Savings Plan Options

College Savings/ 529 program

Employees can join a voluntary Section 529 savings program to save for higher education costs. The university participates in Missouri's MOST (Missouri Saving for Tuition) plan, allowing employees to set aside money for qualified expenses like tuition, fees, books, supplies, and room and board.

Eligible institutions include accredited postsecondary schools offering degrees or credentials, including certain vocational and foreign institutions.

Funds in the MOST account can be used by any designated beneficiary, with no restrictions on age, relationship, or residency.

How to use this benefit 

Employees may open a MOST account with a minimum investment of $25. Contributions can be made when convenient or on a recurring basis.

More information about the MOST program, including the tax advantages to Missouri residents, can be found on the Missouri MOST website.

Enrollment kits are also available in the office of human resources.

Forms and publications

• Getting Started | MOST 529 (missourimost.org)

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Educational Community Credit Union

Since 1938, Educational Community Credit Union (ECCU) has been helping members build long-term financial security. The ECCU is founded on the philosophy of "people helping people," and this is what makes ECCU different. ECCU is a member-owned, not for profit, financial institution.

Publications

• Loans Brochure 1
• Loans Brochure 2
• General Brochure

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MOABLE

MOABLE, powered by the ABLE Act, lets individuals with disabilities create tax-advantaged accounts for health, independence, and quality of life. Qualified families can save and invest up to $15,000 per year without losing federal benefits like Medicaid or SSI. Previously, individuals could only save $2,000 before losing needs-based benefits.

For more on ABLE accounts, click here.

Who is eligible?

• An “eligible individual” is someone whose disability began before the age of 26, has been living with their disability for at least one-year, or expects their disability to last for at least a year.
• An individual must also do one of the following; be eligible for SSI or SSDI; have a condition listed on the Social Security Administrations List of Compassionate Allowances; or Self-Certify the diagnosis.
• Visit MOABLE.com/eligibility to take a quick and easy eligibility quiz to learn more.

How do I open an account?

• Open an account online at MOABLE.com
• You can open your account with as little as $50.00