For Employers

A unique financial wellness benefit for your employees.

Are you looking for a competitive edge to attract and retain high-quality talent?

  • According to a Bank of America survey, 62% of employers feel a high degree of responsibility for their employees’ financial wellness.
  • Plus, the number of employees who see their financial wellness as at least “good” has decreased sharply over the past two years.

What you can do

Offering employees my529 as a means to invest for education shows you care about them, their families and their own educational pursuits.

Your employees can invest for qualified higher education expenses and K-12 tuition expenses with my529, Utah’s official 529 educational savings plan.

Why offer my529?

my529 is an investment in the future—and a benefit to your employees—all at no cost to you.

Advantages for employers

  • Helps employees invest for qualified higher education expenses.
  • Can help you retain talent.
  • Employee onboarding materials available.
  • Simple to implement.
  • Increased productivity and morale.
  • Loyalty from employees.

Employee benefits

  • Accounts are free to open.
  • Earnings are tax-free when spent on qualified education expenses.
  • Funds can be used at eligible colleges, universities, and technical schools nationwide and abroad.
  • Utah state tax credit available for Utah taxpayers.
  • Fees are among the lowest in the nation.

Downloadable Resources

my529 can provide materials for employee onboarding.

my529 Logos

Call my529

Contact us today at employer@my529.org or 801.321.7153 to schedule a presentation and/or include us in your fair.

Spend a couple of minutes learning about my529, Utah’s official 529 college savings plan.

Presentations

Schedule a virtual presentation with the my529 Outreach team for your employees.

  • Use the platform of your choice (Zoom, Webex, etc.).
  • 20- or 40-minute presentation available.
  • Time for Q&A.
  • my529 will provide printed or digital materials.

Employer topics

You may use the following articles to help your employees learn more about 529 college savings plans. Share links through your workplace newsletters, emails or intranet.

January – Peace of mind for the future

As an HR professional, you are familiar with the difficult circumstances facing your employees right now. What if the cost of higher education didn’t have to be so overwhelming?

February – Make saving a habit

How are your New Year’s resolutions going? The resolutions that have the greatest impact are those that form useful habits that we no longer have to think about—they just happen.

March – Estimate how much you need to save

my529, Utah’s educational savings plan, wants to be a resource as you plan ahead to achieve your family’s college savings goals.

April – A key component for employees’ well-being

Next to having adequate savings for retirement, having funds for education is one of the most important components of financial well-being.

May – Celebrate May with savings

my529, Utah’s educational savings plan, has been helping families save for education for more than 25 years, and we take part in National 5.29 Day by making it easier for you to invest in the future.

Contact my529 today

  • Talk about how to integrate my529 with your benefits package.
  • Schedule a presentation or webinar.
  • Include my529 in your health or benefits fair.

Email employer@my529.org or call Jenny at 801.321.7153.

FAQ

Learn more about how a my529 account works—from account owners and beneficiaries to contributions, tax advantages, and how funds can be used.

Engage your employees

  • Share information about how easy it is to open an account with my529. We can help.
  • Set up direct deposit with your HR benefits system so employees can contribute with payroll contribution if they wish.
  • Offer a matching contribution for employees as a benefit. Similar to a 401(k) plan, employers would provide a matching contribution up to a specific amount.
  • Publicize the my529 Gift Program as a way to contribute to employees for special occasions like birthdays, newborn celebrations, graduations, etc.
  • Make a merit-based or other bonus contribution to an employee’s my529 account.

Note: Any contributions employers make to my529 accounts are viewed as employee compensation.

  • Contact Us
  • Phone: 800.418.2551
  • Fax: 800.214.2956
  • Email: info@my529.org

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Please Read. This Is Important.

Do not invest with my529 until you read the Program Description.

Read our Legal Notice & Disclaimer. If you are going to invest your money in a my529 account, we encourage you to learn how our college savings plan works. The Program Description explains the investment options, rules on contributions and withdrawals, tax benefits, fees, and risks. Your investment could lose value. Except for the FDIC-insured option, my529 investments aren’t guaranteed.

Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Higher Education Assistance Authority Board of Directors, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that that includes FDIC-insured accounts as an underlying investments. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.