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Employee Benefit News
More than half (56%) of millennials saving for college are still paying back their own student loans — an indication that those who have experienced the burden of student loans want to prevent their children from having to deal with similar circumstances in the future.
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The Montley Fool
529 savings plans are one of the most valuable tools available to families who want to save money to cover college expenses of their children or other loved ones.
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Almost Millions
Gradvisor helps companies around the United States set up 529 education savings plans for their employees, and he has some great advice for freelancers and small businesses too.
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Forbes
80% of parents don’t know what a 529 plan is, and 60% of those saving for college don’t use one. This Miami startup is trying to change that.
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The Gradvisor platform takes into consideration an employee’s risk tolerance, financial situation and household tax filing when determining the best 529 plan for them.
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Reuters
"There are more employers that offer pet insurance than college savings opportunities," said Marcos Cordero, chief executive at Gradvisor, a 529 benefit consultant.
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Venture Beat
Gradvisor streamlines the whole (529 plan selection) experience and offers support to determine which plan is best for you, offering personalized care.
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The Miami Herald
Gradvisor users save earlier, starting when their child is age 5 rather than 7, and they save more -- $236 per month vs. $175 per month -- than non-users.
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The Wall Street Journal
Employees can go to Gradvisor’s website for customized advice on which direct-sold 529s might best suit their needs and how much to save per paycheck. They also can track their investments, adjust contributions and speak with a financial adviser for no additional charge.
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April 26, 2017
San Diego firm launches employee benefit program to foster financial wellness; partners with Student Loan Genius and Gradvisor
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