Offering a 529 plan through payroll deduction1 is an increasingly popular corporate offering, adding a competitive edge to a comprehensive benefits package. With Upromise Investments as your partner, offering employees payroll deduction for college savings is easy, even for companies with offices in multiple states.
Upromise Investments' Unite Platform makes it easy to perform all back-end functions, making payroll deduction a low-cost, no-effort feature for a Human Resources department to sponsor. For employees, easy payroll deduction set-up and maintenance introduces them to an easy college savings method that can help them contribute to a college savings plan on a regular basis. Upromise Investments' enables employees to find a 529 plan, open an account, and sign up for payroll deduction right from their desktop; all with a minimum of effort from in-house payroll departments and at no extra cost to the company.
Upromise Investments works with both public and private employers to offer 529 plans through payroll deduction as an employee benefit. Thousands of employers, from college campuses to Fortune 500 companies, participate in Upromise Investments-administered 529 plans through payroll deduction programs. These employees contribute regularly to tens of thousands of college savings plan accounts. We work closely with companies and agencies to help establish payroll deduction procedures through the Automated Clearing House (ACH) system.
Upromise Investments' employer-based channel support includes:
- Dedicated 529 Employer Channel Client Service team
- Outreach including seminars and benefits fair staffing2
- Informational materials, including brochures, web, step-by-step instructions, and email content
1 A plan of regular investment cannot assure a profit or protect against a loss in a declining market.
2 Available in certain states only.