529 College Savings Plan

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The 529 Education Savings Plan is offered by Fidelity Investments. This plan offers all County employees a way to invest in their children's and grandchildren's education. The minimum bi-weekly deferral is $25 and is deducted on an after-tax basis. You must contact Voya Financial to participate in the plan.


Website: cosb.beready2retire.com

Voya Customer Service: 909.748.6468 or 800.452.5842


Potential Tax Advantages

This plan offers tax-deferred growth of any earnings and tax-free withdrawals for qualified higher education expenses such as room, board, and tuition.


Control and Flexibility

The owner of a 529 plan controls the assets in the account, even after the beneficiary turns 18. There are no income restrictions and account assets can be used at most accredited colleges and universities.


Additional Advantages

The advantages to the Fidelity 529 Education Savings Plan are:

  • Ability to accept bi-weekly payroll deductions
  • Low investment management fees
  • Low annual account fees
  • Quality and quantity of investment options

Resources

Plan Advantage Flyer             Investor Brochure                 


Contact

For more information or to schedule an appointment with a Voya representative, contact the local Voya office at 909.748.6468. This benefit does not have an Open Enrollment period so employees can enroll at any time.          


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