Integration with ADP®
Employees will have the ability to create a Gift of College account after signing into ADP and consenting access to their ADP profile and general deductions. On the Gift of College website, employees can then add the details for their 529 Plan or Student Loan Account and setup a payroll deduction to help fund or pay off the plan or account. When subsequent payroll periods occur, the deductions will automatically occur, and Gift of College transfer the deductions into the employee's 529 Plan or Student Loan as contributions.
ADP Applications Integrated
- RUN Powered by ADP® (RUN)
- ADP Workforce Now® (current version)
- ADP TotalSource®
Integration Type
- 1. Bi-directional data exchange
- 2. Single Sign-On
- 3. Buy Now
Data Sync Frequency
- 1. Real-Time
- 2. Scheduled nightly
Application Type
- Data Connector & End User
Data Fields
- The following fields will be read by Gift of College
- 1. AssociateID
- 2. WorkerID
- 3. FirstName
- 4. LastName
- 5. and more...
Payroll Deduction
Employees can conveniently direct contributions from payroll to any desired account. In addition to employees' voluntary contribution, the employer has the option to contribute or match.
Auto Payroll Deduction into ANY
- Student Loan
- 529 Plan Account
- ABLE Account
529 and ABLE Plan Research Tools
Search 529 plans by state and plan features.
Results include:
- State tax benefits
- Plan features
- Links to sponsor's website
Gift of College Gift Card Rewards
Give Gift of College gift cards to reward and recognize your employees! Gift of College Gift Cards can be used to contribute toward any 529 college savings plan, ABLE plan, or student loan account. Contact us for more information.
There are countless ways to support your employees who are:
- Burdened with student loan debt
- Welcoming a new child
- Saving for disability expenses
- Performing above and beyond or celebrating a work anniversary
- And those considering joining your company (talent acquisition and retention)
- Saving for College
- Contact us for more information.
A Plus (A+) for Employers
Your employees appreciate the value of higher education and they also appreciate the cost. Not a week goes by without a news story about the rising costs of higher education and the $1.5 trillion in educational debt with which families are struggling. Planning ahead for college expenses helps alleviate reliance on loans – yet over 70% of families are not familiar with how to save. As an employer, providing valuable information on savings options and a convenient, systematic way to save for college (or to pay off student loan debt) is a priceless, low-cost addition to your voluntary benefit line-up with a high ROI.
A simple tool like Gift of College can go a long way in relieving employee stress and improving financial wellness.
- Best of all, you don’t need to decide which 529 plan to offer.
- Gift of College enables employees to contribute to ANY state's 529 college savings plan and ANY student loan account.
- The decision is theirs, not yours.
- More savings and less debt = peace of mind and better outcomes for your employees and you!
Value to Employers
- Provides valuable information about the availability and usefulness of college savings plans.
- A voluntary benefit to attract and retain talent.
- A low-cost way to address personal finance issues that weigh heavily on employees’ minds.
- For times when special recognition is in order, give a Gift of College gift card.
- Socially responsible in helping to improve financial well- being and reduce educational debt load.
A Plus (A+) for Employees
Whether a recent graduate with student debt or a parent or grandparent who is helping repay those loans; a parent or parent-to-be, grandparent or loved one saving for a future college student; or simply an employee planning to pursue advanced education in the future, rest assured your employees’ minds are distracted with how to save for or pay off the cost of higher ed. Gift of College knows that a one-size-fits-all approach doesn’t work for employees in different states and with different savings or loan preferences. We also believe It is never too late or early to start as each dollar saved is one less that needs to be borrowed and repaid. We're here to help your employees get started and stay on track with their financial goals.
How It Works
- Through API integration your ADP Payroll Provider is connected to the Gift of College Funding Platform
- Employees can conveniently direct contributions from payroll to any 529 plan or any student loan account
- In addition to employees' contributions, the employer has the option to contribute or match
Value to Employees
- An easy and convenient way to get started and to stick with saving
- An easy and convenient way to fast-track paying off student loan debt
- Access to educational resources about 529 college savings and ABLE plans
- Tax-efficient way to save for a loved one’s or for an employee’s own educational related expenses
The Gift of Independence
Living with a disability is often associated with significant amounts of extra costs. Using Gift of College, your employees can contribute to ANY ABLE account, which is a tax-advantaged savings that can fund disability expenses. Additionally, giving a Gift of Independence gift card provides a way for you to recognize, support and reward an employee who has opened an ABLE account and set savings goals.
A simple solution like the Gift of Independence can go a long way in relieving employee stress and improving financial wellness.
- Best of all, you don't need to decide which 529 ABLE plan to offer.
- The decision is theirs, not yours.
- Automated and increased savings equals peace of mind and better outcomes for your employees and you!
Value to Employers
- Provides valuable information about the availability and usefulness of 529 ABLE plans.
- A voluntary benefit to attract and retain talent.
- A low-cost way to address personal finance issues that weigh heavily on employees' minds.
- Socially responsible in helping to improve financial well-being and increase ABLE plan savings.