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529 News

Recent State News

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.

For more information, click here.

Nevada passes tax credit for employers who match 529 contributions

(July 14, 2015) - The state of Nevada has passed Senate Bill (SB) 412, a tax credit for Nevada employers who make a matching contribution to employees participating in a Nevada 529 college savings plan. The new law will allow a 25% tax credit on matched contributions up to $500 per employee. The tax credit is expected to become effective on January 1, 2016.

For more information, click here.

Missouri issues RFP for 529 program manager

(July 8, 2015) - The Missouri State Treasurer has issued a request for proposals (RFP) for program management services to the Missouri Saving for Tuition Program ("MOST"). The proposal deadline is August 28, 2015, 1:00pm Central time.

Ascensus College Savings is current program manager pursuant to a contract that expires on June 5, 2016.

The management contract is for services to The Missouri Saving for Tuition Program ("MOST"), which consists of a direct-sold plan and an advisor-sold plan. As of June 30, 2015, total combined assets were over $2.5 billion.

For more information, click here.

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