529 College Savings Program
According to GALLUP, saving for college is the #1 financial concern for parental employees, yet in 2019, only 11% of employers were offering 529 college savings plan to their employees. This large gap between concern and benefit offering is due in large part that unlike a 401(k) plan, employees in different states need different advice, different plans, and may miss out on important state tax benefits if their employer were to partner with a single provider.
GRP Advisor Alliance has now partnered with Gradvisor, a digital investment platform that makes it easy for employers to offer college savings as part of their employee benefit package, helping solve this huge parental concern. By offering plans from every state, Gradvisor ensures that each employee receives the best advice. Not only is it designed to educate families on their options, but it helps them take action and actually get on the path to saving for college. And now, with Gradvisor’s partnership with another GRP Advisor Alliance partner, Evoshare, employees can earn cash-back for college through their everyday purchases. Gradvisor is helping corporate 529 plans do for college tuition what the 401(k) has done for retirement, making it more affordable and accessible to a wider spectrum of Americans.
Contact us by emailing support@gradvisor.com
Request a Demo: www.gradvisor.com