Ascensus Completes Successful Transition of Louisiana's 529 and ABLE Savings Programs

Partnership expands Ascensus' Government Savings presence
to 39 states and the District of Columbia

DRESHER, Pa., Nov. 10, 2026 /PRNewswire/ -- Ascensus, the engine at the center of America's savings ecosystem, today announced the successful transition of three Louisiana savings programs to its platform: the Louisiana START College Saving Program, Louisiana START K12 Program, and Louisiana ABLE Account Program.

Together, the three programs represent more than 90,300 accounts and approximately $2.1 billion in assets under management. The transition included more than 82,900 START accounts, 5,600 START K12 accounts, and 1,800 LA ABLE accounts.

The completed conversions mark an important milestone in the partnership between Ascensus and the state of Louisiana, bringing all three programs onto the Ascensus platform and supporting Louisiana residents as they save for education expenses and the needs of individuals living with disabilities. Savers will benefit from Ascensus' enhanced security and modern online experience.

With the addition of Louisiana, Ascensus now supports 39 states and the District of Columbia with their government savings program needs across education savings plans, state-facilitated retirement programs, and ABLE programs for people living with disabilities.

"Successfully transitioning these three programs reflects the strength of our partnership with Louisiana and the shared commitment of everyone involved," said Peg Creonte, President of Government Savings at Ascensus. "We are proud to welcome Louisiana's savers to our platform and build on our experience partnering with states to make saving simpler and more accessible, whether for education, disability-related needs, or greater financial security."

"This successful transition represents an exciting new chapter for Louisiana's START and ABLE programs and for our residents as they plan for their futures," said Dr. Kim Hunter Reed, Louisiana's Commissioner of Higher Education. "These programs enable our people to invest in education, build greater financial independence, and achieve the future they envision. We appreciate the close collaboration as well as the support of Governor Landry and the Legislature that made this transition possible and look forward to continuing our work together on behalf of Louisiana savers."

All three Louisiana programs offer tax-advantaged ways to save for important needs. The Louisiana START College Saving Program helps families save for future higher education expenses, while the Louisiana START K12 Program supports saving for eligible K–12 tuition expenses. The Louisiana ABLE Account Program helps eligible individuals living with disabilities and their families save for qualified disability expenses while maintaining eligibility for certain means-tested benefits.

The transition builds on Ascensus' longstanding work with state partners to administer savings programs designed to expand access and help more people save for life's most important goals.

About Ascensus

Ascensus is the engine at the center of America's savings ecosystem. The company makes saving easier by bringing together intuitive technology, AI, and high-touch service to support better financial outcomes for savers, small- to mid-sized businesses, state governments, and leading corporations and financial institutions. Ascensus offers comprehensive qualified and nonqualified retirement plan solutions, third-party retirement plan administration, 529 education and ABLE savings program administration, corporate- and bank-owned life insurance solutions, as well as fiduciary, trust & custody, and total rewards services. The company supports over 16 million savers¹ and oversees more than $1.3 trillion in assets under administration² as of August 3, 2026. For more information, visit ascensus.com.

¹ Figure includes American Trust Retirement recordkeeping participants
² Figure includes AmericanTCS AUA

CONTACT:
Greg Winter
SVP, Corporate Communications
[email protected]

SOURCE Ascensus