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Strong employees are the backbone of any company. Offering competitive benefits packages including 529 college savings plans will set your company apart from the rest. Employers can offer these plans to employees, at NO COST who, in turn, can build college savings for their children, or even themselves, by making automatic payroll contributions into their plan accounts, similar to how employees contribute to their bank savings accounts.
529 plans provide a tax-advantaged opportunity for college savings. In 1996, 529 accounts were created to promote long-term saving for higher education. These plans are available to everyone, and people can use them to save for their own education costs, but they are used primarily by parents on behalf of their children. While 529 contributions are made with after-tax dollars and are not tax-deductible, earnings are tax-free when used for qualifying education expenses, such as tuition, books or computers.
Anticipate and accommodate the needs of your employees by providing them an opportunity to save for future higher education expenses with the Workplace Savings Program from Scholarshare 529
SmartStage: ScholarShare 529 Workplace Savings Program – Join us for an Exclusive Look at College Savings Benefits
CAHR21
Keyword(s)
SmartStage, Savings, College Savings, Benefits, Employee Engagement
SmartStage:
ScholarShare 529 Workplace Savings Program –
Join us for an Exclusive Look at
College Savings Benefits
presented by Adalberto (Adal) Padilla,TIAA
Offering 529 Savings Plans as a benefit demonstrates a commitment to your team and attracts the best talent.
Strong employees are the backbone of any company. Offering competitive benefits packages including 529 college savings plans will set your company apart from the rest. Employers can offer these plans to employees, at NO COST who, in turn, can build college savings for their children, or even themselves, by making automatic payroll contributions into their plan accounts, similar to how employees contribute to their bank savings accounts.
529 plans provide a tax-advantaged opportunity for college savings. In 1996, 529 accounts were created to promote long-term saving for higher education. These plans are available to everyone, and people can use them to save for their own education costs, but they are used primarily by parents on behalf of their children. While 529 contributions are made with after-tax dollars and are not tax-deductible, earnings are tax-free when used for qualifying education expenses, such as tuition, books or computers.
Anticipate and accommodate the needs of your employees by providing them an opportunity to save for future higher education expenses with the Workplace Savings Program from Scholarshare 529
Credit
SHRM - PDC:0.25
Description
About the speaker...
Adalberto (Adal) Padilla, TIAA
Adalberto (Adal) Padilla joined TIAA in 2018 as a Tuition Financing Consultant for TIAA Tuition Financing, Inc. He devotes a substantial portion of his time working with employers in offering the ScholarShare 529 Workplace Savings Program as a financial wellness benefit to their employees. He has over ten years of financial services experience, serving in various roles and capacities ranging from banker to consultant. Adal is passionate about educating the community and providing tools and guidance for college savings. He believes that it is never too early to start saving. Adal received his Bachelor of Science degree in Business Administration at La Universidad de Guadalajara in Mexico.
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