NEW! IDeal 529 Plan benefits employers for helping their employees save.
Attracting and retaining employees is key to the success of any business, big or small. At IDeal we make it easy to offer 529 educational savings as a benefit which can help your employees reach their educational goals just a little bit easier. When you invest in their future the return is compounded. It’s simple, it’s impactful and it can set your business apart from the competition.
How 529 saving can work for your company:
- Offer IDeal 529 as a free benefit with employee payroll direct deposit. Help your employees put their educational savings on auto-pilot. We manage everything for you, and it’s free and easy for you and for them. There are no administrative fees and only a $15/month minimum contribution requirement.
- Contribute directly to your employees’ IDeal 529 accounts. Make a bigger commitment to your employees and the next generation – and get an Idaho state employer tax credit for doing so!
- Award community scholarships through IDeal. Do you have student competitions, scholarships or philanthropic funds that you would like to ensure are used for education? We have several programs designed to highlight the educational or work-related efforts that align to your business’ values.
We are here to help you succeed! Idaho employers can also benefit from tax incentives with a 20% state tax credit given for direct contributions to their employees’ IDeal accounts. The employer tax credit is capped at $500 per employee, per year.1
Let us walk you through the process and answer your questions. Learn more