Browse benefits, reimbursements and voluntary deductions.
C529 generally indicates a contribution to a Section 529 education savings plan when used as a payroll deduction. The federal provision is Section 529, not 520. A payroll deduction is a funding method; it does not automatically make the contribution pre-tax.
How to read this entry
Use the meaning Section 529 education savings contribution alongside the column heading. An earnings amount, an employee deduction and an employer-cost memo can have different effects even when their labels look similar.
Example on a pay statement
A $75 payroll contribution should reconcile to the designated plan account, allowing for processing time. Do not assume federal taxable wages fell by $75 just because net pay did.
Examples illustrate the checking method. They are not a personal tax calculation or a promise of a particular benefit.
What to check with payroll
Confirm the recipient plan and account, and check state-specific tax treatment separately from federal payroll treatment.
Compare related entries
Read the benefits, reimbursements and voluntary deductions guide to compare the entries in this part of your statement. Use the full pay stub code directory when a second abbreviation is unfamiliar.
Reference and scope
Official guidance on benefits, reimbursements and voluntary deductions provides background on the underlying rules. The actual plan, tax year, jurisdiction and payroll record determine how the rules apply.