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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, ING, Marsico, 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: |  |
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| Non-Resident: |
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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 |
|---|---|---|---|---|
| 3.02 | 2.22 | 3.50 | 3.40 | 0.00 |
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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
Telephone:
1-866-529-7462
Telephone for broker use:
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Web site:
How to enroll:
Enroll through a financial advisor.
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, ING, 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 0.45% to 0.62% (portfolio weighted average) in the age-based, 0.32% to 0.65% 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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