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LEAF College Savings makes it simple and secure for organizations to offer their employees an automated approach to regularly contributing to college-savings plans - known as 529 plans. LEAF's centralized platform allows an employer to set-up education savings as a voluntary benefit. And employers can choose to offer a savings match that dramatically increases the odds that an employee will actively fund a plan. You know that retaining talent and being a "best place to work" includes offering a comprehensive range of benefits. Now you can.
Payroll deductions and optional employer matching funds are transferred to each employee's respective 529 college savings plans through CBW Bank which ensures that the funds are protected and FDIC-insured throughout the transaction lifecycle. Plus, intuitive interfaces and comprehensive reporting make set-up and management a breeze.
The web-based, Software-as-a-Service (SaaS) model eliminates the challenge of installing and managing software. Employers invite employees to participate by visiting a customized landing page on the LEAF website. Employees choose their existing plan from among the list of 529 plans offered in the U.S., enter their account information, and choose a contribution amount for regular payroll deduction. Employees have the freedom to start, stop, or change their contribution at any time.
For a limited time, LEAF is offering a $50 gift card that can be redeemed into any college savings plan to each employee who enrolls in the LEAF education benefit. Help your employees to meet the Challenge!
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