TMCnet News
Ascensus 529 Assets Under Administration Surpass $150 BillionDRESHER, Pa., July 8, 2020 /PRNewswire/ -- Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce that it has become the first provider to record assets under administration exceeding $150 billion on its 529 savings platform. The market leader in 529 plan administration, Ascensus provides technology and service solutions for 27 states and more than 40 programs. The firm's 529 business is in the midst of a period of rapid growth, with a 40% increase in 529 accounts on its platform since the end of 2018. This has been driven by institutional wins that have added nine plans, as well as significant organic growth across plans under administration. Partners and savers rely on Ascensus to power their savings plans' technology and service capabilities. The firm has successfully maintained its commitment to supporting these areas while managing the growth within its 529 business. Some examples of this include:
About Ascensus Before investing in any 529 plan, please consider whether your or the beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state's 529 plan. Investment objectives, risks, charges, expenses, and other important information such as specific benefits, limitations, rules and guidance are included in a 529 plan's offering statement/disclosure statement; read and consider it carefully before investing. When you invest in a 529 plan you are purchasing municipal securities whose value will vary with market conditions. Depending on market conditions, you could lose all or a portion of your money by investing in a 529 plan. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. Consult with a tax advisor for specific tax applications or consequences. Ugift® is a registered service mark of Ascensus Broker Dealer Services, LLC.
View original content to download multimedia:http://www.prnewswire.com/news-releases/ascensus-529-assets-under-administration-surpass-150-billion-301090208.html SOURCE Ascensus |