Establishing a college savings option for employees is typically a low-maintenance endeavor and straightforward for employers, with no reporting required. (Photo: Shutterstock)
When it comes to saving for big-ticket expenses, their child's tuition costs are often at the top of many parents' to-do lists. And with college costs consistently on the rise, employees are looking for the best ways to save for their child's future without sacrificing their own.
While there are many ways to save for college, 529 savings plans are tax-advantaged investment vehicles designed to encourage saving for future higher education expenses. More employers are finding value in offering 529 plans to their employees as part of their benefits packages to help them reach their college savings goals.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.