COMPANY CULTURE INDEX

A database of company culture initiatives to learn from and be inspired by.

529 Education Savings Plan

Saving for college is a major concern for parents. You can make the task easier for your employees by offering a direct payroll contribution program to a 529 plan.

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. It lets an account owner open an investment account to save for their employees qualified higher education expenses. Employees like the 529 plan because contributions to this account grow tax-free.

Benefits

  • Helps attract and retain top talent
  • Employer contributions are tax-deductible
  • Employees have the opportunity to improve financial security

Supporting Resources

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People

1+

Length

N/A

Difficulty

Medium

Prep Time

1 Month

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