I have a large ASCII dataset (2.7gb) which I believe is in an IMS hierarchial format. I'm unsure how to access the data to get it into a usable database, I would guess SQL but am open to other solutions. This is the "Layout" that came with the database if its at all helpful...

If you do not have a programming background You are in big trouble !!!. Excel MsAccess will not help you much.
So the answer is:
Hire Some programmers with Cobol / Cobol Conversion experience !!!
UIC-MN-H10-SEGMENT
The Cobol Copybook tells you the format of the file. The format of UIC-MN-H10-SEGMENT is
This is a multi-record file.
Tools that you might be able to use
RecordEditor might be able to display the File (Size might be a problem). Also the RecordEditor will take a bit of getting used to
Cobol e.g. GNU Cobol will need Cobol programmers
Java / JRecord -needs java programmers
To give a more meaning full answer, please supply the Cobol copybook in text format and some sample data