Contact your payroll provider for 529 college savings plan advice

Most payroll outsourcing companies also provide for benefits administration, so they can easily integrate a 529 college savings plan with your current benefits package. Checking with your HR or payroll vendor first can save time when shopping for a plan. The new benefit feature can be quickly and conveniently added to your existing list of services.

I recommend: ADP allows your employees to make contributions to their 529 college savings plan via payroll deduction. They offer two different education plans that can be integrated with your company benefits package. AmCheck gives your employees access to nationwide 529 plans. You can request a quote online and receive information back within one hour.

Find a specialist to help with 529 college savings plan

Seeking the advice of a 529 college savings plan consultant is a wise course of action if you are unfamiliar with the program. The consultant can give you specific guidance on choosing a plan and provide 529 college savings plan training for your employees.

I recommend: One such comprehensive source of 529 college savings plan information is 401kid. They will provide your staff with access to all 529 plans, planning calculators, educational material and a benefits specialist. Dugan & Lopatka handles all the paperwork and administration for their 529 plan. Their representative will conduct an on-site visit to train your employees and offer 529 college savings plan advice on their selections.

Compare state 529 college savings plan information

Each state has their own 529 college savings plan, and each state offers unique features. While the 529 plan in your home state likely offers certain tax advantages, many states allow non-residents to participate in their programs and offer features to offset the tax benefit you lose. By comparing the 529 college savings plan information by state you will find the best fit for your firm.

I recommend: Ohio's plan, CollegeAdvantage, offers Ohio state tax deductions, nationwide eligibility and low fees. Employees have complete control of their accounts through a convenient online portal. MOST, Missouri's 529 plan, is open to all U.S. citizens, has a low initial investment, low fees and easy enrollment. Their affiliation with Upromise Rewards allows your employees to earn free money to add to their accounts.