Dun & Bradstreet Credibility, a credit reporting and monitoring firm for businesses, announced last Friday that it will now offer a 529 college savings plan match to its 600 employees, just like many companies match 401(k) contributions. They are the first U.S. company to provide such a perk to employees.
The company will match annual contributions up to $2,500 for salaried workers and $1,000 for hourly employees, dollar for dollar.
A 529 college savings plan lets you deposit money for college expenses, and the funds are exempt from federal tax if they go directly toward qualifying education costs like tuition.
Read more at CNN Money.