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Products February 2, 2021
Ascensus Launches 529 Savings App
The firm says the app features a design driven by behavioral science and that it provides customized user experiences to drive better savings outcomes.
Reported by PLANADVISER Staff
Ascensus announced today the launch of its READYSAVE 529 education savings application.
The firm says it developed READYSAVE 529 to function within its proprietary technology platform, allowing use across 529 programs administered by Ascensus.
At the outset, READYSAVE 529 is now available to account holders in three programs administered by Ascensus: the MOST–Missouri’s 529 Education Plan, Rhode Island’s CollegeBound Saver plan and Nevada’s SSGA Upromise 529 plan.
Ascensus says it will expand the app’s availability to additional states and savers throughout the year. In the initial release, users can view their account balance, transaction history and investment allocations. Additional features include the option to make a one-time contribution or set up recurring transactions, as well as the ability to see how one’s savings compare with those of peers in the same plan.
“While researching and developing READYSAVE 529, we discovered that users were looking primarily for two things: a simple way to view their education savings’ progress and guidance on what they can do to keep their savings on track,” says Peg Creonte, president of Ascensus Government Savings.