Contents
Contents
Integration Details
Learning Quest integrates seamlessly with existing ADP® Payroll Systems and shares real-time information instantly.
- Employee information automatically imports from ADP Workforce Now®, ADP TotalSource®, ADP Vantage® or RUN Powered by ADP®.
- The Marketplace App syncs with Learning Quest and can be launched directly through the ADP user interface. The integration takes the employee data from the payroll platform and loads to Learning Quest during the account setup process sync, meaning less work for payroll administrators. For subsequent visits, employees use their single sign-on to access their Learning Quest account.
ADP Applications Integrated
- ADP Workforce Now
- ADP Vantage HCM
- RUN Powered by ADP
- ADP TotalSource
Integration Type
- Read data from ADP
- Bi-directional data exchange
- Single Sign-On
- Buy Now
- ADP App
Application Type
- Data Connector & End user
Data Sync Frequency
- Real-time
- Scheduled (nightly)
Data Fields
- The following fields will be sent by Learning Quest to ADP
- Payroll Deduction amount
- The following fields will be read by Learning Quest
- Company ID
- Worker ID
- Legal Name
- E-mail Address
- Handbook Link: https://cdn.unite529.com/jcdn/files/LQU/pdfs/handbook_ws.pdf
Flexible Education Savings Solution for Employees
Learning Quest® is a 529 education savings plan that helps employees save for education.
- 529s are tax-advantaged investments that allow tax-free withdrawals for qualified education expenses. Parents, grandparents, aunts, uncles and friends can open and contribute to a Learning Quest account. You can even save for your own education.
- 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.
- Accounts are available to all U.S. citizens or resident aliens in all states. There are no age, state residency or income limitations. Funds from the Learning Quest account can be used to attend any accredited two- or four-year college, vocational or technical school, or graduate school anywhere in the United States.
- Through seamless integration with ADP, the Learning Quest app allows employees to save for college through payroll deductions, with easy access their accounts and real-time payroll deduction updates online.
- Handbook Link: https://cdn.unite529.com/jcdn/files/LQU/pdfs/handbook_ws.pdf
What Matters to Employers
Learning Quest allows you to enhance your benefits and receive a fully integrated online solution to help employees save for education.
Seamless Integration
- As a current ADP payroll client, you’ll receive a best-in-class experience with seamless integration, real-time data and a 100 percent paperless solution.
- As an employer, you don’t need to complete extra paperwork or additional set-up requirements to offer the benefit. Simply purchase the Learning Quest ADP Marketplace app to give employees access.
- Employees can log-in to their Learning Quest account through the ADP portal with a secure, single sign-in with no extra steps required after the initial set up.
Simple Implementation
- The HR Administrator’s task is quick, easy, automatic and paperless.
- Seamless integration and real-time data updates make automatic (recurring) online 529 deposits via payroll deductions effortless.
- HR professionals have access to dedicated Learning Quest resources, available Monday through Friday, 8 a.m. to 5 p.m. (Central Time) at 1-877-345-0909 or by emailing learningquest@americancentury.com.
Differentiating Benefits
- A 529 plan can round out your employee benefits offering with minimal effort.
- It differentiates your benefits and has the potential to help you attract top talent and retain your most valuable employees.
- Learning Quest offers employees a smart solution for the challenge of saving for higher education and contributes to their overall financial wellbeing.
- Handbook Link: https://cdn.unite529.com/jcdn/files/LQU/pdfs/handbook_ws.pdf
What Matters to Employees
Many employees want to be able to send their children to college. However, escalating costs may leave them wondering if they can afford to.
- Financial stress can be a big distraction for employees. Offering the Learning Quest 529 Education Program gives them an easy way to save with little effort on their part, or yours.
- Providing the right benefits for employees contributes to their overall financial wellness. Unique benefits, such as Learning Quest through payroll deductions, can also be a cost-effective way to attract and retain talent in a competitive labor market.
Easy to Setup and Use
- With just a few minutes, employees can open an education savings account.
- Participants contribute the amount they can, when they can with no contribution requirements.
- Employees can easily change payroll deduction amounts any time and the information updates in real time.
- When it’s time to use the money for education expenses, employees can directly access their funds with a single, secure sign-on.
Plan Flexibility
- 529 funds can be used for accredited 2-or 4-year colleges, vocational or technical schools, or graduate schools anywhere in the United States. They can also be used for K-12 tuition expenses.
- If the child receives scholarships or opts out of college, it’s not a problem. Employees can change beneficiaries any time and the remaining funds can be reallocated to someone else.
- There are no residency restrictions – employees can live anywhere to participate. And, the student does not have to attend college in his or her home state.
Tax Advantages
- State tax deductions - Many states offer tax benefits even when you invest in a plan from another state. Employees can check with their home state for specific tax benefits.
- Tax-deferred growth - Contributions grow free of federal and state income taxes while in the account.
- Tax-free withdrawals - No income tax is paid on the growth of the account when withdrawals are used for qualified education expenses.
- 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.
- Handbook Link: https://cdn.unite529.com/jcdn/files/LQU/pdfs/handbook_ws.pdf