Ascensus College Savings Ranks as #1 Program Manager in Assets under Management

DRESHER, Pa. - May 28, 2015 - PRLog -- Ascensus, Inc., a leading service provider of retirement and college savings plans, reports that Ascensus College Savings ranked number one in assets under management among 529 college savings plan program managers in an independent report released by Strategic Insight. The report is based on data collected from 529 program managers and state agencies at the close of the first quarter of 2015.

Ascensus College Savings provides a range of service models, from recordkeeping and administration to full-service program management. Ascensus College Savings provides services for 31 college savings plans across the nation and had over $68 billion in assets under administration across 3.3 million 529 accounts as of March 31, 2015.

“Over the years, Ascensus has been strategically building momentum in supporting families seeking to avoid or mitigate student loan debt by expanding its support among the employer, gifting platform and advisor and direct-to-consumer channels,” says Paul Curley, director of college savings research at Strategic Insight.

With a unique focus on technology leadership and innovation, Ascensus College Savings has developed a complete suite of capabilities to ensure that state partners’ plans are run efficiently and effectively.

“We would like to congratulate our state partners and business partners on reaching this milestone and thank them for their hard work in promoting 529 savings,” states Jeff Howkins, president of Ascensus College Savings. “We plan to continue to work closely with our business partners to drive 529 industry advancements in order to make saving for education accessible and affordable for millions of American families.”

About Ascensus

Ascensus is the largest independent retirement and college savings services provider in the United States, helping over 6 million Americans save for the future. With more than 30 years of experience, the firm partners with financial institutions to offer tailored solutions that meet the needs of financial professionals, employers, and individuals. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 40,000 retirement plans and over 3 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts. For more information about Ascensus, visit https://www.ascensus.com/.

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