With families trying to save for rising education costs, offering payroll deduction1 for a 529 plan is an increasingly popular benefit. Thousands of employers, from college campuses and state governments to Fortune 500 companies, including private and public organizations, currently participate in Upromise Investments-administered 529 plans.
We work closely with companies and agencies to help establish payroll deduction procedures through the Automated Clearing House (ACH) system.
Upromise Investments' support for employers 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
- Easy for employees to enroll - with little paperwork for employers
- Supports offices in multiple states
- All at no cost to you or your employees
Easy to save for college with every paycheck
Employees can:
- Access 529.com through their company's own website or intranet
- Learn about 529 plans and select a state plan
- Enroll in a 529 plan and sign up for payroll deduction (If the plan is supported)
For more information on starting a payroll deduction program at your company, call Upromise Investments at 1.888.601.5100.
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.
3 Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.