General InformationDownload PDF Report

Learning Quest Advisor logo

Learning Quest Advisor

Kansas Learning Quest Advisor version of Learning Quest was overhauled in May 2007 and now offers multi-manager age-based portfolios and static portfolios in addition to a menu of individual funds. Accounts can be linked to the Upromise rewards service. To find a financial advisor in your area, use the Directory of Financial Professionals.


  • Program typeSavings
  • Inception2002
  • State agency
    Kansas State Treasurer
  • Tax deduction
    Tax deduction for single filers $3,000/yr
    Tax deduction for joint filers $6,000/yr
  • Program Manager
    American Century Investment Management, Inc.
  • Program distributor
    American Century Investment Services, Inc.
  • Manager contract termUNLOCK PRO

Ratings & Rankings

Our overall rating for KS 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 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.

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.


3.37out of 5

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.

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens, UGMA/UTMA custodians, and legal entities. Joint ownership is permitted.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in Kansas' 529 plans for the same beneficiary reach $402,000.

Minimum contributions:

With lump-sum contributions, the minimum initial contribution is $25. With the automatic investment plan, the minimum contribution level is $25 per month.

Investment Options

Age-based investment options:

The age-based portfolios are offered in 3 different risk levels: Aggressive, Moderate and Conservative. Contributions are placed into the portfolio corresponding to the selected risk level and the beneficiary's age. Over time, accounts move between one or more of the 8 portfolios that make up these tracks.View more age-based investment options

Static investment options:

Select among 11 multi-fund portfolios, 12 American Century individual-fund options and the Cash and Cash Equivalent option.View more static investment options

Underlying investments:

Mutual funds from American Century, T. Rowe Price, Principal Financial Group, and American BeaconView a full list of this plan's investment options

Underlying fund allocations:

UNLOCK PRO

Portfolio Fees & Performance Lookup

UNLOCK PRO

Free Book Download


Get your free copy of Growing your practice with 529 plans.

A practical guide with tips and tools to help financial advisors leverage 529 plans in their practice.

Download family guide

Fees & Expenses

Enrollment or application fee:

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

Account maintenance fee:

None.

Program management fees:

0.20% manager fee (waived for the Cash and Cash Equivalent option) plus distribution/servicing fees of 0.25% (Class A); 1% (0.75% for the Cash and Cash Equivalent option)(Class C).

Expenses of the underlying investments:

Ranges from 0.32% to 0.99% in the age-based and static portfolios and 0.09% to 1.36% in the individual fund portfolios (portfolio weighted averages).

Total asset-based expense ratio:

Class A: 0.34% - 1.81%
Class C: 0.84% - 2.56%

Broker loads and commissions:

UNLOCK PRO

Breakpoint pricing:

UNLOCK PRO

Does breakpoint pricing include non-529 assets under rights of accumulation policies

UNLOCK PRO

Taxes and other Benefits

  • Tax deduction for single filers$3,000/yr
  • Tax deduction for joint filers$6,000/yr

Example

Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.

Program match on contributions:

The state will match on a dollar-for-dollar basis contributions above $100 and up to $600 per year by Kansas residents with household incomes below 200% of the federal poverty income level. The program is limited to 300 participants from each of Kansas' four Congressional districts per year. Applications and contributions must be received by December 31 each year.

State tax deduction or credit for contributions:

Contributions to Kansas AND non-Kansas state-sponsored 529 plans of up to $3,000 per beneficiary per year by an individual, and up to $6,000 per beneficiary per year by a married couple filing jointly, are deductible in computing Kansas taxable income. Rollover contributions are not deductible. Contribution deadline is December 31.

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Kansas taxable income to the extent of prior Kansas tax deductions. Rollovers are not subject to recapture.

State definition of qualified expenses

The state conforms with the federal definition of qualified education expenses, which includes expenses for higher education, as well as up to $10,000 per year in tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school.

State tax treatment of qualified distributions:

Qualified distributions from Kansas and non-Kansas 529 plans are exempt.

State tax treatment of rollovers:

Kansas follows federal tax-free treatment.

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, the Upromise Rewards program can be linked to any 529 college savings plan. Upromise Rewards is free to join and offers members cash back for college.

Statutory protection of an account from creditors:

UNLOCK PRO

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?

No

Documents and other services accessible or downloadable on the program's public Web site:

UNLOCK PRO

Contact

Website:

https://www.learningquest.com/home/invest-in-your-529/529-investment-options/investing-with-advisor.html

Telephone:

1-877-882-6236

Telephone for broker use:

UNLOCK PRO

Twitter

AmericanCentury

State News

Get expert help finding the right 529 plan


Step 1

Click the blue Find a Pro button to the right

Step 2

Connect with a financial advisor in your local area