CollegeCounts 529 Fund Advisor Plan
The manager for Alabama CollegeCounts 529 Fund Advisor Plan changed from Van Kampen to Union Bank and Trust Company in August 2010. It features age-based, static and individual fund portfolio options using mutual funds from multiple fund firms. To find a financial advisor in your area, use the Directory of Financial Professionals.
3.5 of 5
3.5 of 5
2 of 5
- Program typeSavings
- Inception2002, but substantially changed in August 2010.
- State agencyBoard of Trustees of College Counts 529 Fund, chaired by the State Treasurer
- Tax deduction
- Program ManagerUBT 529 Services, a division of Union Bank & Trust Company
- Program distributorNorthern Trust Securities, Inc.
Ratings & Rankings
Our overall rating for AL residents
This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.
Our overall rating for non-residents
This is a very good program that offers valuable benefits but may have some limitations or concerns that investors need to know.
Each plan's performance score is developed directly from Savingforcollege.com's Quarterly 529 Performance Rankings. A 529 savings plan must have at least one year of performance history before they will be assigned a 5-cap rating. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans.
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
Age-based/Enrollment Year investment options:View more age-based investment options
Static investment options:View more static investment options
Underlying investments:View a full list of this plan's investment options
Underlying fund allocations:
Portfolio Fees & Performance Lookup
Fees & Expenses
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Broker loads and commissions:
Taxes and other Benefits
- Tax deduction for single filers$5,000/yr
- Tax deduction for joint filers$10,000/yr
Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.