Ascensus enters a new partnership with Stone Point Capital and Genstar Capital, receiving new investment to enhance growth. The new ownership structure supports Ascensus's expanded capabilities in the savings solutions industry.

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Ascensus is a market-leading enabler of tax-advantaged savings—providing technology, services, and expertise that help more than 15 million people save for retirement, education, and healthcare. We are a premier savings program service provider, third-party administrator, and government savings facilitator. Our platforms, industry knowledge, and data-based insights enhance the growth and success of our partners, their clients, and savers through co-branded, private-labeled, and governmental partnerships. Ascensus offers comprehensive qualified and non-qualified retirement plan solutions, third-party retirement plan administration, 529 education and ABLE savings program administration, health savings and COBRA administration, corporate- and bank-owned life insurance solutions, and fiduciary and total rewards services. The company's brands include Ascensus; Newport, an Ascensus company; PAi, an Ascensus company; and FuturePlan by Ascensus. Ascensus has more than $700 billion in assets under administration and employs more than 5,700 associates as of December 31, 2022. For more information, visit ascensus.com and newportgroup.com. SOURCE Ascensus