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TD Ameritrade 529 College Savings Plan

Nebraska

Nebraska's TD Ameritrade 529 College Savings Plan is very similar to The Nebraska Education Savings Trust, but is offered through discount broker TD Ameritrade at a slightly higher cost than the direct-sold Nebraska plan.

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
2.78	2.42	4.57	3.80	0.40

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.

Research other state plans
or
Compare between state plans

Program type:

Savings

Telephone:

1-877-408-4644

Web site:

Click here to visit

How to enroll:

Enroll through TD Ameritrade.

Initial year of operation:

2010

State agency(ies):

Nebraska State Treasurer

Program manager:

First National Bank of Omaha

Program distributor:

TD Ameritrade, 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) each containing 5 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and beneficiary’s age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Static investment options:

Select among 3 static investment portfolios with varying risk tolerances and 17 individual-fund portfolios.

Underlying investments:

Vanguard, American Century, iShares, State Street, Tributary, T. Rowe Price, Goldman Sachs, and PIMCO mutual funds.

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:

0.26% manager fee, plus a distribution fee of 0.19% and a 0.03% fee to the state.

Expenses of the underlying investments:

Ranges from 0.06% to 0.20% (portfolio weighted average) in the age-based and static multi-fund portfolios, and from 0.0175% to 0.97% in the individual-fund portfolios.

Total asset-based expense ratio:

0.50% - 1.45%

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 $5,000 per year for single taxpayers and married taxpayers filing jointly, and up to $2,500 per year for married taxpayers filing separately, are deductible in computing Nebraska taxable income. Only contributions made by the account owner are deductible. Contribution deadline is December 31 postmark.