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529 News

Recent Plan News

Nebraska selects program manager for ABLE program

(November 19, 2015) - The First National Bank of Omaha has been selected to manage Nebraska's new Achieving a Better Life Experience Act (ABLE). The Bank is also the program manager for the Nebraska Educational Savings trust (NEST) 529 college savings program. The five-year agreement was approved Monday and took place immediately, and includes the possibility of two one-year extensions. The program, which will be known as Enable, is expecting to be up and running by summer 2016.

Virginia529 adds new portfolios inVEST college savings program

(October 9, 2015) - Three actively-managed portfolios have been added to the Virginia529 inVEST college savings program as of October 1, 2015. The Active Aggressive portfolio, Active Moderate portfolio, and Active Conservative portfolio are now offered in addition to the program's eight passively-managed static portfolios, four actively-managed static portfolios, and seven actively-managed age-based portfolios.

Illinois Treasurer cuts fees for Bright Directions College Savings Program

(October 6, 2015) - The Illinois Treasurer's Office announced a newly negotiated contract that eliminates set-up and maintenance fees for the Bright Directions 529 plan.

The new contract eliminates the $10 set-up fee and $3 quarterly maintenance fees previously charged to the accounts. Management fees will also be slashed by 43 percent. The changes will take effect Nov. 15.

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