Nebraska's State Farm 529 Savings Plan utilizes Vanguard, State Street, DFA and iShares funds in its age-based and static portfolios. Union Bank and Trust Company serves as program manager, succeeding First National Bank and Oppenheimer/OFI. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- Inception2003
- State agencyNebraska State Treasurer
- Tax deduction
- Program ManagerUnion Bank and Trust Company
- Program distributorNorthern Trust Securities, Inc
Investment Options
Investors in State Farm 529 Savings Plan can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
| Portfolio | E.R. | % Equity | 1YR Performance |
|---|---|---|---|
| Age-Based Newborn to 2 years old | 0.48% | 90% | 17.92% |
| Age-Based 3-5 years old | 0.47% | 80% | 17.03% |
| Age-Based 6-8 years old | 0.48% | 70% | 15.42% |
| Age-Based 9-10 years old | 0.47% | 60% | 13.84% |
| Age-Based 11-12 years old | 0.47% | 50% | 12.5% |
| Age-Based 13-14 years old | 0.47% | 40% | 11.03% |
| Age-Based 15-16 years old | 0.47% | 30% | 9.71% |
| Age-Based 17-18 years old | 0.48% | 20% | 8.35% |
| Age-Based 19 years and older | 0.48% | 10% | 6.99% |
