Education Savings - 529 Plan (Learning Quest)
The Kansas Learning Quest Education Savings Program is established by the State of Kansas and administered by the Treasurer of the State of Kansas. American Century Investment Company is the program manager for employee investments. These investment plans, sometimes called 529 plans, offer tax-deferred earnings growth and potentially reduced taxes on withdrawals. Contributions are made on an after-tax basis for the benefit of named beneficiaries.
When Eligible: Any employee – benefits-eligible or non-benefits-eligible – may begin participating on the first day of employment.
Who Pays: The employee contributes after-tax dollars up to the individual maximum. The University makes no contribution to this plan.
Is there a minimum contribution amount: You must allocate a minimum of $25 per month for each account.
How do I enroll: Complete the Learning Quest Payroll Direct Deposit Change or Enrollment Form (pdf) and send it to Learning Quest, P O Box 29202, Shawnee Mission KS 66201-9202
Once LearningQuest has created an account(s) for you, they will forward a payroll reduction authorization to the University. It will take effect as of the following payroll period.
What if I need to change my direct deposit amount: You can start, stop, or change it at any time. You will need to complete a new form and send it to Learning Quest.
Form: Learning Quest Payroll Direct Deposit Change or Enrollment Form (pdf)
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