40+
Years of experience
Helping millions save for what matters
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 what matters to them—retirement, education, and healthcare.
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.
1Cerulli Associates. The Cerulli Report: U.S. Retirement Markets 2020. March 2021.
$748+ billion
Total assets under administration2
15+ million
people saving for the future on our platform2
5,600+
Dedicated associates on our team2
2As of 3/31/2022
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.
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
Our purpose-built technology drives service and operational excellence. Platforms are designed to deliver flexibility, scalability, security, and cost-efficiency.
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
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.
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.
