On October 28, 2019, MNSAVES changed to a new administrative platform.
Any direct deposit contributions established under the old record keeper will be rejected and returned unless direct deposit contributions are re-established. Impacted account owners who contribute through payroll direct deposit should have received a letter containing instructions to update payroll instructions. If you did not receive this letter, please contact us at 1-877-EDU 4 MN (1-877-338-4646).
College Savings Made Easy
Great news! The Minnesota College Savings Plan (MNSAVES) is available as an employee benefit. You’re probably familiar with 401k or 403b plans for retirement. An MNSAVES account is similar, but it’s used to save for higher education. With low fees, and tax advantages for Minnesota residents, MNSAVES makes saving affordable. (*Limitations apply.) Because contributions can be made directly from payroll with direct deposit, it’s simple, too.
It only takes about 15 minutes to enroll. So let's get rolling!