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529 News

Recent State News

Rhode Island selects Ascensus College Savings as program manager

(November 18, 2015) - The State of Rhode Island has selected Ascensus College Savings as the program manager for the CollegeBoundfund direct- and advisor-sold 529 plans. Invesco, a leading independent global investment management firm, has been chosen as the plan's investment manager and the distributor for the advisor-sold plan. The new contract is effective beginning July 1, 2016.

Michigan approves ABLE accounts and raises 529 plan limit

(October 29, 2015) - New laws were signed in Michigan that will allow people with disabilities to use tax-exempt savings accounts under the Achieving a Better Life Experience (ABLE) Act. These plans will have the same maximum balance as the state's 529 plan, the Michigan Education Savings program, which will increase from $235,000 to $500,000.

Nebraska seeks program manager for ABLE Program

(July 20, 2015) - Treasurer Don Stenberg and the Nebraska Investment Council have issued a Request for Proposals for a program manager of the new Achieving a Better Life Experience (ABLE) program. The ABLE program will allow Nebraskans with certain disabilities to created tax-advantaged ABLE savings accounts to use to pay for qualified disability-related expenses, and is expected to launch in 2016. Proposals are due by September 10, 2015.

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