Edusave was born out of real-life experience.
Our Story and Values
529 Plans are a tax-free way to save for education and avoid student loan debt. But the large number of 529 plans in the market and the volume of investment options they offer coupled with the varying tax incentives offered by the state plan sponsors creates a level of complexity that is almost insurmountable. With more than one hundred 529 plans and thousands of investment options to choose from, there is no one-size-fits-all solution.
Surveys consistently show that employers seek an efficient way to promote education savings, reduce employee financial stress, and attract and retain top talent to grow the bottom line. Employees report that saving for education and avoiding crippling student loans are top household concerns. Edusave was created to meet the needs of employers and employees alike.
To empower individuals and businesses to achieve their greatest potential through advice-driven education savings solutions.
Edusave's company values revolve around the following four pillars of Discipline, Empowerment, Inclusivity, and Guidance
How we do it
Through advice-driven education savings solutions, the unique Edusave platform enables employers to offer 529 education savings plans to their employees. Edusave recommends an appropriate 529 plan and the best investment option within that plan for each individual based on information he or she provides. Our platform then enables enrollment in the plan, facilitates contributions and withdrawals, and lets the account owner track performance through his or her dashboard. And all of this is available via the web or our mobile app so that employees can check and manage their account on the go. We also provide the employer with a dashboard to show key metrics and the value of this financial wellness benefit.