Attract and Retain the Best Talent with Edvest at Work
Satisfied, well performing employees are the backbone of any company. Offering competitive benefits packages including Edvest at Work can set your company apart from the rest.
Wisconsin employers can offer the Edvest College Savings Plan to employees, at NO COST with Edvest providing any education and customer support. Employees 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 or 401k(s).
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 used primarily by parents, grandparents and other family members to save on behalf of any children in their lives. Individuals saving for their own job training and advanced degrees is another growing category. While 529 contributions are made with after-tax dollars and are not federally tax-deductible, any earnings are tax-free when used for qualifying education expenses, such as tuition, books or computers. This is a powerful tax benefit to help build higher education savings over time!
Wisconsin residents may also qualify for an annual state tax deduction (up to $3,380 in 2021) for contributions made into an Edvest account. Limitations apply.* Plus, employers that contribute to employees’ Edvest accounts may be eligible for a state tax credit equal to 25 percent of the total contribution. Please consult a tax advisor for the applicable maximum tax credit per employee per tax year.
Edvest funds may be used at colleges, universities, technical colleges, graduate schools, professional schools and for many types of professional certifications in Wisconsin, nationwide, and abroad.
Learn more at Edvest.com/Benefit.
| Edvest at Work
- Easy to Use
- No Contract or Reporting Requirements
- No Cost to Employers
- Potential Tax Savings for Employees and Employers
To speak with an Edvest at Work specialist please contact:
Khaleel Ali, College Savings Consultant
firstname.lastname@example.org or (414) 410-0009
Serving Southeastern, South Central and Southwest Wisconsin
Kevin Pytleski, College Savings Consultant
email@example.com or (608) 234-6317
Serving Northeastern, North Central and Northwest Wisconsin
*To learn more about the Wisconsin College Savings Plan, its investment objectives, tax benefits, risks and costs, please see the Plan Description at Edvest.com. Wisconsin taxpayers can qualify for a state tax deduction up to $3,380 per beneficiary from contributions made into a Wisconsin 529 college savings plan. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the funds aren't used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply. Consult your legal or tax professional for tax advice. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Wisconsin College Savings Plan. 1581807