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.
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