Help your employees save for future higher education.

Employees appreciate when their employers provide additional information or benefits to help make life a little easier for them and their families.

With Maryland 529, saving for future education expenses doesn’t have to be a challenge. The Maryland College Investment Plan offfers flexible options for your employees to save in a way that works best with their goals and budget.

Employees can:

Enroll or contribute to the Maryland College Investment Plan through their bank account or through payroll subtraction.

Contribute to an existing Maryland Prepaid College Trust Account through their bank account.

Plus, Maryland 529 plans are the only plans that offer Maryland taxpayers a Maryland State income subtraction of up to $2,500 per year, per Account or per Beneficiary.

We can help you provide information about saving for future higher education to your employees in a variety of ways. And there’s no cost to your company.

Contact us to request electronic or print copies of plan information materials to keep in your HR office.

Invite a representative from Maryland 529 to conduct a presentation or schedule a customized webinar that our staff will present.

Invite a representative from Maryland 529 to attend your company’s benefits and/or financial wellness fair. We provide plan information materials and explain how employees can open an Account.

Please note that the availability of tax or other benefits may be conditioned on meeting certain requirements such as residency, purpose for or timing of distributions, or other factors, as applicable. Earnings on a distribution not used for qualified expenses may be subject to income taxes and a 10% federal penalty. State tax laws and treatment may vary. Please check with your state or a tax professional regarding the specific tax rules for your state.