Consolidation in the recordkeeping business will continue.

Ascensus and Mutual of Omaha have an agreement where Ascensus will acquire Mutual of Omaha’s 401(k) recordkeeping business, according to a March 27 announcement by the firms.

Through the deal, Ascensus will assume full responsibility for Omaha’s recordkeeping business, which serves more than 2,300 retirement plans and 65,000 savers, and has more than $3.9 billion in assets under administration.