Make college savings easy and affordable for your team.
Your team is like family. Help them build brighter futures for their kids by offering a low-cost 529 college savings plan.
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What is a 529 plan?
A 529 plan is a college savings plan that helps your employees start saving for future education expenses today.
Pay for education
529 plan savings can be used to pay for tuition and expenses at any qualified college, trade school, or K-12 school.
Save for anyone
Employees can set money aside for anyone they want — including themselves. It’s easy to change beneficiaries at any time.
Grow savings post-tax
Employees automatically invest post-tax income with every paycheck. When they withdraw money, they won’t pay taxes on it.
College savings plans for budgets of any size.
- Big benefits for the modern business
Our partner Gradvisor will help you beef up your benefits package with a 529 plan designed to help your employees get smart about savings.
- Syncs with payroll
Once your 529 plan is up and running, you don’t have to do a thing. Gradvisor syncs with Gusto payroll to deduct contributions every pay period.
- As low as $6 per employee
You can offer 529 college savings plans to your team for a minimum of three employees or $18 per month.
$21,370
Average cost for one year of public college tuition and fees.
130%
Cost of college today compared to 10 years ago.
49%
Percentage of employees who say they’re interested in a 529 plan at work.
sources: College Board, Trends in College Pricing 2018 & College Board, Annual Surveys of Colleges
College savings with built-in support.
Employees are in charge of what they save and can easily manage and track their contributions over time.
Free investing guidance
Gradvisor offers your team personalized advice for their goals, at no extra charge.
User-friendly dashboard
Employees can easily manage their contributions on a dashboard in Gusto.
Tax-free earnings
College savings aren’t taxed at withdrawal, so employees keep more of what they save.
Manage your growing
team, all in one place.
Behind every successful business is a thriving team. Hire, pay, insure, and
support your employees with Gusto’s all-in-one people platform.
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