Administrators of 529 College Savings Plans have responsibility for ensuring the sound management of contributions, investments and disbursements. Having a partner versed in how 529 plans work provides an added layer of assurance that administrators meet their fiduciary responsibilities to the plan.
Hayes & Associates can assist plan administrators in designing, implementing, and improving internal controls to ensure compliance. Our professionals stay up to date on proposed changes to the Internal Revenue Code that may affect 529 plans and can help plan administrators understand and adjust to new regulations.
With strong understanding of securities and other investments, Hayes & Associates can partner with 529 plan administrators in preparing financial statements or conducting independent audits of plan financials.
If your role includes financial or fiduciary responsibilities for a 529 plan, contact us to learn how we can help.