CollegeChoice 529, Indiana’s tax-advantaged education savings program, is offering virtual Lunch & Learns to employers via Zoom.
“This is a great opportunity for employers to provide their staff with financial tools to plan for the future. There is no cost, no hard sales pitch, and participants can have their questions answered by an industry expert,” said Marissa Rowe, executive director of the Indiana Education Saving Authority, the agency that administers Indiana’s 529 program.
The CollegeChoice 529 Plans don’t have an age limit, so their appeal goes beyond families with young children. Assets can be used at any institution that accepts federal financial aid, so this is a great option for professionals considering an MBA or a Ph.D., as well as those seeking tech training or a traditional 4-year degree.
Accounts are opened online with as little as $10, and funded with after-tax dollars. Employers who wish to offer payroll deduction as a benefit to employees can generally use their current ACH direct deposit system. This is a great benefit – with no cost to employers and no added administrative burden.
CollegeChoice 529 is administered by the Indiana Education Savings Authority (Authority). Ascensus Broker Dealer Services, LLC (“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.
Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, depending on market conditions, you could lose all or a portion of your money by investing in CollegeChoice 529. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.
Not FDIC-Insured (except for the Savings Portfolio). No Bank, State or Federal Guarantee. May Lose Value.