With National 529 Day approaching on May 29th, benefit managers should start a conversation around the importance of supporting employees’ long-term financial wellness.
529 plans are a tax-advantaged education savings option that can broaden K-12 and higher learning opportunities for employees’ families, and save people the hardship of student loan debt. These plans are often cost-free to open and can be started and contributed to by anyone on behalf of a student or future student — making them a valuable addition to employer offerings for future and current parents, as well as grandparents and other loved ones.
