Give Your Employees an Added Benefit: At No Cost to You

Thank you for your interest in the Mississippi Affordable College Savings Program (MACS). We are pleased to provide you with an online Employer Payroll Deduction Guide designed to help you establish and successfully promote the payroll deduction feature for MACS to your employees.

With your interest in establishing the payroll deduction feature for MACS, you are helping your employees take the first step in becoming better prepared for future education expenses. MACS offers various tax advantages and flexibility in order to help employees begin the important process of saving for higher education. The payroll deduction feature makes saving even more convenient for your employees and requires a minimal amount of work from you, the employer.

The second step of this process rests with us. We are here to provide education about MACS in a variety of ways. We are available, at no cost to you, to host on-site employee seminars, online web-based presentations, or attend employee benefit fairs to educate your employees about MACS and its many benefits. There are other employer resources available to you, again all at no cost to you, such as posters and table tents, which are perfect for the cafeteria and other common areas. Using these resources can help more employees to take advantage of this benefit.

Employer Benefits and Advantages of Offering Payroll Deduction

• Simple to administer and a low-cost way to provide a valuable benefit to employees
• Helps maintain your 401(k) Plan and other employer-sponsored savings programs by providing another way to help pay for higher education costs
• Has no effect on other benefit programs offered
• Requires no W-2 adjustments of 5500 administration
• Facilitates an educated workforce

1. Mississippi Affordable College Savings Program Information Brochure
   The brochure provides a full overview of MACS including the potential benefits of saving in a 529 Plan, the advantages of starting early and the Mississippi state income tax deduction. Additional brochures can be ordered at no cost by calling 1-800-486-3670.
2. Program Disclosure Booklet
   The Program Disclosure Booklet, which is similar to a prospectus, provides detailed information about MACS. It is included in the MACS Enrollment Kit for individuals to read before opening an Account. Enrollment Kits can be ordered at no cost by calling 1-800-486-3670.  
3. Sample Seminar Flyer
   The sample flyer can be used to assist you in promoting on-site employee seminars, benefit fairs, and online web based meetings. This resource is available to you at no cost.  
4. Sample Newsletter Article
   The following articles, Employer Newsletter Article for Employers Offering Payroll Deduction and Employer Newsletter Article for Employers Not Offering Payroll Deduction, can be copied and reprinted in your internal employee communications to inform employees about the Plan. You can also print either article and post it on your company website. 
5. Electronic Mississippi Affordable College Savings Program Advertisement
   The MACS advertisement can be e-mailed to your employees or included in other employee communications. Click here to request a PDF of the MACS advertisement. 
6. How to Administer Payroll Deduction Guide
   The How to Administer Payroll Deduction Guide outlines the responsibilities of the employee, the employer and the Plan to ensure that the process runs smoothly. 
7. Sample Payroll Deduction Authorization Form
   The employee (Account Owner) is required to complete the Payroll Deduction Authorization Form in order to establish payroll deduction contributions into a MACS account. The MACS Enrollment Kits and additional Payroll Deduction Authorization Forms can be obtained by calling 1-800-486-3670.