[White paper] New Voluntary Benefit: See why Indiana companies are now offering 529 plans

Have you heard that one in every two workers is interested in 529 education savings plans as a voluntary benefit?* Education support is the next employee wellness frontier.

This free white paper summarizes the key points companies should know now, including:

  • How to easily implement this no-cost benefit
  • Why it delivers value to employees and their families
  • How it differentiates your company/provides a competitive advantage

Unlike offering retirement savings plans, offering 529 plans comes with no ERISA or Form 5500 requirements. In addition, with CollegeChoice 529, Indiana’s official 529 plan, employees can save for future education expenses and receive a 20% state tax credit.1

To learn more about the benefits of CollegeChoice 529, visit indianas529.com or contact Senior Institutional Relationship Manager Phillip Waddles at [email protected].

* 2019 Guardian Workplace Benefits Study, 6th Annual: College Debt in America

1 Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to a CollegeChoice 529 account, up to $1,000 credit per year ($500 for married couples filing separately). This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as rollovers to another state's 529 plan, federal nonqualified withdrawals, withdrawals used to pay elementary or secondary school tuition for a school outside of Indiana, or qualified education loan repayments as described in the Disclosure Booklet.

For more information about the CollegeChoice 529 Direct Savings Plan (CollegeChoice 529), call 1.866.485.9415 or visit www.collegechoicedirect.com to obtain a Disclosure Booklet, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. Ascensus Broker Dealer Services, LLC. (ABD) is distributor of CollegeChoice 529.

Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program.

CollegeChoice 529 is administered by the Indiana Education Savings Authority (Authority). ABD, the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services, and marketing. CollegeChoice 529's Portfolios invest in: (i) mutual funds; (ii) a stable value account held in trust by the Authority at Vanguard; and/or (iii) an FDIC-insured omnibus savings account held in trust by the Authority at NexBank. Except for the Savings Portfolio, investments in CollegeChoice 529 are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.

Not FDIC-Insured (except for the Savings Portfolio). No Bank, State or Federal Guarantee. May Lose Value.

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