Nebraska Education Savings Trust -- Advisor College Savings Plan
Nebraska Education Savings Trust -- Advisor College Savings Plan switched program managers in December 2010 from Union Bank and Trust Company of Lincoln, Nebraska to First National Bank of Omaha. Accounts can be linked to the Upromise rewards service. To find a financial advisor in your area, use the Directory of Financial Professionals.
4.5 of 5
4.5 of 5
3.5 of 5
- Program typeSavings
- Inception2001, but substantially changed December 2010
- State agencyNebraska State Treasurer and Nebraska Investment Council
- Tax deduction
- Program ManagerFirst National Bank of Omaha
- Program distributorFirst National Capital Markets, Inc
Ratings & Rankings
Our overall rating for NE residents
This is a program that offers outstanding flexibility, attractive investments, and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. There are few, if any, weaknesses noted in the program.
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.
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:
Does breakpoint pricing include non-529 assets under rights of accumulation policies
Taxes and other Benefits
- Tax deduction for single filers$10,000/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.