I recently added this as a voluntary benefit to our employees and not even one employee has contacted my department to even get more info about it.
It is through our states 529 plan, is a tax-deduction, and earnings made through investing are income-tax free. The money is the employee's, there is no waiting period and there is only a minimum of $15 per pay period to participate. I'm just suprised that after I went through the trouble of setting up an account with the 529, nobody is interested. (As a side note, the average age of our employees is 25-30 and most have young children). Why do you think they are not interested??
Answer by MamiJaAyla at 6:59 PM on Sep. 12, 2010
Answer by MissAlisabeth at 2:31 PM on Sep. 12, 2010
Answer by CafeMochaMom1 at 3:01 PM on Sep. 12, 2010
Answer by Erica_Smerica at 6:12 PM on Sep. 12, 2010
Answer by jewjewbee at 6:47 PM on Sep. 12, 2010
Nope, if they want to do that, they should pay interest that will keep up with inflation-NO ONE WILL EVER DO THAT!! They wont make money or expenses lol
Im not interested in college savings if i cant even make my mortgage or electric bill! Legal voluntary benefits, now your talking, thats helps with my needs and gives peace of mind making me a more relaxed productive employee.
HERE IS A STUDY ON YOUR QUESTION http://www.benefitssellingmag.com/Issues/2009/5/Pages/Legal-plans-to-the-rescue.aspx
Answer by IraqiVetWife at 3:39 PM on Sep. 12, 2010
Answer by rkoloms at 5:39 PM on Sep. 12, 2010