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The Vanguard 529 Savings Plan
Nevada
This 529 savings program is administered by Upromise Investments but carries the Vanguard brand and features a wide offering of Vanguard mutual funds in its age-based and static portfolio options.
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General
Did you know?
Residents are not limited to investing in their own State's plan. Another state may offer a plan that performs better and has lower fees. If there is no tax break offered for in-state investors... shop around!
Also, the plan chosen does not affect which state the student enrolls in. An investor can live in NY, invest in a plan from NV and send a student to college in FL.
Program type:
Savings
How to enroll:
Enroll directly with the program.
Initial year of operation:
2002
State agency(ies):
Board of Trustees of the College Savings Plans of Nevada
Program manager:
Upromise Investments, Inc.
Program distributor:
Upromise Investments, Inc and Vanguard Marketing Corporation
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. citizens and resident aliens at least 18 years old and UGMA/UTMA custodians
Significant time or age restrictions imposed by the program:
None
Contributions
Maximum contributions:
Accepts contributions until all account balances in Nevada's 529 plans for the same beneficiary reach $370,000.
Minimum contributions:
The minimum initial contribution is $3,000 ($50 through an employer automatic investment plan), and the minimum subsequent contribution is $50.
Investment Options
Age-based investment options:
The Age-Based Option offers a choice among three different risk levels (Aggressive, Moderate, or Conservative) each containing five portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.
Static investment options:
Select among five multi-fund portfolios (Aggressive Growth, Growth, Moderate Growth, Conservative Growth, and Income) and 14 individual-fund portfolios.
Underlying investments:
Vanguard mutual funds
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
Account maintenance fee:
$20 annually on accounts below $3,000
Program management fees:
0.44% manager fee for the age-based options and a range of 0.44% to 0.66% for all other options. Fees include underlying fund expenses.
Expenses of the underlying investments:
Not applicable, included in the program management fee.
Total asset-based expense ratio:
0.44% - 0.66%
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
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, 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:
Premium subscription required for this data.
Contact
Telephone:
1-866-734-4530
Web site:
Plan News
- Vanguard 529 fees to drop (05/26/2009)
- Vanguard dropping fees, adding options, to its Nevada 529 plan (11/09/2006)
- Vanguard announces fee reductions in Nevada 529 (09/02/2004)
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