529 PLANS

529 News

Nebraska’s NEST 529 Advisor plan introduces convertible C shares, lowers fees

(August 3, 2017) - According to a recent press release, NEST 529 Advisor College Savings Plan will be making a number of enhancements to the plan, effective August 27, 2017. As a result of these changes, both advisors offering the plan and their clients will benefit from:

• A new share class structure that automatically converts from Class C to Class A units on the month following the fifth anniversary of the purchase date.
• Class A shares will be simplified so that all Class A shares charge a 3.50% load, prior to the application of breakpoints.
• The number of breakpoints will be simplified from six tiers to three.
• Total fees will be reduced in multiple age-based and static portfolio options.
• The maximum contribution limit will be raised from $360,000 to $400,000.

Improvements to the asset-based fees of the portfolios and increased contribution limits will also benefit the NEST Direct College Savings Plan and the TD Ameritrade 529 College Savings Plan.

For more information, click here.

Return to 529 News center.

 

Reset email successfully sent.
Please check your inbox.

Close