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College savings plans, available under Section 529 of the IRS Code, help employees save for children's higher education in a tax-advantaged manner. By partnering with several providers of state-sponsored plans, Morgan Stanley Smith Barney can offer employees a network of college savings programs on one platform. The 529 site on Morgan Stanley Smith Barney Benefit Access features:
Corporate Portal: Customized for the employer, the 529 portal lists Morgan Stanley Smith Barney Financial Advisors in numerous states. These Financial Advisors are available to provide 529 seminars and education to local employees. The portal also features plan documents and forms.
Online Enrollment* (Open Enrollment): Offers employees a quick, easy way to enroll in the plan.
Automated Funds Transfers: Employees can systematically contribute from
their checking or savings account.
Online Account Information: Provides account balances and investment information.
Plan Comparison: Allows the employee to "shop" and compare the advantages of more than 14 state programs.
*Currently only the Ohio CollegeAdvantage Plan offers online enrollment.
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