Hartford Investor

[+] Feedback

Change Base Text Size

Payroll Direct Deposit

SMART529 account owners now have the option of deducting money directly from your paycheck and deposited into your accounts. Your employer must support this feature so ask your human resources representative.

Getting Set Up
  1. Download Payroll Direct Deduct Form to establish, change or delete payroll direct deposit instructions. Complete the form and mail it back to the address on the form. We will then send you a confirmation statement by mail that you must sign and submit to your employer's payroll department.
  2. Log in image to your SMART529 account and select Investment Management from the left hand navigation, then link to Payroll Direct Deposit and follow the instructions.
  3. You will be instructed to print out a confirmation statement that you must sign and submit to your employer's payroll department.
Good to Know
  • $15 minimum deduction
  • Contributions are paid with after tax dollars

MUN 101152

Updated 07/28/2010
image

SMART529 is offered by the West Virginia College Prepaid Tuition and Savings Program
Board of Trustees and is administered by Hartford Life Insurance Company.

 image

 

You should carefully consider the investment objectives, risks, charges and expenses of SMART529 and its Underlying Funds before investing. This and other information can be found in the Offering Statement for SMART529 and the prospectuses or other disclosure documents for the Underlying Funds, which can be obtained on SMART529.com or by calling 866-574-3542. Please read them carefully before you invest or send money. SMART529 is distributed by Hartford Securities Distribution Company, Inc. Member SIPC.

If you reside in or have taxable income in a state other than West Virginia, you should consider whether your state has a qualified tuition program that offers favorable state income tax or other benefits exclusive to your state’s program that are not available under the SMART529 program.

Non-qualified withdrawals are taxable as ordinary income to the extent of earnings and may also be subject to a 10% federal income tax penalty. Such withdrawals may have state income tax implications.

Investments in SMART529 are not guaranteed or insured by the State of West Virginia, the Board of Trustees of the West Virginia College Prepaid Tuition and Savings Program, the West Virginia State Treasurer’s Office, Hartford Life Insurance Company, The Hartford Financial Services Group, Inc., the investment sub-advisors for the Underlying Funds or any depository institution and are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors.

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.


“The Hartford” is The Hartford Financial Services Group, Inc. and its subsidiaries.
"The Hartford" is a registered trademark of Hartford Fire Insurance Company.
"SMART529" is a registered trademark of the West Virginia College Prepaid Tuition and Savings Program Board of Trustees.