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Be a hero for your employees. Save them big sums on college.

LEAF College Savings makes it easy and convenient for companies to offer their employees 529 college savings plan benefits, including employer matching funds, and student loan repayment.

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529 Plans so Employees' Kids Have Fewer (or no) Loans

While student loan repayment is clearly a huge pain point for many employees, others are more focused on how they can prevent their kids or grandkids from encountering the same loan crisis when it’s time for them to attend college. The obvious answer? 529 college savings plans.

(What is a 529 plan? Learn more about them by checking out our FAQ.)

LEAF makes recurring employee contributions to 529 college savings plans simple and removes any of the headaches related to 529 plan benefit administration. With LEAF you can:

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Give employees the ability to invest in 529 college savings plans via simple payroll deduction

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Provide an employer match for a percentage of what employees put into their 529 plans

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Provide an employer match for all of what employees put into their 529 plans with annual cap

Call us at 800-645-5323 to learn more or fill out our contact form for more information.

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Student Loan Repayment Made Easy

The nation’s issue with student loan debt has spiraled so far out of control that it’s commonly referred to as an economic crisis. With recent figures showing U.S. student loan debt has reached a whopping $1.34 trillion, it’s become a problem that affects everyone. Add it all up and it’s a no-brainer for companies to begin offering employees assistance with “student” loan repayment.

What LEAF Enables Companies to Do

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Provide a direct employer payment to one or more employee student loans, or match for a capped percentage of employee payments

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Set-up a customized student loan payment benefit that drives employee engagement and retention

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Simplify higher ed benefits by integrating with automated payroll deductions for easy administration and reporting

Call us at 800-645-5323 to learn more or fill out our contact form for more information.

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How Does the LEAF Platform Work?

  • LEAF Program Set-up
  • LEAF Recurring Process
  • Funding of Employee Accounts
LEAF Program Set-up
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Meet with LEAF

Implementation meeting to identify specific technical requirements and timeline

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Complete Set-up

HR requests new payroll code(s) from provider and completes online set-up

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Send Welcome Materials

HR sends employees Welcome Guide, Brochure, FAQs, and Invitations to Webinar Events

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Employees Enroll in LEAF

Employees enroll by entering their plan and/or loan information and contribution amounts

LEAF Recurring Process
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HR Communicates with LEAF

On a regular basis, HR communicates eligibility information to LEAF to ensure only eligible employees can enroll or are current for LEAF services

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LEAF Communicates with Payroll

For each upcoming payroll, and multiple payroll periods and divisions are supported, LEAF automatically communicates with payroll

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LEAF Reconciles Deductions

After each payroll, LEAF reconciles actual deductions based on employee payroll qualifications and communicates with benefits platform

Funding of Employee Accounts
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Funds are Transferred

All plan contributions, optional matching funds, and/or student loan repayments are made by ACH transfer and are fully FDIC insured

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Contributions are Disbursed

Contributions are disbursed with independently audited bank level security to each respective employee 529 plan(s) and/or student loan servicer(s) according to employee instructions

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Employees Can View And Edit

Employees can sign-in to LEAF at any time to view and/or make changes to their recurring plan contributions or loan repayment details

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Free White Paper

Why So Many Companies Are Embracing Financial Wellness

Read our newest white paper entitled “The Game Has Changed” to learn more about this emerging area of compensation that has captivated human resources directors at leading corporations nationwide.

Free Ebook

Innovative New Benefits that Will Help Your Company Win the Talent Wars

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Recently featured in Prosperity Now's ebook

Workplace Financial Wellness Services: A Primer for Employers

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Join the LEAF College Savings Challenge

For a limited time, LEAF is contributing $100 to Girls Who Code for every visitor who signs up and joins us for a brief demo.

Contact us today to learn about our innovative benefits by using the form to the right, by calling us at (800) 645-5323, or by e-mailing us at sales@leafsavings.com.