Tag: 529 college savings plan

From both an industry asset and account level perspective, 529 savings plans continue to expand to help families save for...

As 529 Savings Plans have become increasingly more flexible there has been growth in assets and account balances, but uptake...

As loan repayments are an obstacle limiting employees’ retirement savings, education savings benefits are an opportunity for employers to relieve...

In 2023’s fourth quarter, the number of tax-preferred education savings and prepaid accounts rose to 16.4 million.

The legislation would create a savings program for children in qualifying families, with funds available to be withdrawn for higher...

The ERISA Industry Committee implored the IRS to clarify how sponsors can implement new Roth features and student loan matches.

Offering a 529 plan benefit can appeal to a multigenerational workforce and may be easier to implement than a student...

From offsetting college debt payments to emergency savings, SECURE 2.0 has the potential to help participants beyond just retirement savings.

In Q4 2022 the number of tax-preferred education savings and prepaid accounts rose to more than 16 million.

The reforms complement the student loan matching provision and make it easier to use ABLE and 529 accounts for college...

Plan sponsors want digital tools that are effective and potentially useful for every participant, but not one-size-fits-all.

The Savings Preservation Working Group says that at least 33% and as many as 47% of plan participants withdraw part...

Workers younger than 35 are realizing they need to start saving now, according to Ascensus; however, only 30% are on...