Express Gratitude for Your Employees by Offering The Education Plan®, 529 Education Savings Plan

For Immediate Release
Contact: Joanie Griffin
505.261.4444
jgriffin@sunny505.com

ALBUQUERQUE, NM - November is the month of gratitude, and as post pandemic workplace trends continue to influence workers to search for better employment opportunities, employers continue to seek innovative, meaningful ways to express their gratitude toward their employees. By offering unique employee benefits–like 529 education savings plans–employers can provide their team members with impactful benefits to further their financial well-being while also remaining competitive during recruitment.

“A 529 education savings plan is a meaningful and useful benefit to thank your employees for their hard work and help your business stay competitive with its benefits package,” said Natalie Cordova, Executive Director of Education Trust Board of New Mexico, the state agency that administers The Education Plan® 529 education savings plan. “By offering The Education Plan®, you can support the financial well-being goals of your employees and empower them to meet their future education goals and those of their loved ones.”

82% of workers between the ages of 18 to 34 expect a current or future employer to play a role in supporting their financial security and wellbeing, according to a 2022 Harris Poll Survey. More than 8-in-10 workers would be less likely to look for a new job if their current employer began offering more financial wellness tools, the study showed.

The Education Plan® can be implemented at no cost to employers and requires no government reporting, making it a quick and easy employee benefit to include.

529 education savings plans are flexible, giving employees an option to save for the future—even if they might not have it mapped out yet. 529 plans can be used at vocational or trade schools, professional schools, colleges, or universities nationwide to pay for education expenses including tuition, housing, meal plans, books, supplies, computers, and fees. Employees can use the money saved in a 529 plan to pay for their own education, a child’s education, or any other loved one’s future education.

“Many parents and grandparents see the steady rise in tuition and want to give their family and loved ones a head-start with funding for college,” added Cordova. “In today’s job market, employees are seeking competitive benefits, and offering your team members an opportunity to save for future expenses can be a huge boost that will contribute to their success.”

To learn more about The Education Plan® or to begin saving today, visit TheEducationPlan.com.

 

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The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.

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For more information about The Education Plan, call 1.877.337.5268 or view the Plan Description and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You also should consult a financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plan’s features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The Education Plan is administered by The Education Trust Board of New Mexico. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-today operations, including investment advisory, recordkeeping and administrative services. The Education Plan’s portfolios invest in: (i) mutual funds; (ii) exchange traded funds; and/or (iii) a funding agreement issued by New York Life. Investments in The Education Plan are not insured by the FDIC. Units of the portfolios are municipal securities and the value of units will vary with market conditions.

Investment returns will vary depending upon the performance of the portfolios you choose. You could lose all or a portion of your money by investing in The Education Plan depending on market conditions. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Ugift is a registered service mark of Ascensus Broker Dealer Services, LLC.

The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.

All other marks are the exclusive property of their respective owners.

Not FDIC-Insured. No Bank, State or Federal Guarantee. May Lose Value.