FINANCIAL WELLNESS 63 ScholarShare® College Savings Plan 529 plans are flexible, tax-advantaged accounts designed specifically for college savings. The ScholarShare® College Savings Plan is California's 529 Plan. Established in 1999, it is sponsored by the ScholarShare Investment Board, an agency of the State of California. The plan provides parents, grandparents, and others a tax-advantaged way to save for a child's college education. Quick Facts OPTIONS • You select the amount to save ENROLLMENT/CHANGES • Y ou may enroll or make contribution changes at any time by calling ScholarShare at 800-544-5248 RESOURCES • ScholarShare 800-544-5248 or www.scholarshare529.com for questions Note: Scripps is not a plan sponsor or fiduciary for ScholarShare College Savings Plan, and it is not covered under ERISA. Scripps does not endorse, recommend, or guarantee this coverage or the accuracy of any of the statements made in the vendor’s printed materials or website. The features of the ScholarShare® College Savings Plan include: • Tax-deferred investment earnings • Federal income and California state tax-free distributions (when used for eligible college expenses) • A wide range of portfolios available for your investments • High contribution limits • No income restrictions • Funds can be used for qualified higher education expenses at virtually all accredited colleges nationwide and eligible international institutions Once you have established your ScholarShare® College Savings Plan account, you may make contributions via direct deposit through payroll deduction. For more information, visit www.scholarshare529.com, or call ScholarShare at 800-544-5248.
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