New Employee Benefit: Help With Saving for College

Automatic payroll deductions fund 529s, and some bosses kick in cash.

As the cost of college rises, some employers are making it easy for workers to stash away cash for their kids’ education. A small but growing number of companies allow workers to fund 529 college-savings accounts with direct withdrawals from their paychecks. And some companies sweeten the deal, matching employee contributions.

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Kaitlin Pitsker
Associate Editor, Kiplinger's Personal Finance
Pitsker joined Kiplinger in the summer of 2012. Previously, she interned at the Post-Standard newspaper in Syracuse, N.Y., and with Chronogram magazine in Kingston, N.Y. She holds a BS in magazine journalism from Syracuse University's S.I. Newhouse School of Public Communications.