Ascensus Appoints Karen Olsen, Jason Timko and Anna Toy as New Regional Vice Presidents

Dresher, Pennsylvania – August 29, 2011 – Ascensus, a leading retirement plan solutions provider, today announced that it has appointed Karen Olsen, Jason Timko and Anna Toy as Regional Vice Presidents for its Florida, New York Metro and Pacific Northwest territories, respectively. In this position, Olsen, Timko and Toy will work with financial advisors, third party administrators and financial institutions—including outsourcing partners and DCIO (defined contribution investment only) wholesalers—to maintain Ascensus’ distribution networks.

In the new role, Karen Olsen will cultivate and maintain Ascensus’ key relationships throughout the state of Florida. Jason Timko will represent the New York Metro region, covering the entire state of New York and northern New Jersey. Anna Toy will be headquartered in San Francisco and will cover the Pacific Northwest region, a six-state territory that includes northern California, Oregon, Idaho, Montana, Washington and Alaska.

“We’re excited to add three experienced and proven retirement wholesalers who join us with extraordinary levels of technical and sales expertise,” says Stephen Cronin, National Sales Director at Ascensus. “Their broad knowledge of the retirement industry and the individual experiences they bring to Ascensus will make an immediate impact for our company and the clients we serve.”

Prior to Ascensus, Karen Olsen was an Associate Account Representative at Mutual of America and a Retirement Services District Manager at Automatic Data Processing. She earned her bachelor’s degree from the University of Louisville in Louisville, Kentucky and she holds FINRA Series 6 and 63 credentials.

Jason Timko joins the company from Paychex Retirement Services where he served as a 401(k) Sales Representative then later became a Financial Advisor Channel Manager. Timko earned his bachelor’s degree in financial management with a concentration in investments from Clemson University in Clemson, South Carolina.

Anna Toy comes to Ascensus from Automatic Data Processing where she was a Retirement Services District Manager. She holds a bachelor’s degree from the San Francisco State University School of Business Administration with a concentration in finance. She also holds the following credentials: Series 7 and 63 registrations, and Accredited Retirement Plan Consultant (ARPC) certification.

About Ascensus
With more than 30 years of industry experience, Ascensus delivers high-quality outsourcing solutions for every segment of the retirement plan marketplace. A division of Crump Group, Inc., a leading provider of retirement services and the leading insurance wholesaler in the U.S., Ascensus services nearly 27,000 defined contribution plans in the micro to large markets and administers over 1.5 million IRAs. Ascensus provides the tools and services to help people prepare for retirement: ERISA consulting, compliance and technology support, trust services, multilingual participant education, training and documentation. Solutions are offered with open architecture investment capabilities tailored to the needs of institutional partners, third party administrators, financial advisors, plan sponsors and participants. Learn more at

Susan Mango
Director, Client Strategy
Tel: 215-648-4893

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