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CollegeAccess 529 (Advisor-sold)

South Dakota

The South Dakota CollegeAccess 529 advisor-sold only plan offers age-based, static asset allocation, and individual fund portfolio options utilizing a large array of investment managers including Allianz Global Investors U.S., Boston Company, Dodge & Cox, Franklin Templeton, Voya, Marsico, Morgan Stanley, NFJ, PIMCO, Royce, TIAA-CREF and Thornburg mutual funds. 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
1.98 2.29 3.50 3.40 0.03

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General

Program type:

Savings

How to enroll:

Enroll through a financial advisor. Find a Professional

Initial year of operation:

2002

State agency(ies):

South Dakota Investment Council

Program manager:

Allianz Global Investors Distributors LLC

Program distributor:

Allianz Global Investors Distributors LLC

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 at least 18 years old (individually or as joint owners), 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 South Dakota's 529 plan for the same beneficiary reach $350,000.

Minimum contributions:

With lump-sum contributions, the minimum initial contribution is $1,000 ($250 per investment option), and the minimum subsequent contribution is $50 per investment option. With the automatic investment plan, the minimum initial contribution is $250 and the minimum subsequent contribution level is $50 per month.

Investment Options

Age-based investment options:

The Age-Based Option consists of 5 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary or the anticipated years to matriculation, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Static investment options:

Select among 3 multi-fund portfolios (Diversified Equity, Diversified Bond, and Money Market Plus) and 15 individual-fund portfolios. The 5 portfolios in the age-based option are also available as static investments.

Underlying investments:

Mutual funds managed by Allianz, Boston Company, Columbia, Dodge & Cox, Franklin Templeton, Voya, Morgan Stanley, NFJ, PIMCO, Royce, TIAA-CREF and Thornburg.

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 depending on share class.

Account maintenance fee:

$5 per quarter for accounts with less than $20,000. The fee is waived for participants with an automatic investment plan, accounts where a common owner has accounts aggregating over $50,000 of value, and for South Dakota residents.

Program management fees:

0.35% manager fee (waived for SD residents), plus distribution/servicing fees of 0.35% (Classes A and SD-A), 1.10% (Classes B and C), or 1.00% (Class SD-C)

Expenses of the underlying investments:

Ranges from 0.46% to 0.63% (portfolio weighted average) in the age-based, 0.32% to 0.66% in the static multi-fund portfolios, and 0.18% to 1.07% in the individual-fund portfolios.

Total asset-based expense ratio:

Class A: 0.63% - 1.77%
Class B: 0.63% - 2.52%
Class C: 0.63% - 2.52%
Class SD-A: 0.28% - 1.42%
Class SD-C: 0.28% - 2.07%

Broker loads and commissions:

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Breakpoint pricing:

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Does breakpoint pricing include non-529 assets under rights of accumulation policies

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Taxes and other Benefits

Program match on contributions:

None.

State tax deduction or credit for contributions:

Not applicable. South Dakota does not have a personal income tax.

State tax treatment of qualified distributions:

Not applicable. South Dakota does not have a personal income tax.

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

No

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?

No

Statutory protection of an account from creditors:

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Distributions & Terminations

To whom are distributions made payable:

Account owner, beneficiary, eligible educational institution, or third-party, 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:

1-866-529-7462

Telephone for broker use:

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