529 College Savings
Introducing a New Employee Benefit!! Everyone can Participate!
Saving for College just got easier!
Hoss's and Marzoni's has established a relationship with Forney Financial Solutions,
LLC, who will make available to all of Hoss's employees the opportunity
to enroll in an employer-sponsored 529 College Savings Plan. The
plans that will be available are the Virginia Plan through American
Funds and the Alaska Plan through Manulife Financial. The benefit
of participating in an employer-sponsored 529 plan is that you
will have access to e-class shares that have significantly lower
costs than if you would enroll in a 529 college savings plan on
These two college savings plans allow you to make systematic
investments to cover the increasing costs of education and enjoy
completely tax-free growth. Under the current tax law, all money
withdrawn from the plan for qualified education expenses is free
from federal taxes. You may contribute money toward any beneficiary
in your family, including yourself! You retain control over the
account, so the beneficiary can't take his/her college nest egg
and spend it on something else. The money can be used for any
qualified college expense, including housing, food, supplies,
and tuition. If the money is spent on these qualified college
expenses, it's federally tax-free! (The Virginia plan may have
additional tax advantages if you live in Virginia and take advantage
of the plan. Ask Forney Financial about these advantages.)
The two plans offer different savings options. Manulife allows
employees to enroll in the payroll deduction option. This option
is best for employees who have consistent paychecks with net earnings
that will sustain the payroll deduction. The American Funds program
will draft directly from your checking or savings account each
month. Forney Financial Solutions will help you choose the plan
that is best for you and your personal financial situation.
If you would like more information on 529 college savings plans,
You can also visit www.americanfunds.com
TO ENROLL CONTACT:
Forney Financial Solutions, LLC
3018 Pleasant Valley Blvd.
Altoona, PA 16602
1-888-9-FORNEY or 814-944-8474
If you have benefit questions, please contact us at firstname.lastname@example.org
1-800-621-0270 Ext. 3339.