Reviews

This profile includes reviews for Ascensus's headquarters and its corporate-owned locations. To view all corporate locations, see Find Local Branches.

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Ascensus has 15 locations, listed below.

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  Ascensus

  200 Dryden Rd E Dresher, PA 19025-1044

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  Ascensus

  4999 Louise Dr Ste 205 Rossmoyne Corporate Center Mechanicsburg, PA 17055-6907

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  Ascensus

  4135 N Front St Harrisburg, PA 17110-1616

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  Ascensus Inc

  404 Camino del Rio S Ste 608 San Diego, CA 92108-3556

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  Ascensus Inc

  3131 Camino del Rio N Ste 1040 San Diego, CA 92108-5711

Review Details

• Review fromDakota K

  Date: 07/31/2023

  1 star
  They do not perform wires, but they will charge you a fee for sending you a check with your own money. They will send 2 checks instead of 1 in order to get more money out of you, but first they will send it to a completely different state. When they reissue your checks to the correct address, they will add a $40 reissue fee to each check. Taking $100 form you for no good reason. This is a horrid company that is going to squeeze every REMOVEDout of you that they can.

  Ascensus

  Date: 08/01/2023

  I apologize that your experience withdrawing your funds did not meet your expectations and I regret you were unhappy with the fees charged to process your distribution. Ascensus has a contractual agreement with your former employer where all the fees we charge are listed and agreed to. Included are the check reissue fees you mentioned. During your participation in the plan, you were not charged any trustee or custodial fees by Ascensus Trust. Many trust companies charge asset-based fees or deduct fees at least annually. The only fees you were charged by Ascensus Trust were the fees taken at the time of your distribution. Ascensus Trust only issues separate checks when separate tax records are required and all distributions are mailed to the address we have on file for you. Please also know that even if we had wired the money, you would have still been charged the same fees. Im sorry this wasnt better communicated to you while you were requesting your distribution.

• Review fromSonya W

  Date: 07/24/2023

  1 star
  I would not recommend this company if you need your money fast. I requested a loan explaining that I had $4.00 at the time to my name. I did everything to expedite this process. I was approved on Wednesday, July 18th and I am still awaiting my funds. I called several times and have been told nothing but lies. I was told direct deposit was the fastest, but it doesn't appear that way. I'm highly disappointed in this process and pray I never have to use them again. REMOVED

  Ascensus

  Date: 08/01/2023

  We attempted to locate your account using the details provided here, but were unsuccessful. We welcome the opportunity to discuss your concerns with you. Please feel free to reach out to our office at your earliest convenience so we may review your concerns in greater detail. Alternatively, please provide additional contact information so we can contact you directly.

• Review fromBill S

  Date: 06/15/2023

  1 star
  Terrible service between Vanguard REMOVED(Vanguard Partner). They are unable to do anything together, nor can they do anything electronically for rollover from Vanguard REMOVEDto Vanguard (Acensus Trust). They are partners and Acensus maintains seperate accounts and each company tells you to call the other support line. Aggravating.Terrible service and process. Nothing against the support service folks, these process decisions come from department heads.REMOVEDsays, it will take up to 24h to have a form emailed. Just terrible service.

• Review fromJudith A

  Date: 06/05/2023

  1 star
  This company is nightmare to work with. Id give 0 stars if I could. I have been attempting to withdraw my 403b since May 18th.Ive spoken with several agents at the company, and each provides me with a different answer. Ive been made to sign and send paperwork multiple times. I was advised to take out a loan, then a partial withdrawal, then a full withdrawal.I provided my wire information last week. I am not receiving updates, and have not received any helpful information when speaking with customer service.This REMOVEDhas given me the runaround for several weeks. Yet, I have no concrete answers. I am disappointed in the way this has been handled. No one seems to know what theyre doing here

  Ascensus

  Date: 06/07/2023

  We attempted to locate your account using the details provided but were unsuccessful. We welcome the opportunity to discuss your concerns with you. Please feel free to reach out to our office at your earliest convenience so we may review your concerns in greater detail. Alternatively, please provide additional contact information so we can contact you directly.

• Review fromLes S

  Date: 05/22/2023

  2 stars
  Not a good company to work with. I left my company, and submitted the rollover form twice including all the information needed for an electronic transfer to my fund manager, but Ascensus decided to mail me a check instead, just so that they could charge $15 for a "check fee" and $45 for "distribution fee". Complete BS. This place is not well run, impossible to reach anyone or get help. I would not recommend doing business with them.

  Ascensus

  Date: 06/07/2023

  I apologize that your experience withdrawing your funds did not meet your expectations and I regret you were unhappy with the fees charged to process your distribution. Ascensus has a contractual agreement with your former employer where all the fees we charge are listed and agreed to. Included are the $45 distribution fee and the $15 check writing fee you mentioned. During your participation in the plan, you were not charged any trustee or custodial fees by Ascensus Trust. Many trust companies charge asset-based fees or deduct fees at least annually. The only fees you were charged by Ascensus Trust were the fees taken at the time of your distribution. Ascensus Trust cannot wire money directly to fund managers, which is why you were issued a check. Even if we had wired the money, you would have still been charged the same fees. Im sorry this wasnt better communicated to you while you were requesting your distribution.

• Review fromMichael M

  Date: 04/21/2023

  1 star
  I strongly urge anyone reading this to not do business with this crooked company at all. If they somehow bought a company you were associated with, leave as soon as possible.
  These people set up a retirement plan for me in late 2022 and yet tried to charge me administration fees going all the way back to January 2021. They obviously did nothing during that. Because the plan didn’t exist, but they sent me to a debt collector within 14 days of me refusing to pay a bill but I did not understand. I ultimately closed the retirement plan just to get away from this crooked rotten company.
  Stay away from this company!

• Review fromK. L.

  Date: 04/10/2023

  1 star
  REMOVEDis terrible. You can't get out of their recorded phone loop. It just asks the same questions over and over. I actually had a guy on the line that was supposedly helping me but when their "survey" call came in it cut me off. I think I'll move my whole account elsewhere.

  Ascensus

  Date: 04/11/2023

  We attempted to locate your account using the details provided but were unsuccessful. We welcome the opportunity to discuss your concerns with you. Please feel free to reach out to our office at your earliest convenience so we may review your concerns in greater detail. Alternatively, please provide additional contact information so we can contact you directly.

  K. L.

  Date: 04/11/2023

  They say they cannot find our account but all the details are printed the same here on the Account statement that they send us!! There is a real problem with their phone system and not being able to reach someone to work with you.

• Review fromJim F

  Date: 03/29/2023

  1 star
  By far the worst 401(k) administrator I was forced to use (not by choice) by an employer.They are charging an arm-and-leg for a simple rollover: "$75 processing fee"If you want the check to be "mailed overnight", it is $30 more.The "overnight" expedite the process is meaningless because their processing time is two-weeks to begin with.Can't do a direct rollover or wire into an account. They must "mail you a check" like it the days before the internet existed.They say it takes two weeks (estimated) to get the check, in the meanwhile they are holding your money and getting interest on it. The fact that you have to do another transfer/deposit of your paper check into the target rollover account means they gain a few more days of interest.Clearly as a fiduciary their interests lie in their own profits They are in a conflict of interest with the depositors they serve.The more they gain, the more you lose.A terrible company. Stay away.

  Ascensus

  Date: 04/03/2023

  We attempted to locate your account using the details provided here but were unsuccessful. We welcome the opportunity to discuss your concerns with you directly. Please feel free to reach out to our office at your earliest convenience so we may review your concerns in greater detail.