Helping millions save for a better future.

We deliver better outcomes—for our partners, their clients, and savers—through our expertise and purpose-built technology.

Our story

Everyone deserves to feel financially secure. We help people get there by partnering with financial institutions, governments, advisors, and employers to offer tax advantaged savings plans. Our partners trust us to enable them to deliver innovative solutions that help people save for a better future.

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

1Cerulli Associates. The Cerulli Report: U.S. Retirement Markets 2023. December 2023.


Years of experience

$808+ billion

Total assets under administration2

14+ million

People saving for the future on our platform2


Dedicated associates on our team2

2As of 03/31/2024

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 employees who don't have access to a workplace retirement plan the opportunity to save for the future.

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.


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


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


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


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.


52 awards in the 2022 PLANSPONSOR Defined Contribution Survey3

Retirement Leader

2022 Retirement Leader of the Year in the With Intelligence Mutual Fund & ETF Awards4

Leading 529 Plan Recordkeeper

#1 in assets under management as ranked by Institutional Shareholder Services in 20235

Top Advisor Choice

Winner in the recordkeeper category in the 2023 PLANADVISER Retirement Plan Adviser Survey6

Top 10 in JD Power Retirement Plan Digital Experience

for customer satisfaction7

National Quality Review’s (NQR) 5-Star Quality Rating

This honor has been earned for service quality in the last 32 quarters8

3 PLANSPONSOR. 2022 Defined Contribution (DC) Survey. March 2023.
4 With Intelligence. With Intelligence Mutual Fund Industry & ETF Awards. June 2022.
5 Institutional Shareholder Services (ISS). 529 College Savings Quarterly Data Update: Fourth Quarter 2023. January 2024.
6 PLANADVISER. 2023 Retirement Plan Adviser Survey. March 2023.
7 JD Power 2023 U.S. Retirement Plan Digital Experience Study. September 2023.
8 National Quality Review. Quarterly Quality Rating. December 2023.

Hear more from our experts

Visit our newsroom to get the latest news impacting the savings plan industry.

Join our team

Explore opportunities to join the Ascensus team and learn why nearly 5,600 associates have chosen to grow their career here.

Inside our savings plans

Check out our latest insights into how savers in America are preparing for the future on our platform.