General InformationDownload PDF Report
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.
- 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
- Manager contract termUNLOCK PRO
Ratings & Rankings
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: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
Maximum contributions:Accepts contributions until all account balances in Nebraska's 529 plans for the same beneficiary reach $400,000.
Minimum contributions:No minimum.
Age-based investment options:The Age-Based Portfolios option offers a choice among 3 different risk levels (Aggressive, Growth, and Index)each containing 9 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.View more age-based investment options
Static investment options:Select among 6 static options (All Equity, Growth, Moderate Growth, Balanced, Conservative) and 19 individual-fund portfolios including a money market option.View more static investment options
Underlying investments:American Funds, Federated, State Street, iShares, DFA, Dodge & Cox, MetWest, Tributary, T. Rowe Price, Vanguard, and Goldman SachsView a full list of this plan's investment options
Underlying fund allocations:UNLOCK PRO
Portfolio Fees & Performance LookupUNLOCK PRO
Fees & Expenses
Enrollment or application fee:None.
Account maintenance fee:None.
Program management fees:All portfolios except the Goldman Sachs Financial Square Government Money Market, Age-Based Index 17-18, Age-Based Index 19+, and Bank Savings option:
0.25% and a state fee of 0.02%, plus distribution fees of 0.25% (Class A) or 1.00% (Class C).
Goldman Sachs Financial Square Government Money Market, Age-Based Index 17-18, and Age-Based Index 19+:
0.25% and a state fee of 0.02%.
Bank Savings Option:
0.18% and a state fee of 0.02%
Expenses of the underlying investments:Ranges from 0.06% to 0.25% (portfolio weighted average) in the age-based and static multi-fund portfolios, from 0.0175% to 0.99% in the individual-fund portfolios, none for the Bank Savings option.
Total asset-based expense ratio:Class A: 0.20% - 1.51%
Class C: 0.20% - 2.26%
Broker loads and commissions:UNLOCK PRO
Breakpoint pricing:UNLOCK PRO
Does breakpoint pricing include non-529 assets under rights of accumulation policiesUNLOCK PRO
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.