Utilize a 529 plan for education savings — now including postsecondary credentialing expenses
Does your company foster a culture of educational attainment? Do you provide tuition assistance or student loan repayment options for your employees? If so, consider including my529, Utah’s official educational savings plan, as an additional offering. my529 offers a tax-advantaged way to invest for a child, grandchild or even your own qualified education expenses. It’s free to get started and there is no ongoing contribution requirement.
In July 2025, the 119th Congress passed H.R. 1, a new law containing provisions that impact 529 plans, including an expanded definition of qualified education expenses that includes qualified postsecondary credentialing expenses. This is a huge boon in the adult education space, providing a great means for employees to upskill — offering value to your employees and your organization.
In addition, once certain conditions have been met, leftover funds (up to $35,000) in a 529 plan can be rolled over to a beneficiary’s Roth IRA, creating even more flexibility for those utilizing 529s.
my529 was established in 1996 and has been growing ever since, positioned today as one of the top direct-sold 529 plans in the nation. As an employer, you can invite my529 to booth at your benefits/health fair, share my529 info or post my529’s logo on your benefits page with a link to our website at no cost to you. We also offer a payroll direct deposit option for recurring contributions, if your company can facilitate it. More information can be found on our employer resource page. You can also reach out directly to employer@my529.org.
