Does anyone have any thoughts as to how Ascensus’ massive takeover of small, local TPAs will affect the industry long term?

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Good to be aware of this, but it’s only chipping away at a regional level. Their allowance for using the Vanguard platform is more ground breaking in my opinion. I think there are enough independent TPA’s that it doesn’t present an issue (currently.) They’re trying to become a larger player in a space where there are the largest number of plans in the industry as well as the largest directional level of plan growth in the future. While the Pchex’s of the world have their direct to market and the JH/Voya/Principal/ADP/etc’s of the market move through intermediaries, Acensus still has a long way to go.

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