When saving for the future, many people opt focus on their childrens opportunities rather than their own. The College Savings Plan Network encourages employers to offer benefits options, such as a 529 college investment plan, to help their employees save for their childrens college educations.
Theres a lot of increase in plans using payroll deduction and offering them as employee benefits for companies, said Betty Lochner, program director for Washington states 529 plancalled Guaranteed Education Tuitionand chair of College Savings Plans Network, a national nonprofit association that promotes Section 529 College Savings Plans and Prepaid Tuition Plans.
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