirement administration company, which serves more than 800 plan sponsors in the defined contribution retirement plan market, will immediately become part of Ascensus' retirement division.

Ascensus offers solutions for asset managers, banks, credit unions, state governments, financial professionals, employers and individuals. It supports retirement plans and college savings accounts, among other things.