Ascensus Joins State Treasurers, Senators, and Advocacy Groups to Celebrate Introduction of ABLE Investment Program

Health & Medicine Week

By a News Reporter-Staff News Editor at Health & Medicine Week -- HYPERLINK "https://www.ascensus.com/" nAscensus, the nation's largest independent retirement plan and college savings services provider, joined members of the National Achieving a Better Life Experience (ABLE) Alliance, U.S. Senator Richard Burr (R-NC), and advocates of people living with disabilities to celebrate the new ABLE investment program on Monday, February 13 in Washington, D.C (see also Ascensus).

The ABLE program was established to help people with a disability or blindness save for the future without jeopardizing their federal disability benefits. ABLE accounts are now available across several states and allow for tax-free investment growth when savings are spent on qualifying disability-related expenses.

States across the country have joined forces to form the National ABLE Alliance, the country's largest multi-state agreement, to support this special investment program. The National ABLE Alliance includes Alaska, Arizona, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, Nevada, New Jersey, North Carolina, Pennsylvania, and Rhode Island.

After a competitively bid search process, the Alliance selected Ascensus to administer the ABLE investment program. The firm's expertise in the administration of 529 college savings programs made Ascensus uniquely qualified to support the needs of the states and future ABLE account owners. Ascensus will service the program from its Newton, MA, Kansas City, MO, and Warwick, RI locations. The firm will also partner with Fifth Third Bank to provide an integrated checking and debit card option within the plan.

"Throughout the history of our organization, Ascensus has innovated to help more families across our nation save for a secure future," states Jeff Howkins, president of Ascensus College Savings. "We're thrilled to have been selected by the National ABLE Alliance to administer this first-of-its-kind investment program to help people living with disabilities or blindness save for the care and resources they need."