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MOST - Missouri's 529 Advisor Plan

Missouri

MOST - Missouri's 529 Advisor Plan, managed by Upromise, features a selection of three ETF asset-allocation portfolios, an anti-terror portfolio, and 14 individual-fund portfolios. Accounts can be linked to the Upromise rewards service. To find a financial advisor in your area, use the Find a 529 Pro Directory.

5-Cap Rating

Resident:
Non-Resident:

Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories. (Scale 0 to 5; 5 is highest)

Performance Costs Features Reliability Resident Upgrade
2.72 3.05 2.87 3.90 0.10

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General

Program type:

Savings

How to enroll:

Enroll through a financial advisor. Find a Professional

Initial year of operation:

2006

State agency(ies):

Missouri Higher Education Savings Program Board

Program manager:

Upromise Investments, Inc.

Program distributor:

DWS Investments Distributors, Inc.

Manager contract term:

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Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens with a Social Security number or taxpayer identification number, UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in Missouri's 529 plans for the same beneficiary reach $325,000.

Minimum contributions:

With lump-sum contributions, the minimum initial contribution is $500. With the automatic investment plan, the minimum contribution level is $50 per portfolio per month or $150 per quarter via bank transfer or $25 per payroll via payroll direct deposit.

Investment Options

Age-based investment options:

None.

Static investment options:

Select among 3 asset-allocation options (the ETF portfolios), an anti-terror portfolio, and 14 individual-fund options.

Underlying investments:

American Funds, American Century Investment Management, Inc., BlackRock iShares, Columbia Management Group, DWS Investments, Franklin Templeton Investments, PIMCO, Scout Investment Advisors, T. Rowe Price, Van Kampen Investments.

Underlying fund allocations:

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Investment performance link:

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Portfolio Fees & Performance Lookup

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Fees & Expenses

Enrollment or application fee:

None, but contributions may be subject to a sales charge.

Account maintenance fee:

$25 annually for accounts with less than $25,000.

Program management fees:

0.30% manager fee plus distribution/marketing fee of 0.25% (Class A) or 1.00% (Class C), except the distribution/marketing fee for the Templeton Growth Portfolio is 0.00% (Class A) or 0.75% (Class C).

Expenses of the underlying investments:

Ranges from 0.17% to 1.11%.

Total asset-based expense ratio:

Class A: 0.72% - 1.45%
Class C: 1.47% - 2.20%

Broker loads and commissions:

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Breakpoint pricing:

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Taxes and other Benefits

Program match on contributions:

None.

State tax deduction or credit for contributions:

Contributions to Missouri AND non-Missouri 529 plans of up to $8,000 per year by an individual, and up to $16,000 per year by a married couple filing jointly, are deductible in computing Missouri taxable income. Only contributions made by the account owner are deductible, except for spouses filing a joint return. Rollover contributions are not deductible. Contribution deadline is December 31 postmark.

Value of in-state tax benefits:

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State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Missouri taxable income to the extent of prior Missouri tax deductions.

State tax treatment of qualified distributions:

Qualified distributions from Missouri and non-Missouri 529 plans are exempt.

State tax treatment of rollovers:

Missouri follows federal tax-free treatment for rollovers.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

Yes

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Does the program have a formal agreement with a rewards program or outside scholarship program?

Yes, with the Upromise rewards service.

Statutory protection of an account from creditors:

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Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution or account owner, as directed by the account owner

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

No

Documents and other services accessible or downloadable on the program's public Web site:

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Contact

Web site:

Click here to visit

Telephone:

1-800-617-5097

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