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529 News
Nebraska announces upcoming changes to its 529 plans
(March 24, 2012) - The Nebraska Investment Council has approved changes to the state's direct-sold and advisor-sold 529 plans, to take effect by July 2012.
Changes include expansion of investment options and adjustments to underlying investment choices and allocations. Annual asset-based fees are expected to drop 0.03% in NEST Direct and NEST Advisor plans, with an unspecified reduction in the TD Ameritrade 529 plan.
A dollar-cost averaging feature will be added, and approving broker-dealers will be permitted to waive the A share sales charge on rollovers coming into NEST Advisor.
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