Help Your Employees Prepare For Rising College Costs
Every employer knows the importance of a competitive benefits package to help attract
and retain top talent. accordingly, most companies today offer their employees medical,
dental, and possibly vision insurance. Disability and retirement plans, such as
401K, are also attractive benefits. Adding a “no-cost” 529 college savings plan
to an already attractive portfolio will let your employees know that your company
is committed to the future of their family.
- CareSponsors “Self-Funds” 529 Accounts
- While 529 plans are the investment choice that families need to plan ahead for college
expenses, what if they can’t afford to make regular deposits?
- The CareSponsors plan is the only “self-funding” alternative on the benefits market
today.
- Gift cards, ordered by employees and distributed through you, are spent on everyday
purchases. Each gift card contributes a deposit into the employee’s 529 account.
- Families can leverage the power of their everyday shopping to make deposits every
month into their personal college savings account, without decreasing their spendable
income!
- This benefit appeals to employees at all levels and age groups, and is easy to explain
and launch. Your youngest employees can create an account for their own use. Families
can fund accounts for their children, or extended family members. Baby boomers can
establish and fund accounts for their grandchildren.
- CareSponsors manages all employee earnings and contributions into college savings
accounts, in conjunction withutnam Investments.