529 Education Savings

For Advisors

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When it comes to saving for future education, there is no time like the present. A 529 savings plan powered by Vestwell can help you support your clients’ goals.

Offer advanced investment options

Provide access to investments that are not available through direct-sold college savings plans.

Actively manage client investments

Customize and tailor your investment strategy to suit your client’s unique timing and goals unlike generic offerings from government-sponsored programs.

Protect client best interests

Strategize financial aid options and avoid beneficiaries receiving less because of assets assessed at a higher rate with the Student Aid Index.

Mobile App

Employees can manage their account and savings on the go with the Vestwell mobile app. They can set contributions, adjust account details, and track progress anytime, anywhere.

529 Employer Contributions

Amplify savings for a loved one’s future education via direct employer contributions to 529 education savings plans.

Public Service Student Loan Forgiveness

Centralized resources and tools to navigate federal student loan forgiveness options, confirm eligibility, and track payment progress for employees in public service roles.

Take your clients’ 529 savings to the next level.

We support you every step of the way and provide a simple, white-labeled interface designed for seamless interactions and experiences across our advisor, employer, and saver portals.

Help clients start their employees on the road to financial wellness

Vestwell offers powerful solutions to reduce employee stress and increase financial security. Help employers make direct contributions to their employees’ 529 savings plans with College SaveUp.

What Is a College SaveUp Plan?

A College SaveUp plan is an employee benefit that enables employers to help their employees save for college by making direct contributions to a 529 college savings account held by the employee.

What Is a 529 Plan and What Education Expenses Can They Be Used For?

A 529 plan is a tax advantaged savings plan designed to help individuals save for college. 529 plans are sponsored by states and are named after Section 529 of the Internal Revenue Code. Each 529 account must have a designated beneficiary, who will incur the educational expenses and must meet relationship criteria to the account owner.

529 funds can be withdrawn federally tax-free as long as they are used for the designated beneficiary's qualified education expenses, including, but not limited to, tuition, fees, books, and room and board.

What 529 Plans Are Eligible to Receive Contributions From a College SaveUp Plan?

Currently, all direct-sold 529 plans are eligible plans. To receive contributions, you must have a 529 college savings plan approved by Gradifi. If you do not currently have an approved 529 account, you may open a new direct-sold 529 account and then register it with Gradifi.

How does Vestwell ensure data security and compliance?

Vestwell combines enterprise-grade security, rigorous compliance standards, and deep policy fluency to protect client data and ensure ongoing regulatory alignment.

Tuition Reimbursement
A benefit that reimburses employees for approved courses and skill development.
Emergency Savings
A secure way to save for life's unexpected expenses.
Traditional 401(k)
A flexible 401(k) plan with various employer contribution options.