529 PLANS

Putnam 529 for America (HTML VERSION)

Nevada

Launched in October 2010, Nevada's Putnam 529 for America advisor-sold 529 savings plan offers an age-based options, 3 goal-based options, 11 individual-fund options, and 4 options consisting of the Putnam Absolute Return Funds. The 11 individual-fund options include several non-Putnam mutual funds. To find a financial advisor in your area, use the Directory of Financial Professionals.

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
4.13 3.59 3.80 3.80 0.00

Find an advisor

Enroll in Putnam 529 for America through a financial advisor. Search our directory of qualified financial professionals to find one near you.

General

Program type:

Savings

How to enroll:

Enroll through a financial advisor. Find a Professional

Initial year of operation:

2010

State agency(ies):

Board of Trustees of the College Savings Plans of Nevada

Program manager:

Putnam Investments

Program distributor:

Putnam Retail Management

Manager contract term:

Through September 30, 2020.

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens, UGMA/UTMA custodians, trusts, and 501(c)(3) organizations.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

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

Minimum contributions:

$25 minimum initial contribution, currently being waived.

Investment Options

Age-based investment options:

The Age-Based Asset Allocation Investment Option contains 22 portfolios: newborn through age 21+. Contributions are allocated among 5 Putnam-managed asset-allocation portfolios based on the age of the beneficiary.

Static investment options:

3 goal-based options (Aggressive Growth, Growth, and Balanced), 4 Putnam Absolute Return Funds options, and 11 individual-fund options.

Underlying investments:

Mutual funds from Putnam, MFS, Principal, Federated, and State Street.

Underlying fund allocations:

Click here, you need Microsoft Excel to open this document.

Investment performance link:

Click here to visit, link to the program website containing most current performance data. Click on Daily Pricing links.

Portfolio Fees & Performance Lookup

Click here to visit, pricing and performance details for each portfolio. Data can be plugged into FINRA's 529 Expense Analyzer.

Fees & Expenses

Enrollment or application fee:

None, but contributions may be subject to a sales charge depending on share class.

Account maintenance fee:

$15 annual account maintenance fee for accounts with less than $25,000, waived for residents of Nevada, accounts in an automatic investment plan, or participants in particular corporate payroll deduction plans and affinity programs.

Program management fees:

0.10% administrative fee to the state, plus reimbursed expenses of up to 0.04%, plus distribution/servicing fees as follows:

Money Market option: 0.25% (Class A), 0.25% (Class B), 0.50% (Class C)

Absolute Return Funds 100 and 300: 0.25% (Class A), 0.45% (Class B), 1.00% (Class C)

All other options: 0.25% (Classes A and D), 1.00% (Class B); 1.00% (Class C)

Expenses of the underlying investments:

Ranges from 0.57% to 0.79% (portfolio weighted average) in the age-based and static multi-fund portfolios, and from 0.17% to 1.19% in the individual fund portfolios.

Total asset-based expense ratio:

Class A: 0.56% - 1.58%
Class B: 0.89% - 2.33%
Class C: 1.14% - 2.33%
Class D: 0.96% - 1.18%

Broker loads and commissions:

Class A all options except fixed income, Absolute Return 100 and 300, and money market options:
Maximum initial sales charge: 5.75%
Dealer: 5% commission and 0.25% trail beginning immediately

Class A fixed income individual-fund portfolios:
Maximum initial sales charge: 4.00%
Dealer: 3.50% commission and 0.25% annual trail beginning immediately

Class A Absolute Return 100 and 300:
Maximum initial sales charge: 1.00%
Dealer: 1% commission and 0.25% annual trail beginning immediately

Class A money market option:
No sales charge
Dealer: 0% commission and 0.25% annual trail beginning immediately

Class B all options except Absolute Return 100 and 300, and money market:
CDSC: 5% in year one declining to 1% in year six, none thereafter
Dealer: 4% commission and 0.25% annual trail beginning immediately
Conversion to Class A: After eight years

Class B Absolute Return 100 and 300:
CDSC: 1% in year 1 and 0.5% in year 2, none thereafter
Dealer: 1% commission and 0.25% annual trail beginning immediately

Class B money market option:
No initial sales charge or CDSC
Dealer: 0% commission and 0.25% annual trail beginning immediately

Class C all options except money market:
CDSC: 1% within the first 12 months only
Dealer: 1% commission and 1% annual trail beginning in month 13

Class C money market option:
No initial sales charge or CDSC
Dealer: 0% commission and 0.5% annual trail beginning immediately

Class D: Closed to new accounts as of January 15, 2013

Breakpoint pricing:

Class A sales load (dealer commission):

Single fund equity and multiple fund portfolios:
Less than $50,000 - 5.75% (5.00%)
$50,000 - $99,999 - 4.50% (3.75%)
$100,000 - $249,999 - 3.50% (2.75%)
$250,000 - $499,999 - 2.50% (2.00%)
$500,000 - $999,999 - 2.00% (1.75%)
$1 Million and over - 0.00% (1.00%)

Fixed income portfolios:
Less than $50,000 - 4.00% (3.50%)
$50,000 - $99,999 - 4.00% (3.50%)
$100,000 - $249,999 - 3.25% (2.75%)
$250,000 - $499,999 - 2.50% (2.00%)
$500,000 - $999,999 - 0.00% (1.00%)
$1 Million and over - 0.00% (1.00%)

Absolute Return 100 and 300 portfolios:
Less than $500,000 - 1.00% (1.00%)
$500,000 - $999,999 - 0.00% (1.00%)
$1 Million and over - 0.00% (1.00%)

Absolute Return 500 and 700 portfolios:
Less than $50,000 - 5.75% (5.00%)
$50,000 - $99,999 - 4.50% (3.75%)
$100,000 - $249,999 - 3.50% (2.75%)
$250,000 - $499,999 - 2.50% (2.00%)
$500,000 - $999,999 - 0.00% (1.00%)
$1 Million and over - 0.00% (1.00%)

Class D sales load (dealer commission):
Less than $100,000 - 3.50% (3.00%)
$100,000 - $249,999 - 3.50% (2.75%)
$250,000 - $499,999 - 2.50% (2.00%)
$500,000 - $999,999 - 2.00% (1.75%)
$1 Million and over - 0.00% (1.00%)

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?

No

Statutory protection of an account from creditors:

Under Nevada law, money in the Nevada trust fund is exempt from creditor claims unless the money is deposited after the entry of a judgment against the account owner or the money will not be used by any beneficiary to attend a college or university; the protection is limited to $500,000 to include certain other retirement accounts.

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

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:

Offering Statement

Contact

Web site:

Click here to visit

Telephone:

1-877-788-6265

State News

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