Below is information on each partner participating in America Saves Week.
529 College Savings Plan
Edvest
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 some institutions abroad.
Visit the Edvest website for more information.
Credit Unions
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, 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 be here for you.
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. We 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. Over the past 90 years our membership has expanded beyond university campuses to include communities all over the state and across the globe but we still remain committed to supporting members’ financial well-being, lifting up communities through sustainable practices, and empowering individuals to thrive.
Visit the UW Credit Union website for more information.
Employee Assistance Program (EAP) Provider
Acentra Health (formerly Kepro)
Acentra Health is the Universities of Wisconsin Employee Assistance Program (EAP) provider for most institutions. The EAP provides you and members of your household with confidential resources to address personal/work-related concerns, assist with legal/financial situations or help with work-life balance. Access to EAP services is employer-paid. You do not need to be enrolled in the State Group Health Insurance Program to use the EAP services.
For more information on the EAP, review the Universities of Wisconsin 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 Universities of Wisconsin through third-party administrators, Fidelity and TIAA.
Visit the UW 403(b) Supplemental Retirement Program (SRP) web page for more information.
Fidelity
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
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) 457 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 Universities of Wisconsin Employee Benefits website Wisconsin Deferred Compensation (WDC) 457 Program web page for more information.
Empower
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 support. We strive to meet the unique needs of everyone we serve and embrace the opportunity to inspire them along their journey.
Updated: 03/15/2024