Manufacturers Life Insurance Co. is offering employers a new service that will allow their employees to automatically invest in a 529 college savings plan.
Called College Savings Employee Select, the new service allows investors to choose from seven 529 plans offered by:
"By including both a college and retirement savings option in their benefits program, employers offer a powerful incentive to attract and retain good employees," said Kendall Kay, chief strategy officer of group pensions for Manulife.
