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Regional

Ascensus Completes Transition of ABLEnow Program to Its Platform

12 hours ago23 hours ago - by Timothy Alexander
Ascensus

DRESHER, PA — Ascensus has completed the transition of the ABLEnow program to its platform, expanding its administration of tax-advantaged savings programs for individuals with disabilities across 23 states and the District of Columbia.

The move follows a 2025 decision by Commonwealth Savers, the Virginia state agency that administers ABLEnow, to shift the program to Ascensus.

With the addition, Ascensus now administers nearly half of ABLE programs nationwide.

ABLEnow users will gain access to several platform features, including a centralized dashboard for managing multiple accounts, an updated enrollment process, and Ugift®, a tool that allows third parties to contribute to accounts. The gifting feature facilitated more than $12.3 million in contributions to Ascensus-administered ABLE accounts in 2025.

READ:  Ascensus, OneDigital Launch New Pooled Employer Retirement Plans

Peg Creonte, president of government savings at Ascensus, said the transition comes as eligibility for ABLE accounts expands. “ABLE programs are essential to financial independence, enabling people with disabilities to save for everyday needs and long-term goals without jeopardizing critical benefits,” she said.

Mary Morris, chief executive officer of Commonwealth Savers, said the transition is intended to enhance the program’s capabilities. “Ascensus brings deep expertise in administering ABLE programs nationwide, and this partnership allows us to deliver an enhanced platform and an improved experience,” she said.

As of December 31, 2025, Ascensus-administered ABLE programs included more than 75,000 funded accounts and over $1 billion in assets.

READ:  Huntington National Bank Selects SEI Wealth Platform

The company appointed Rob Percival as head of ABLE solutions in January 2026.

Eligibility for ABLE accounts expanded on January 1, 2026, to include individuals whose disability onset occurred before age 46, up from the previous threshold of 26. Ascensus reported a 56% year-over-year increase in new account enrollments during January and February following the change.

Ascensus provides technology and services for savings plans, supporting more than 16 million account holders and administering over $932 billion in assets as of the end of 2025.

READ:  SEI Selected by Ranchland for Fund Administration Services

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