Earn Extra Credit with This Employee Benefit
Score big with employees by adding the Learning Quest® 529 Education Savings Program to your benefits package. Employees can save for one of life’s most important goals—sending their kids to college—through easy payroll deductions. Learning Quest, managed by American Century Investments®, offers multiple investment options, tax-deferred growth and affordable contributions. It integrates with all ADP payroll...
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Score big with employees by adding the Learning Quest® 529 Education Savings Program to your benefits package. Employees can save for one of life’s most important goals—sending their kids to college—through easy payroll deductions. Learning Quest, managed by American Century Investments®, offers multiple investment options, tax-deferred growth and affordable contributions. It integrates with all ADP payroll systems of ADP Workforce Now®, ADP TotalSource®, ADP Vantage® or RUN Powered by ADP® to offer secure, single sign-on and a 100 percent paperless experience.
Handbook Link: https://cdn.unite529.com/jcdn/files/LQU/pdfs/handbook_ws.pdf
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Features and Benefits
Opening and Managing it is Easy
It takes just a few minutes to open an education savings plan. Our customer-focused enrollment process is simple and straightforward. Easily manage your account online, too. Of course, we're always here to help if needed.
Affordable Contributions
With no minimum investment, you choose how and when to contribute — set up recurring contributions from your bank account or paycheck through payroll deduction, or make a one-time payment. See how regular investing pays off.
Plan Flexibility
Funds may be used at accredited higher education institutions anywhere in the United States such as 2- or 4-year college, vocational school or technical college, and graduate school. Funds may also be used at any K-12 education institutions. Your child does NOT need to attend college in your home state.
Tax Benefits
The funds in your education savings account grow tax-deferred, and qualified 529 withdrawals are tax-free. That means more money in your pocket. Take advantage of several tax benefits at the federal and state level. It's the smart way to save! The availability of tax or other state benefits (such as financial aid, scholarship funds and protection from creditors) may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors.
The services are provided by an independent third party and not provided by ADP and ADP is not responsible for such third party’s products or services.