Group 529 Plans

Group 529 plans are voluntary, self-directed college education savings programs that are easy to setup and administer. Employees make regular contributions via payroll deduction into individual investment accounts that offer federal tax-deferred savings and federal tax-free distributions when used for qualified expenses.*

Convenient, systematic investments combined with tax-deferred growth may help employees reach their college savings goals.

We help employers establish plans that provide employees with access to investment options from some of the nation’s leading money managers, including ETF and open-end mutual fund providers. Employees direct how their contributions are invested and are supported by calculators, portfolio construction, and other tools. Employers may also wish to retain us to provide education and one-on-one advice to their employees.

Group 529 plans can be established at no-cost to the employer, or a company may elect to provide plans at no-cost its employees.

Please contact Joshua H. Anderson, AIF® Financial Advisor to schedule a confidential appointment at 215- 497-7490 or via email

* Certain conditions may apply. Earnings in 529 plans are not subject to federal tax, and in most cases, state tax, so long as you use withdrawals for eligible college expenses, such as tuition and room and board. However, if you withdraw money from a 529 plan and do not use it on an eligible college expense, you generally will be subject to income tax and an additional 10% federal tax penalty on earnings. Investors should consider before investing, whether the investor’s or the designated beneficiary’s home state offers state tax or other benefits only available for investments in such state's 529 college savings plan. Such benefits include financial aid, scholarship funds, and protection from creditors. 529 plans offered outside their resident state may not provide the same tax benefits as those offered within their state.