Piggy in graduation cap 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.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.