Helping millions save for what matters

We partner with financial institutions, governments, advisors, and employers to offer tax-advantaged savings plans.

Our story

Ascensus is the largest independent recordkeeping services partner, third-party administrator, and government and health savings facilitator in the United States.1 We're also one of the savings plan industry's leading providers of outsourced services.

Our combination of purpose-built technology and deep expertise enables our partners to deliver industry-leading solutions that help people save for what matters: retirement, education, and healthcare.

40+

Years of experience

$745+ billion

Total assets under administration2

15+ million

people saving for the future on our platform2

5,500+

Dedicated associates on our team2

1Cerulli Associates. The Cerulli Report: U.S. Retirement Markets 2020. March 2021.
2As of 12/31/2021

What we do

Retirement savings

Ascensus supports qualified retirement plans and Individual Retirement Accounts (IRAs) through partnerships with top financial institutions, banks, credit unions, and advisors.

We administer the nation’s first state-facilitated retirement programs, leveraging our strong state relationships to offer the opportunity to save for the future to employees who don’t have access to a workplace retirement plan.

Education savings

As the nation's leading provider of 529 plans, we help families and students save today to help finance the education expenses of tomorrow. We created and power Ugift, a free service that allows family and friends to give the gift of college savings.

Health savings

We support a range of savings and spending accounts designed to help individuals plan for the future and prepare for healthcare needs. With healthcare reform continually taking shape, we've established business and technology partnerships that place us at the forefront of the health and benefits industry.

ABLE

We partner with states across our nation to help families save for disability-related expenses without jeopardizing their eligibility for federal benefits. ABLE plans allow individuals with disabilities and their loved ones to save for the resources they need today and in the future.

Our culture is grounded in values that underscore our commitment to our clients. Whether we’re partnering with a leading financial institution, a state treasurer’s office, a large corporation, or a small business, those we serve are always at the center of everything we do.

David Musto
President and CEO

How we provide value

Technology

Technology

Our purpose-built technology drives service and operational excellence. Platforms are designed to  deliver flexibility, scalability, security, and cost-efficiency.

Expertise

Expertise

Ascensus' market insights and business knowledge—along with our administrative and operational expertise—enhance the growth and success of our partners and their clients.

Partnership

Partnership

We apply our versatile capabilities, insights, and technology to tailor what we deliver based on partner and client needs. Our success is measured by the success of those we serve.

Best-in-Class

31 awards in the 2020 PLANSPONSOR Defined Contribution Survey3

Retirement Leader

2019 Retirement Leader of the Year in the Fund Intelligence Mutual Fund Industry Awards and a Finialist in 2020 and 20214

Leading 529 Program Manager

#1 in assets under administration as ranked by Institutional Shareholder Services in 20215

Top Advisor Choice

A top plan provider associates with service and fee clarity in the 2019 PLANADVISER Retirement Plan Adviser Survey6

Partner Excellence

Received the 2019 WEX Health Partner Excellence Award and 2018 Solution Visionary Awards for Outstanding Achievements and Innovation7

Industry-Leading Technology

Technology Team Named to 2019 CIO 100 List

3 PLANSPONSOR. 2021 Defined Contribution (DC) Survey. January 2022.
4 Fund Intelligence. Fund Intelligence Mutual Fund Industry and ETF Awards. October 2021.
5 Institutional Shareholder Services (ISS). 529 College Savings Quarterly Data Update: Fourth 2021. January 2022.
6 PLANADVISER. 2019 Retirement Plan Adviser Survey. October 2019.
7 WEX Inc. SPARK 2019: Partner Excellence Award Winners. June 2020.