• Guide for Employers
• Print our plan brochure
• Disclosure Booklet
• Payroll Deduction Form
• Schedule a free phone or in-person consultation
• Order enrollment materials

Payroll Deduction

For Employees

Resources:

• Payroll Deduction Form
• Instruction Guide for Payroll Deduction

If your employer offers payroll deduction, you can contribute to your Minnesota College Savings Plan from your paycheck for as little as $15 per pay period. You can stop, start or change your deduction amount at any time.

If you leave your employer, contributions will automatically stop You can contribute via payroll deduction at your new employer if they offer this benefit. You can also choose to add contributions to your account anytime by personal check, setting up an automatic contribution plan from your checking/savings account, or contributing online through electronic funds transfer. Family members and friends can also make a gift contribution to your beneficiary.

To set up payroll deduction, please download the Employee Payroll Deduction Instructions.

For Human Resource Professionals

Resources:

• Instruction Guide on How to Set Up Payroll Deduction for Your Employees

You can give your employees an added benefit, at virtually no cost to your company, by offering your employees the convenience of contributing to the Minnesota College Savings Plan through payroll deduction. It’s easy for you to administer and flexible for your employees:

• It's simple to administer and a low-cost way to provide a valuable benefit to employees.
• There are no set-up costs or contracts to sign.
• Contributions are made after-tax so W-2 adjustments or 5500 administration is required.
• You can stop or start payroll deduction as a benefit for employees at any time.
• There are no open enrollment periods.

To set up payroll deduction, please download the How to Administer Payroll Deduction Guide.

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