Listed below is information on each partner participating in America Saves Week.
College Savings Plan
Edvest is Wisconsin’s 529 College Savings Plan. The 529 College Savings Plan allows you to save for your child’s (or anyone’s) K-12 education expenses and post-high school education. Funds can cover tuition, books, room and board, computers, tablets, and many other expenses. This may be funds for universities, colleges, professional schools, technical colleges, graduate programs across the country and even at some institutions abroad.
Visit the Edvest website for more information.
Summit Credit Union
At Summit, we’re all about helping you turn wishing, waiting and wondering into planning, doing and experiencing. We offer the basic products you want, like checking and savings accounts, credit cards and loans. And we go one step further, providing financial guidance, education, tools, one-on-one coaching and innovative programs to empower you to own your financial life wherever you are in your journey.
Anyone can join Summit Credit Union, and once you’re a member, you’re a member for life. If you move, retire or change jobs, we’ll always be here for you.
And finally, since we’re a not-for-profit financial cooperative, all of our earnings are redistributed right back to our members. Think higher interest rates on savings, lower rates on loans and Cash Boomerang, our patronage dividend to members.
Visit Summit Credit Union website for more information.
UW Credit Union
UW Credit Union was founded on the simple belief that everyone deserves financial strength. They are a full-service, member-owned financial institution dedicated to helping individuals reach their goals. Founded in 1931 by professors and academics at UW-Madison and over the past 90 years their membership has expanded beyond university campuses to include communities all over the state and across the globe but they still remain committed to supporting members’ financial well-being, lifting up communities through sustainable practices, and empowering their employees to thrive.
Visit the UW Credit Union website for more information.
Employee Assistance Program (EAP) Provider
Kepro is the UW System Employee Assistance Program (EAP) provider for most institutions. For more information on the EAP review the UW System EAP web page.
UW 403(b) Supplemental Retirement Program (SRP) Providers
The UW 403(b) Supplemental Retirement Program (SRP) allows employees to invest a portion of their income for retirement on either a before-tax basis, an after-tax (Roth) basis, or a combination of both. Participation in the program is voluntary; employees make the entire contribution. There is no employer match. The SRP program is administered by the UW System through third-party administrators, Fidelity and TIAA.
Visit the UW 403(b) Supplemental Retirement Program (SRP) web page for more information.
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $9.6 trillion, including discretionary assets of $3.6 trillion as of September 30, 2022, we focus on meeting the unique needs of a diverse set of customers. Privately held for over 75 years, Fidelity employs more than 60,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-company.
TIAA was founded in 1918 to help teachers retire with confidence. It has grown to become the #1 retirement provider in the not for profit market as measured by assets and participant accounts.
Due to TIAA’s unique ownership structure, it has been able to share more than $81 billion in profits with its clients since 2000. Their mission is to create reliable income for the future while you work to make a difference today.
For more about TIAA, visit https://www.tiaa.org/public/tcm/uwsa/why-tiaa
Wisconsin Deferred Compensation (WDC) 457b Program
The Wisconsin Deferred Compensation Program (WDC) 457 Program is a supplemental retirement savings program. Through the WDC program employees can invest a portion of their income for retirement either on a pre-tax or post-tax (Roth) basis or a combination of both. Participation in the program is voluntary; employees make the entire contribution. There is no employer match. The WDC program is administered by the Department of Employee Trust Funds (ETF) through a third-party administrator, Empower.
Visit the UW System Wisconsin Deferred Compensation (WDC) 457 Program web page for more information.
Built on a foundation of trust, integrity and promise, Empower proudly serves over 70,000 outstanding organizations and more than 17 million individuals as of September 30, 2022. Empower takes great pride in helping people with saving, investing and advice, while providing them with the tools and resources they need to help reach their financial goals. Empower is continuing to grow — and innovate — every day.
Empower’s sole focus is on helping Americans achieve the future they imagine. That mission starts by delivering advice, personalized guidance and critical support. We strive to meet the unique needs of everyone we serve and embrace the opportunity to inspire them along their journey.