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TD Ameritrade 529 College Savings Plan
Nebraska's TD Ameritrade 529 College Savings Plan is very similar to The Nebraska Education Savings Trust, but is offered through discount broker TD Ameritrade at a slightly higher cost than the direct-sold Nebraska plan.
- Program typeSavings
- State agencyNebraska State Treasurer
- 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
Alternative 529 Plans
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 5 static investment portfolios with varying risk tolerances and 17 individual-fund portfolios.View more static investment options
Underlying investments:Vanguard, iShares, State Street, DFA, MetWest, Tributary, T. Rowe Price, 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:0.25% manager fee, plus a sub-administration fee of 0.19% and a 0.03% fee to the state.
Expenses of the underlying investments:Ranges from 0.05% to 0.16% (portfolio weighted average) in the age-based and static multi-fund portfolios, and from 0.0175% to 0.99% in the individual-fund portfolios.
Total asset-based expense ratio:0.49% - 1.46%
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.