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The Vanguard 529 Savings Plan
Nevada
Nevada 's Vanguard 529 Savings Plan 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. Accounts can be linked to the Upromise rewards service.
5-Cap Rating
| Resident: |  |
|---|---|
| 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 |
|---|---|---|---|---|
| 3.65 | 3.84 | 3.67 | 4.90 | 0.00 |
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
Telephone:
1-866-734-4530
Web site:
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:
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, or $50 through an employer automatic investment plan. The minimum subsequent contribution is $50.
Investment Options
Age-based investment options:
The Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, or Conservative) each containing 5 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 5 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:
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:
$20 annually on accounts below $3,000.
Program management fees:
0.25% manager fee for the age-based options and a range of 0.25% to 0.55% 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:
0.25% - 0.55%
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:
Premium subscription required for this data.
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.
Plan News
- Nevada College Savings Plans Program Fund Cuts Fees (09/28/2010)
State News
- Nevada's Columbia 529 completes asset transfer to Putnam plan (03/03/2011)
- Putnam Investments selected program manager for Nevada’s national advisor-sold plan (09/16/2010)
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