401kid’s ESP Wizard is the foundation of the next major employee benefits tool – Education Planning.  401kid is to Education Savings Plans as 401(k) is to Retirement, providing objective 529 Plan and Financial Aid strategy.

401kid's Education Benefits Platform

While parents rate saving for college as a top concern, most are failing to meet the enormous and rapidly growing costs.  Without incurring additional benefits costs, companies can now facilitate education planning by offering it as a voluntary benefit with 401kid as a partner.

Despite the wealth of financial information and products in today's marketplace, there have not been any simple, time and cost effective solutions to the challenge of education financial planning, available to employees. Employees have spoken about the desire to have their employers provide such tools – 401kid provides a chance for employers to answer the call.

Let 401kid be your benefits consulting guide in designing the most flexible and objective Education Plan for your company.

Benefits of 401kid for Employers include:

• Bolster your benefits package to attract and retain key people
• Encourage effective financial planning for educational expenses
• Reward top-performing employees with tax-advantaged bonuses
• Build morale by matching employee contributions
• Offer Investor Education and Savings Calculators to your employees
• 401kid plugs into your corporate portal for easy access and management
• Seamless administration of multiple 529 Plans and Coverdell Accounts

Although 529 plans can be opened directly by parents and families, without the involvement of their employers, employer-sponsored plans can have additional perks, such as payroll deduction, contribution matching, and access through corporate portals.
For employers that would like to learn about appropriate methods of setting up an Education Plan as part of the company's benefits package, contact a 401kid Education Benefits Specialist today!