529 College Savings Plan

529 plans provide a solution to education expenses for families, and help make saving for the rising cost of education a little easier. 529 plans, named after the federal tax code that governs them, are flexible college savings programs that offer unique features and tax advantages not available through other existing programs. Families can participate in 529 plans regardless of their income. Owners have full access to and maintain control of their accounts, benefiting from tax-deferred growth and tax-advanataged withdrawals for qualified distributions. 529 plans also offer generous gift and estate tax features that make them an attractive funding option.