Give Your Employees The Benefit Of Ohio’s 529 Plan
Now you can:
- Make a difference for your employees and their family.
- Show concern for the financial well-being of your company's employees.
- Ensure your benefits are more competitive by adding Ohio's 529 college savings plan.
- Offer payroll deduction* without burdening your HR/Payroll departments.
Expand your benefits package by adding Ohio's 529 Plan in the workplace
As an employer, you want to offer a competitive suite of benefits while keeping administrative costs at a minimum. One benefit that can accomplish both is a payroll direct deposit program with Ohio's 529 Plan, CollegeAdvantage. By offering CollegeAdvantage as a benefit, you give your employees the opportunity to have a better future for themselves, their children, or grandchildren. Someday, those children might even grow up to be employees in your company.
Payroll direct deposit for Ohio’s 529 Plan
For as little as $25 per pay period, your employees can save for their children's and grandchildren's future education. They can even save for their own re-training and career development. Best of all, you can offer the CollegeAdvantage Direct 529 Plan through payroll direct deposit at no cost.
Ohio's 529 Plan has no extra costs or administrative burden for employers
We know that corporate HR and Payroll departments have overflowing workloads. That's why we've made the CollegeAdvantage Direct 529 Savings Plan payroll deduction simple. An employee opens and manages their 529 plan through the CollegeAdvantage website. Once an account is established, the employee prints out and brings you the payroll direct deposit form to authorize the deduction in your payroll system. What could be easier?
We use the same ACH direct deposit system you are already using to deposit employee payroll to bank accounts, credit unions, and other depositories. CollegeAdvantage Direct 529 Plan payroll deductions are after-tax dollars.
* Payroll deduction is not mandatory but an added convenience for your employees.