529 PLANS

529 News

MSRB planning to collect more 529 info

(July 19, 2011) - The Municipal Securities Rulemaking Board (MSRB) has issued a request for public comment on a plan to create a centralized system for collection and dissemination of market information for 529 college savings plans.

Currently, the MSRB's Electronic Municipal Market Access (EMMA) system collects 529 plan disclosure documents, but not other market information for these types of municipal securities. The MSRB is requesting comment on whether collecting additional 529 plan data, such as total plan assets, quarterly contributions and withdrawals, total number of active accounts and total rollover distributions, would be valuable to investors and other market participants.

For more information, click here.

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