529 PLANS

Wealthfront 529 College Savings Plan NEW! PDF ReportPRO

Nevada

The Wealthfront 529 College Savings Plan is an advisor-sold plan sponsored by the State of Nevada with Ascensus Broker Dealer Services, Inc. serving as program manager. Wealthfront is a completely online platform serving as an automated investment adviser. Wealthfront conducts a risk assessment for each account owner and, in combination with the beneficiary's expected enrollment date, allocates its participants to one of twenty custom portfolios. These portfolios may be allocated among up to nine mutual funds and ETFs from iShares and Vanguard.

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
NA NA NA NA NA

General

Program type:

Savings

How to enroll:

Enroll online

Initial year of operation:

2016

State agency(ies):

Board of Trustees of the State of Nevada

Program manager:

Ascensus Broker Dealer Services, Inc.

Program distributor:

Wealthfront Brokerage Corporation

Manager contract term:

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Contributions

Maximum contributions:

Accepts contributions until all 529 account balances in Nevada's 529 plans for the same beneficiary reach $370,000.

Minimum contributions:

$500 minimum initial contribution. Subsequent contributions must be at least $100

Investment Options

Age-based investment options:

Wealthfront designs an individual portfolio for each account owner based on a risk tolerance assessment. An account owner's individual portfolio is assigned to one of 20 glide paths, each of which determines how the portfolio's asset allocations will change over time. Each glide path gradually shifts the asset allocations of the underlying or "Designated Portfolios" in an individual portfolio to progressively decreasing levels of expected risk as the college enrollment date approaches.

Underlying investments:

Vanguard and iShares ETFs

Underlying fund allocations:

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See Investment Options

Fees & Expenses

Enrollment or application fee:

None

Account maintenance fee:

None

Program management fees:

0.06% (includes 0.01% Board Fee) plus advisory fee of 0.25%. The 0.25% advisory fee is waived for the first $10,000 ($25,000 for Nevada residents) of assets under management.

Expenses of the underlying investments:

Glide path fees range from 0.12% - 0.15%. Individual underlying portfolio fees range from 0.05% to 0.40%.

Total asset-based expense ratio:

The portfolio glide paths range from 0.43% to 0.46%. Individual underlying portfolios range from 0.11% - 0.71%. Final expenses may be lower as the 0.25% advisory fee portion is waived for the first $10,000 ($25,000 for Nevada residents) of assets under management.

Taxes and other Benefits

Program match on contributions:

None

State tax deduction or credit for contributions:

Not applicable. Nevada does not have a personal income tax.

State tax treatment of qualified distributions:

Not applicable. Nevada 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

Statutory protection of an account from creditors:

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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?

Yes

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

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Contact

Website:

Click here to visit

Telephone:

650-249-4250

State News

 

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