Path2College 529 Plan

Frequently Asked Questions - Payroll Deduction: Employees

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How do I start a payroll deduction with the Path2College 529 Plan?
First, check with your employer (Human Resources or Payroll department) to see if they offer payroll deduction to the Path2College 529 Plan. If they do, complete the Authorization for Automatic Payroll Deduction form (PDF, 51KB). Follow the instructions on the form to submit to your employer and to the Path2College 529 Plan. If your employer does not currently offer payroll deduction to the Plan, ask them to call us toll free at 1-877-424-4377 for information on how to participate. If your employer chooses not to participate, you may want to consider an Automatic Contribution Plan (PDF, 50KB) (money taken directly from a checking or savings account).

What is the minimum contribution amount for payroll deduction?
The minimum per pay period per investment option is $15.

Who do I contact for general questions about payroll deduction?
Please call us toll-free at 1-877-424-4377. We're available 8:00 am to 11:00 pm Eastern Time.

Are payroll deductions taken from my paycheck pre-tax?
Per federal law, contributions made through payroll deduction are made on an after-tax basis.

What do I do if I change employers?
If your new employer participates in the payroll deduction program, you may establish new payroll deduction contributions to your account(s). Or you may elect to establish an Automatic Contribution Plan (PDF, 50KB) directly from your bank account in order to avoid any interruption to your regular investing. Please call us toll-free at 1-877-424-4377 for more information.

 

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WE'RE HERE TO HELP
Have a question you don't see listed? Need clarification?

Call us toll-free at
1-877-424-4377

We're available 8:00 am to 8:00 pm Eastern Time.

Don't forget you can set up an Automatic Contribution Plan (PDF, 50KB) or use Payroll Deduction (PDF, 51KB) for your contributions (if offered by your employer).

PDF files require the free Adobe Acrobat Reader. Get it here.

Access our glossary for the meanings of terms used throughout this site.

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The Path2College 529 Plan is offered by the State of Georgia. TIAA-CREF Tuition Financing, Inc. (TFI) serves as Program Manager. TFI's affiliates, Teachers Personal Investors Services, Inc. (TPIS) and TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distribute the Path2College 529 Plan.

The tax information contained on the Path2College 529 Plan Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

The investment approaches described are not recommendations and do not take into consideration personal goals or preferences. After evaluating information you consider important in making an investment choice, the ultimate decision is up to you. It is a good idea to revisit your investment strategy periodically as your goals, personal financial situation, and market conditions change.

Consider the investment objectives, risks, charges and expenses before investing in the Path2College 529 Plan. Please call toll-free 1-877-424-4377 for a Disclosure Booklet containing this information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

The State of Georgia, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return except for TIAA-CREF Life Insurance Company's guarantee to the Board of the Georgia Higher Education Savings Plan under the funding agreement for the Guaranteed Option. Account value will fluctuate based upon a number of factors, including general market conditions.

The Path2College 529 Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Booklet

The Path2College 529 Web site contains links to other Web sites. Neither the Board of the Georgia Higher Education Savings Plan nor TIAA-CREF Tuition Financing, Inc. and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

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