PA 529 GSP $100 Match Incentive Details*
- All PA 529 Guaranteed Savings Plan (GSP) accounts are eligible to receive a match contribution of up to $100 per account.
- All contribution methods are eligible for the match contribution.
- Contributions must be received in good order between November 1, 2024, and December 31, 2024, at 11:59 p.m. (ET). Please note depending on your contribution method, it may take up to 14 business days for a contribution to be received.
- The minimum amount that will be matched is $1 and the PA 529 GSP will match your account contributions dollar for dollar up to a maximum of $100 per PA 529 GSP account.
- Recurring contributions, such as an ACH bank debit or payroll deduction, which are made on a recurring schedule are eligible.
- Example 1 – You have established automatic monthly contributions to your PA 529 GSP account from a bank account in the amount of $25 on the first of each month. The contributions received on November 1 and December 1 would qualify your PA 529 GSP account to receive a matching contribution of $50.
- Example 2 – You have two PA 529 GSP accounts and contribute $500 to each account as a one-time electronic contribution on November 15. You would be eligible for a match of $100 per PA 529 GSP account.
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Phone: 800-440-4000
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Email: PA529@patreasury.gov
Contact UsTreasurer Stacy Garrity Announces $100 Match for PA 529 Guaranteed Savings Plan Accounts
Families who save in their PA 529 GSP by December 31, 2024, can receive up to $100 in matching contributions
Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity today announced that families saving with the PA 529 Guaranteed Savings Plan (PA 529 GSP) may be eligible for up to $100 in matching contributions.
Contributions to new and existing PA 529 GSP accounts must be received between November 1, 2024, and December 31, 2024, to qualify for the match opportunity.
PA 529 GSP account owners should note that, depending on their contribution method, it could take up to 14 business days for a contribution to be received. For more details please read the PA 529 GSP disclosure statement.* The matching contributions will be funded by surplus earnings of the GSP fund.
PA 529 accounts are designed to help Pennsylvania families steadily and strategically save for a wide variety of qualifying educational expenses. There are significant state and federal tax benefits when saving with PA 529, and PA 529 assets do not impact eligibility for Pennsylvania state financial aid.
The PA 529 GSP allows families to save at today’s tuition rates to meet tomorrow’s tuition costs. Account earnings are based on college tuition inflation rates, and families can choose the tuition credit rate they wish to save at, from community colleges to Ivy League universities.
PA 529 has been helping families save for education for more than 30 years. There are more than 304,000 PA 529 accounts, including more than 113,000 PA 529 GSP accounts and more than 190,000 PA 529 IP accounts. Families currently have more than $8 billion saved for future education expenses.
To learn more about PA 529 and this match opportunity, email PA529@patreasury.gov or call 800-440-4000.
*To be eligible for the PA 529 Guaranteed Savings Plan (GSP) match incentive, all PA 529 GSP contributions must be received in good order between November 1, 2024, and December 31, 2024, at 11:59 p.m. (ET). Depending on your contribution method, it may take up to 14 business days for a contribution to be received. Match contributions will be posted to eligible PA 529 GSP accounts by March 31, 2025. Matching PA 529 GSP contributions will not exceed $100 per account.
