Adding IDeal to your benefits package is a no-cost, low-effort way to attract and retain employees by offering an education benefit. With minimal HR involvement, it lets employees save for education goals through convenient payroll direct deposit.
Value for Employers
As an employer, you want to offer a competitive suite of benefits while keeping administrative costs at a minimum. IDeal can help. 75% of employees rank 529 education savings and student loan benefits amongst the top three desired employer benefits overall.* When you offer IDeal as a benefit, you can give your employees the opportunity to help their children, grandchildren, or even themselves have a better future.
*Gift of College, 2020 “Paying for College” Survey.
Easy to set up and control
Adding payroll direct deposit with IDeal is hassle-free, with no extra costs or reporting requirements. Starting is as easy as deciding to offer IDeal as a benefit. Contact us and then we will come in to educate employees about the program. We will even add $50 to any new direct deposit accounts your employees set up for participating employers. Want to learn more about how to become a participating employer?
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Additional benefits for your business
Contribute to your employees’ accounts—get a 20% tax credit. Idaho is one of a handful of states that offer this state tax credit to employers.
It’s easy to manage and fund. You can do this in several ways—for example:
Questions? Ready to get started? Schedule time with Nick Thiros, an Idaho-based representative of the IDeal Plan. He is available to provide virtual and on-site support to both you and your employees.
Senior Institutional Relationship Manager
Phone: 208-488-9879
Email: nickolas.thiros@idaho529.org
As we try to find ways to make our employees’ lives better, certainly one of those is helping each generation move a little further in regard to education. The benefit of the 529 program is keeping overall education moving forward. The more that companies in Idaho embrace this, the better our communities will be served by having a more educated populace.
Dodds Hayden, CEO, Hayden Beverage
Clearwater Financial values investing in the education of our employees and their families. Our mission of “Helping Individuals and Governments Achieve their Potential” includes our employees as our talented team is the way we help our municipal clients achieve their goals. We are grateful for the IDeal, Idaho Education Savings Program’s Employer Tax Credit Program. It is the perfect way for us to support our employees, which in turn helps us be the best municipal advisors to our government clients.
Cameron Arial, President and CEO, Clearwater Financial
Individuals have not received compensation for their testimonial. The views and opinions expressed are those of the individuals and do not reflect the experience of other IDeal customers or guarantee future performance or success.
