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The pressure is on for employers to beef up their financial wellness offerings. If you ask Jennifer Uhlar, benefit managers are missing out on a pretty obvious one: A college savings plan.
“529 plans are a savings vehicle that families can use with several tax benefits,” says Uhlar, a college savings specialist at the Michigan Education Savings Program. “When families are ready to take the money out for their kids’ education costs, it’s going to be tax-free.”
Deanna Cuadra is a senior reporter at Employee Benefit News. Her work covers healthcare, U.S. policy and reform, challenges faced by women and parents in the workplace and innovation in work culture … Read full bio
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