Help Employees Plan for What’s Next
Enhance your benefits package with the NY 529 Direct Plan payroll contribution program.
A simple way to help employees save for education while potentially supporting recruitment and retention.
Support your team and strengthen your offerings.
The NY 529 Direct Plan is a valuable addition to your benefits package, offering meaningful advantages for your organization and the people who power it.
Company advantages
- Differentiates your benefits offering.
- Helps employees save for higher education.
- Simple to administer—with no cost to your company.
- Complements your 401(k), 403(b), 457, or other savings programs.1
Employee advantages
- A simple way for families to start saving for higher education.
- State and federal tax benefits can help employees’ money go further.2
- Low-cost investments professionally managed by Vanguard.
- Account owners decide how and when the funds are used.
Invite us to Your Event
Want to host an informational session or have a representative attend your benefits fair?
Simple savings for you and your employees.
The NY 529 Direct Plan helps employees save for education—at no cost or added work for you. It’s a simple, meaningful way to support your employees.
Streamlined setup
Employees enroll online, and you submit one form using your existing ACH payroll system—at no cost to you.
Flexible for employees
No minimums. Employees can save for anyone’s education and choose how to invest and use their funds.
Dedicated support
A Direct Plan rep can assist with setup, lead workshops, attend benefits fairs, and provide materials for your team.
Get the tools to help your team start savings.
Our Employer Kit includes a variety of printable resources to help you educate your employees about the benefits of the Direct Plan. Download the materials below or contact your plan representative to request the materials.
Resources
Employer Guide
Welcome brochure featuring the advantages of offering the Direct Plan as a benefit to your employees.
Enrollment Kit
An overall guide to the Direct Plan for your employees, detailing the benefits of saving for college, the added benefits of the Direct Plan, and an overview of the investment lineup.
Employer payroll direct deposit procedures
Everything you need to know about establishing and facilitating payroll direct deposit for your employees, with simple directions and tips for online and mail-based processes.
Payroll Direct Deposit Instruction Form
The form that employees can use to initiate or change payroll direct deposit.
Employee enrollment and payroll direct deposit procedures
Step-by-step directions for employees on how to enroll and initiate payroll direct deposit, both online and with a paper application.
Workshop announcement poster
A ready-to-display poster inviting employees to informational seminars about the value of saving for college through Direct Plan payroll direct deposit.
Awareness poster
A ready-to-display poster promoting the benefits of the Direct Plan.
Introduction email for your employees
A draft email that you can customize and send to your employees as an introduction to the Direct Plan and its benefits.
Strengthen your benefits package.
Learn how the NY 529 Direct Plan can add value for your employee.
Invite Us to Your Event
Email Us:
Reach Us by Mail:
U.S. Mail:NY 529 Direct Plan
P.O. Box 219812
Boston, MA 02205-8323
1 529 plan contributions are made with after-tax dollars.
2 Tax and other benefits are contingent on meeting other requirements and certain withdrawals are subject to federal, state, and local taxes.