Prospect Institute Opens Online 529 Supermarket

May 21, 2004 ( - The Prospect Institute for Educational Finance is offering a new Web-based service for employers that want to offer their workforce a voluntary 529 plan.

The Prospect 529 Supermarket is designed to serve the needs of the self-service consumer who wants to buy direct from the state, without using an intermediary.   With this, an employee can log on to get information about the overall concept and provisions of section 529; specific state plan details, costs and investment performance.

Once a user has selected several potential plans, they can compare the details of different plans and make their selection. Each user can also prepare personalized comparative reports to share with their family that help them select a 529 plan that best suits their needs and preferences.

Further, Prospect provides automated enrollment assistance to help the user complete his or her transaction and begin their college savings program.

The Prospect 529 Supermarket is available at .