Ascensus Adds Roth Contributions to SIMPLE IRAs
Event summary
- Ascensus now supports Roth contributions for all new SIMPLE IRA plans, effective immediately.
- Existing plans can add the Roth option starting in fall 2026, with a January 1, 2027 effective date.
- The move aligns with SECURE 2.0 Act provisions and positions Ascensus among early adopters of this feature.
- Ascensus manages $913+ billion in assets under administration as of March 31, 2026.
The big picture
Ascensus' move reflects growing demand for flexible retirement savings options among small businesses and their employees. The addition of Roth contributions to SIMPLE IRAs aligns with broader industry trends toward personalized financial planning tools, particularly as regulatory frameworks like the SECURE 2.0 Act expand tax-advantaged saving opportunities.
What we're watching
- Adoption Pace
- How quickly small businesses will elect to add Roth contributions to their existing SIMPLE IRA plans.
- Competitive Response
- Whether other retirement plan providers will accelerate their own Roth SIMPLE IRA offerings.
- Regulatory Impact
- The extent to which SECURE 2.0 Act provisions drive further innovation in small business retirement solutions.
Related topics