Employers & Employees

Thank you for offering the NEST Direct Plan to your employees. It is an excellent no-cost benefit for employers and an excellent way for employees to save for future college expenses.

What Do These Changes Mean for Employers?

It will be important that you update your payroll system as some account and bank routing information will change with the transition. A separate communication with the specific details is being sent to employees that have a payroll direct deposit. Thank you for updating your records accordingly.

Important Steps Required by Employees Making Direct Deposits to NEST

Employees that currently contribute directly from their paycheck will receive a separate communication from the NEST Direct Plan. Since the NEST Direct Plan bank information, routing number, and individual NEST account numbers will change it is important you have your employer update their records. Watch for the separate mailing from the NEST Direct Plan in early November and make sure to provide your employer the new information included with that communication.

IMPORTANT: Any direct deposit contributions submitted by your employer on your behalf after December 11, 2020 – that are not sent to the updated bank information detailed below – will be rejected and returned to your employer.

REQUIRED as soon as possible after December 1, 2020 and before December 4, 2020.

Contact your employer payroll area and provide them the following information:

  • New custodian bank: Union Bank & Trust
  • ABA Routing Number: 10 491 0795
  • DDA # will be 3 digits (323) followed by the first 11 digits of the employee’s NEST Direct College Savings Plan account number
  • ACH Transmittal Code: Checking

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