Ascensus

The Georgetown University Center for Retirement Initiatives has released its latest Retirement Savings Report, revealing insights into how state programs are beginning to move the needle to expand access for the first time in decades. As the leading provider of state-facilitated savings programs, trusted with more than 700,000 accounts and over $1.4 billion in total assets, we’re dedicated to expanding access to workplace savings for millions of Americans in partnership with state governments. Key Report Findings: ▪️State policies that facilitate workplace access to Auto-IRA accounts help address private sector retirement savings gaps. Programs like CalSavers and Illinois Secure Choice have seen meaningful participation and increased private sector plan formation, helping to close the access gap. ▪️Workers in states with Auto-IRAs are 20% more likely to save for retirement, with the largest gains among small employers and workers earning below the median income. ▪️47% of U.S. private sector workers over 18 still lack access to an employer-sponsored retirement plan. ➡️ Explore the full report to learn more: https://lnkd.in/gnsqpzZR

With tax season in full swing, now is the ideal time to explore the advantages of a nonqualified deferred compensation (NQDC) plan. NQDC plans provide a flexible, tax-advantaged, cost-effective supplement to traditional 401(k) and safe harbor 401(k) plans. Discover how an NQDC plan can be paired with a safe harbor or traditional 401(k) plan to enhance your retirement strategy, and how Newport can help: https://lnkd.in/en8j99a5

We are excited to celebrate the accomplishments of Jenny Logan and Bob Zieser, who were recently honored at the Defined Contribution Institutional Investment Association (DCIIA) Leader and Rising Star Awards ceremony. Jenny received the Rising Star Award, a testament to the significant impact she’s made towards making Ascensus more inclusive, particularly by leading our Neurodiversity Associate Resource Group (ARG).  Bob was honored with the Leader Award, recognizing his exceptional contributions and leadership as the Executive Sponsor for the Mental Health Awareness ARG.     Our Chair and CEO, David Musto, and Head of Core Retirement, Jason Crane, were also in attendance, supporting Ascensus’ commitment to inclusion, belonging, and associate connection.

Congratulations to our partners at the Pennsylvania Treasury and the PA 529 Guaranteed Savings Plan on this milestone. 🎉 We're proud to have designed the READYSAVE 529 app, making it easier for families to manage their education savings anytime, anywhere.  

Women are at the forefront of change and innovation. We're proud to highlight some of the women of Ascensus who are leading our efforts to help more savers save more. This Women's History Month, we honor their drive, vision, and commitment to helping others create more secure financial futures. 

At Ascensus, we’re committed to driving your success through innovative solutions and continuous improvements. Our latest enhancements are designed to help you achieve more and elevate your client interactions: ✅ Advanced automation tools for streamlined operations ✅ In-depth market insights to stay ahead ✅ Expanded services for comprehensive support Discover how these upgrades can transform your business and empower your growth: https://lnkd.in/eAhejjFf

Join us in celebrating an incredible year of growth in our 529 education savings plan business, thanks to our talented associates and collaborative plan partners. 🎉 Since March 2024, we've onboarded 8 new 529 plans to our platform, giving us the privilege to serve an additional 1.4 million savers.   Together with our partners, we're trusted to make education savings more accessible and affordable. The future of education savings is bright—and we're leading the way.

As the leader in education savings, trusted with 8 million 529 accounts, we are dedicated to breaking down the barriers families face in saving for future education expenses. Last week, we experienced a wave of positive momentum as we joined many clients and partners at the College Savings Foundation annual conference to discuss growth strategies, trends, and opportunities for 529 plans. Our message? Let's start by treating employer-sponsored 529s as a must-have benefit, not an optional perk. How? By focusing on: ▪️ Community Asset Mapping – Moving beyond outreach to institutional-level integration. ▪️ 529s as a Problem-Solving Tool for Employers – Corporate scholarships & education assistance. ▪️ Aligning Marketing & Sales Strategy – Closing the gap for measurable impact.   Together, we can make a difference in education savings and help families achieve their goals!

As an institutional retirement plan provider, is your operating model keeping up with your business needs? In Partnering for Growth, our new blog series, we look at how legislative changes, personalization, and industry consolidation are transforming the landscape for institutional providers—with insights that could reframe how you think about your current model. ➡️ Check it out today: https://lnkd.in/e5ySNADr

Thank you to all the sponsors who recognized Ascensus, making us #1 in PLANSPONSOR’s Best in Class Defined Contribution Providers Survey. We’re proud to make it easier for more business owners and their employees to save for retirement.