A 529 Education Savings Plan

Add Value to Your Employee Benefits Package with a
529 Education Savings Plan


A 529 Education Savings Plan with direct deposit is a voluntary benefit option that creates measurable value for you and your employees.


You Benefit

No Cost to You as an Employer
Few opportunities exist today to enhance your current benefits package without increasing your budget.


Free Employee Education Meetings
Sun Group Wealth Partners will assist with plan setup and conduct Employee Education and Enrollment meetings for free. We can also provide the following communication templates and resources: sample employee announcements, sample website and email communications and forms, employee information and enrollment kits, and new hire packages. We’re also happy to attend Education or Benefits Fairs to introduce the benefit to your employees.


Choose Among Professional Money Managers
Sun Group Wealth Partners provides you access to a selection of professional money managers to choose among to manage plan assets and administrative functions.

No Form 5500 or Plan Testing
Unlike a corporate retirement plan, there is no Form 5500 to maintain and no compliance testing or other time-consuming requirements that impact your HR department. The plan’s professional money manager is responsible for all plan administration and for generating account statements.


No Payroll Change or Reporting Requirements
Account contributions are made on an after-tax basis and have no impact on W-2 or other reporting. Payroll Direct Deposit set up is a simple three step process handled by the employee and conforms to your standard procedure for employee payroll deposits to checking or savings accounts. Employees set up their own accounts and select all account options online.


Your Employees Benefit


Tax Advantaged College Savings
Tax advantages savings combine with the ease of automated payroll deductions to make 529 Education Savings Plans a smart and easy way for parents or grandparents to save for a child’s education.


Continuing Education for Adults
Employees can use the plan to save for their own higher education or continuing education costs. Fields where individuals may benefit from tax advantaged continuing education savings include:


Accountants – CPA’s
Teachers and Professors
School Administrators


Healthcare Professionals


IT Professionals
Employer Services


Sun Group Wealth Partners Makes it Easy to Get Started Today

Sun Group Wealth Partners will meet with you to help you understand how the plan works, providing the information and resources you and your HR team require to quickly and easily establish this important benefit for your employees. Contact Sun Group Wealth Partners at (800) 213-5888 for more information or to schedule a meeting.

Learn more about us at www.sungroupwp.com.


You should consider a 529 Plan’s fees and expenses such as administrative fees, enrollment fees, annual maintenance fees, sales charges, and underlying fund expenses, which will fluctuate depending on the 529 Plan invested in and the investments chosen within the plan. Securities offered through LPL Financial, member FINRA/SIPC.
Investment advice offered through Sun Group Wealth Partners, Ltd., a registered investment advisor and a separate entity from LPL Financial.