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Defined Contribution

Ascensus continues acquisition spree with purchase of ASPERIA

M&A Merger And Acquisitions written on a notepad with marker.

Ascensus is acquiring third-party administration firm ASPERIA Retirement Plan Solutions, Ascensus announced in a news release Thursday.

Terms of the deal were not disclosed.

ASPERIA, formerly Group Health & Benefit Administrators, "designs, administers and consults on defined contribution and defined benefits plans," the news release said.

Earlier this week, Ascensus, a defined contribution record keeper and administrator of 529 college plans and health savings accounts, announced the planned acquisition of Avintus, another third-party administrator. That deal is expected to close on April 2.

Ascensus had more than $163 billion in assets under administration as of Dec. 31. An Ascensus spokeswoman could not immediately be reached for additional information. Officials at ASPERIA could not immediately be reached for additional information.