GOOD NEWS FOR EMPLOYERS!Arkansas employers can receive a business tax deduction of up to $500 per employee match into an Arkansas Brighter Future 529 Plan

Why partner with us?

As employers, your goal is to offer a suite of benefits to your employees that is attractive to them yet cost-effective for you. By adding the Arkansas Brighter Future 529 Plan via payroll direct deposit, you can offer support to your employees with as little as $5 deducted per paycheck per person.

Business Deduction

Arkansas employers can receive a business tax deduction of up to $500 per employee match into an Arkansas Brighter Future 529 Plan account.

Employee Loyalty

Adding the plan to your benefits package shows your company’s commitment to education when paired with other employee benefits such as tuition reimbursement.

Easy to Administer

There are no extra administrative duties to incorporate the Plan, and there are no ERISA or Form 5500 requirements.

Differentiation

The Arkansas Brighter Future 529 Plan can help employees save for an important goal in their life directly through their paycheck.

It’s good for you and your employees!

Employees who open and contribute to an Arkansas Brighter Future 529 Plan account are eligible to deduct up to $5,000 (up to $10,000 for married couples making a proper election) for contributions from their Arkansas adjusted gross income.1

They can also contribute to their Arkansas Brighter Future 529 Plan account via payroll direct deposit for as little as $5 per account per pay period.

Their earnings grow tax-deferred, investment options are professionally managed, and the account owner can continue to contribute when or if their employment ends.

Interested in getting in touch?

To learn more about offering this benefit to your employees, please contact:

Fran Jansen
Director, Arkansas 529 Programs & Financial Education
Treasurer of State’s Office
1401 W. Capitol Avenue, Suite 275
Little Rock, AR 72201
fran.jansen@artreasury.gov
501.682.5888

1Arkansas taxpayers can deduct up to $5,000 (up to $10,000 for married couples making a proper election) of your Arkansas Brighter Future Direct Plan contributions from your Arkansas adjusted gross income, with any unused excess contribution in a tax year being carried over to the next succeeding four tax years, beginning January 1, 2017.