529 Incentive Program

The 529 Incentive Program was created to support families in saving for their young ones’ educations. We will match contributions made to a 529 plan up to $250 dollars per year, per beneficiary. The beneficiary of the 529 plan must be a TAC shareholder or a registered descendant per our eligibility requirements. Please read our full guidelines for details.

What is a 529 Plan?

A 529 plan is an investment account used to save for educational costs. It is similar to a retirement account, like a Roth IRA, which grows in value over time. Money can be withdrawn tax-free from a 529 plan if it is used to pay for qualified education expenses.

How can I start saving in a 529 plan?

Most states have a 529 plan available, including Alaska! These plans are also available through many investment brokers. We do not require the 529 plan to be with any specific state or broker.

Are there any rules on who can contribute to the 529 plan?

Most contributions made to a 529 plan are by relatives. We can also reimburse contributions to a 529 plan made by people other than the beneficiary’s family. We will not match contributions made by other organizations or governments.

To get started, please log-in and access the Iqyax Form, which contains this program and several others.