SHORTCUTS

529 Plan Details:

Enter your state:

World's Simplest College Calculator:

How old is your child?

Find a 529 Pro:

Enter your zip code:

Enroll In a 529 Plan:

View a list of participating plans

OPTIONS

529 PLANS

Nebraska Education Savings Trust -- Advisor College Savings Plan

Nebraska

Nebraska Education Savings Trust -- Advisor College Savings Plan switched program managers in December 2010 from Union Bank and Trust Company of Lincoln, Nebraska to First National Bank of Omaha. 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
2.61 3.99 4.90 4.00 0.40

Find an advisor

Enroll in Nebraska Education Savings Trust -- Advisor College Savings Plan through a financial advisor. Search our directory of qualified 529 professionals to find one near you.

Find a 529 Pro Now Become a 529 Pro

General

Program type:

Savings

How to enroll:

Enroll through a financial advisor. Find a Professional

Initial year of operation:

2001, but substantially changed December 2010

State agency(ies):

Nebraska State Treasurer and Nebraska Investment Council

Program manager:

First National Bank of Omaha

Program distributor:

First National Capital Markets, Inc

Manager contract term:

Premium subscription required for this data.

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. resident individuals with a valid Social Security number or taxpayer ID number, UGMA/UTMA custodians, legal entities.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in Nebraska's 529 plans for the same beneficiary reach $360,000.

Minimum contributions:

No minimum.

Investment Options

Age-based investment options:

The Age-Based Portfolios option offers a choice among 4 different risk levels (Aggressive, Growth, Index, and Conservative).

Static investment options:

Select among 3 multi-fund portfolios with varying risk tolerances and 19 individual-fund portfolios including a savings account option.

Underlying investments:

American Century, Dreyfus, Federated, State Street, iShares, Dodge & Cox, Tributary, T. Rowe Price, Vanguard, PIMCO, and Goldman Sachs.

Underlying fund allocations:

Premium subscription required for this data.

Investment performance link:

Premium subscription required for this data.

Portfolio Fees & Performance Lookup

Premium subscription required for this data.

Fees & Expenses

Enrollment or application fee:

None.

Account maintenance fee:

None.

Program management fees:

All portfolios except Age-Based Conservative 19+, Goldman Sachs Prime Money Market, and Bank Savings option:
0.27% and a state fee of 0.03%, plus distribution fees of 0.25% (Class A) or 1.00% (Class C).

Age-Based Conservative 19+ and Goldman Sachs Prime Money Market Portfolio:
0.27% and a state fee of 0.03%.

Bank Savings Option:
0.18% and a state fee of 0.02%

Expenses of the underlying investments:

Ranges from 0.09% to 0.27% (portfolio weighted average) in the age-based and static multi-fund portfolios, from 0.0175% to 0.96% in the individual-fund portfolios, none for the Bank Savings option.

Total asset-based expense ratio:

Class A: 0.20% - 1.51%
Class C: 0.20% - 2.26%

Broker loads and commissions:

Premium subscription required for this data.

Breakpoint pricing:

Premium subscription required for this data.

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

Premium subscription required for this data.

Taxes and other Benefits

Program match on contributions:

None.

State tax deduction or credit for contributions:

Contributions to a Nebraska 529 plan of up to $10,000 per year for single taxpayers and married taxpayers filing jointly, and up to $5,000 per year for married taxpayers filing separately, are deductible in computing Nebraska taxable income. Contributions made by the account owner or parents or guardians of UTMA/UGMA accounts are deductible. Contribution deadline is December 31 postmark.

Value of in-state tax benefits:

Premium subscription required for this data.

State tax recapture provisions:

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

State tax treatment of qualified distributions:

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

State tax treatment of rollovers:

Nebraska follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions.

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:

Premium subscription required for this data.

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, 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:

Premium subscription required for this data.

Contact

Web site:

Click here to visit

Telephone:

888-659-6378

Plan News

State News

Search our directory of qualified 529 professionals to find one near you!

Find a 529 Pro Now Become a 529 Pro