PensionBee and ASC Automate Retirement Plan Rollovers for TPAs — PensionBee Inc.

Event summary

PensionBee US partners with ASC to streamline automatic rollovers for third-party administrators.
Integration reduces manual processing and compliance burdens for TPAs managing force-outs.
$5 billion in small balance accounts are forced out annually, often landing in low-growth Safe Harbor IRAs.
ASC systems administer ~50% of all 401(k) participant accounts in the U.S.
PensionBee’s Automatic Rollover IRA uses a percentage-based fee structure to preserve small balances.

The big picture

PensionBee’s partnership with ASC addresses a growing pain point in retirement plan administration: the manual, error-prone process of handling force-outs. With ~$43 billion expected to remain stuck in low-growth Safe Harbor IRAs by 2030, this integration could shift industry standards toward participant-friendly rollover solutions. The deal also highlights ASC’s dominance in 401(k) administration software, processing half of all U.S. participant accounts.

What we're watching

Market Penetration: Whether PensionBee can expand its Automatic Rollover IRA adoption among ASC’s TPA clients.
Regulatory Compliance: How the partnership affects TPAs’ ability to meet mandatory force-out regulations efficiently.
Competitive Dynamics: The pace at which competitors replicate this automation capability for retirement plan rollovers.