David Musto Appointed Chair of the Defined Contribution Institutional Investment Association

DRESHER, Pa. - Jan. 29, 2018 - PRLog -- Ascensus (https://www.ascensus.com/), a technology-enabled service provider that helps more than 7 million Americans save for the future, is pleased to announce that David Musto, president of Ascensus, has been appointed chair of the Defined Contribution Institutional Investment Association (DCIIA).

The DCIIA is a nonprofit association dedicated to enhancing the retirement security of American workers. Founded in 2010 by a coalition of 42 industry firms, the association was organized by leaders of the defined contribution community who are passionate about improving retirement outcomes.

Musto previously served as vice chair of DCIIA, working closely with the association's Executive Committee to promote best-practice retirement plan design and governance, facilitate dialogue between policy makers and industry stakeholders, and foster sound fiduciary practices related to institutional retirement income. As chair of the association, he will oversee DCIIA's strategic goals and help set direction and priorities for the association's research and thought leadership. He will serve as chair for two years beginning in January 2018.

"David has been a valuable member of the DCIIA Executive Committee since joining in 2010, and we look forward to the future of the association's thought leadership and outreach with his leadership," states Lew Minsky, DCIIA president and CEO. "His extensive industry experience and his passion for helping American workers plan for a more secure future make him an excellent candidate to further DCIIA's mission."

Musto has over 25 years of experience in the retirement, investment, and insurance industries. He currently serves as president of Ascensus, where he oversees the firm's retirement, health, and education savings units, including sales, service, operations, and technology.

Prior to joining Ascensus, Musto served as president of Great-West Investments and CEO of J.P. Morgan Retirement Plan Services. He has also held senior leadership roles with Prudential Financial and CIGNA Retirement. Musto earned an MBA in Finance and International Business from New York University and a BBA in Finance from The College of William and Mary. He also holds the designations of Certified Investment Management Analyst^® (CIMA), Chartered Financial Consultant (ChFC), and Chartered Life Underwriter (CLU).

About Ascensus

Ascensus helps more than 7 million Americans save for the future—retirement, college, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports approximately 50,000 retirement plans, more than 4 million 529 college savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.7 million IRAs and health savings accounts. As of September 30, 2017, Ascensus had over $158 billion in total assets under administration. For more information about Ascensus, visit ascensus.com (https://www2.ascensus.com/).

View career opportunities at careers.ascensus.com/page/show/tpa and careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus (https://www.linkedin.com/company/ascensus). For the latest company news, follow @AscensusInc (https://twitter.com/AscensusInc) on Twitter.

About Defined Contribution Institutional Investment Association

The Defined Contribution Institutional Investment Association (DCIIA) is a nonprofit association dedicated to enhancing the retirement security of American workers. Toward this end, DCIIA fosters a dialogue among the leaders of the defined contribution community who are passionate about improving defined contribution outcomes. DCIIA members include investment managers, consultants, law firms, record keepers, insurance companies, plan sponsors and others committed to the best interests of plan participants. For more information, visit dciia.org (http://www.dciia.org/).