Ascensus Completes Transition of Louisiana's 529 and ABLE Savings Programs
Ascensus has successfully migrated three major Louisiana savings programs to its platform: the START College Saving Program, the START K12 Program, and the LA ABLE Account Program. The transition encompasses over 90,300 accounts and approximately $2.1 billion in assets under management (AUM). This expansion increases Ascensus' footprint to include 39 states and the District of Columbia within its government savings division. The move is intended to provide Louisiana residents with enhanced security and a modernized online experience for education and disability-related savings. As a major player in the savings ecosystem, Ascensus currently oversees more than $1.3 trillion in assets under administration as of August 2026. This successful implementation reinforces its position as a primary administrator for state-facilitated retirement and education savings plans.
Topics: ABLE Accounts Asset Management Education Savings Plans Financial Services Expansion Government Savings Programs