Drescher, PA – Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has acquired Beneco, a leading provider of bundled retirement and health & welfare benefits administration solutions in the prevailing wage market, from Alpine Investors. The firm, which offers a full suite of recordkeeping, third-party administration, and benefit plan consulting services, will immediately become part of the FuturePlan by Ascensus line of business.

Beneco, which is headquartered in Scottsdale, AZ, allies with contractors to empower them to build their businesses while helping their employees work toward a secure and prosperous future for their families. With more than three decades of benefits experience serving the prevailing wage space, Beneco has the expertise and credibility needed to serve the complex needs of prevailing wage business owners and their employees. Waller Helms Advisors served as the exclusive financial advisor to Beneco and Alpine Investors for the transaction.

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