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Putnam 529 for America
4.5 / 5
Our rating
NV resident benefits
Launched in October 2010, Nevada's Putnam 529 for America advisor-sold 529 savings plan offers an age-based option, 3 goal-based options, 10 individual-fund options, and 2 options consisting of the Putnam Absolute Return Funds. The 10 individual-fund options include several non-Putnam mutual funds. To find a financial advisor in your area, use the Directory of Financial Professionals.
Scores for each ratings category
4.44 / 5
Performance
4.0 / 5
Ease of Use
4.22 / 5
Savings Success
3.13 / 5
Program Delivery
KEY METRICS
OVERVIEW
Program type
Inception
State agency
Tax deduction
For single filers: None
For joint filers: None
Program manager
Program distributor
Manager contract term
MORE INFORMATION
Eligibility
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
Contributions
Maximum contributions:
Minimum contributions:
Does the program offer an e-gifting platform for receiving gift contributions?
Investment Options
Investors in Putnam 529 for America can select from the following investment options. Click on a portfolio name for more information.
| Portfolio | E.R. | % Equity | 1yr performance |
|---|---|---|---|
| Age-Based - Newborn | 1.16% | 85% | N/A |
| Age-Based - Age 1 | 1.16% | 85% | 7.83% |
| Age-Based - Age 2 | 1.15% | 82.8% | 7.71% |
| Age-Based - Age 3 | 1.15% | 81.2% | 7.64% |
| Age-Based - Age 4 | 1.15% | 79% | 7.67% |
| Age-Based - Age 5 | 1.14% | 76% | 7.64% |
| Age-Based - Age 6 | 1.14% | 73.4% | 7.51% |
| Age-Based - Age 7 | 1.14% | 70% | 7.42% |
| Age-Based - Age 8 | 1.13% | 66.2% | 7.34% |
| Age-Based - Age 9 | 1.13% | 62.1% | 7.24% |
| Age-Based - Age 10 | 1.13% | 58.8% | 7.07% |
| Age-Based - Age 11 | 1.12% | 54.5% | 6.97% |
| Age-Based - Age 12 | 1.11% | 47.7% | 6.81% |
| Age-Based - Age 13 | 1.1% | 41.4% | 6.56% |
| Age-Based - Age 14 | 1.09% | 34.8% | 6.24% |
| Age-Based - Age 15 | 1.08% | 28.5% | 5.96% |
| Age-Based - Age 16 | 1.07% | 23.7% | 5.61% |
| Age-Based - Age 17 | 1.04% | 18.3% | 5.39% |
| Age-Based - Age 18 | 1.03% | 14.1% | 5.14% |
| Age-Based - Age 19 | 1% | 10.5% | 4.92% |
| Age-Based - Age 20 | 0.98% | 6.9% | 4.73% |
| Age-Based - Age 21+ | 0.96% | 4.5% | 4.55% |
Age-based/Enrollment Year investment options:
Static investment options:
Underlying investments:
Underlying fund allocations:
Portfolio Fees & Performance Lookup
Fees & Expenses
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Money Market option: None
Fixed-Income Absolute Return: 0.25% (Class A), 0.45% (Class B), 1.00% (Class C)
All other options: 0.25% (Classes A and D), 1.00% (Class B); 1.00% (Class C)
Expenses of the underlying investments:
Total asset-based expense ratio:
Class B: 0.47% - 2.19%
Class C: 0.47% - 2.19%
Class D: 0.96% - 1.18%
Class Y: 0.30% - 1.19%
Broker loads and commissions:
Breakpoint pricing:
Does breakpoint pricing include non-529 assets under rights of accumulation policies
Taxes and other Benefits
Tax deduction for single filers:
Tax deduction for joint filers:
Note:
Program match on contributions:
State tax deduction or credit for contributions:
Nevada employers who make a matching contribution to employees participating in a Nevada 529 college savings plan are eligible for a 25% tax credit on matched contributions up to $500 per employee per year.
State definition of qualified expenses
State tax treatment of qualified distributions:
Does the sponsoring state exclude the value of an account for state financial aid purposes?
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
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:
Distributions & Terminations
To whom are distributions made payable:
Documents, Access & Reporting
Does participant have online password-protected access to account?
Can the complete enrollment process including funding be done online?
Documents and other services accessible or downloadable on the program's public Web site:
Contact
Telephone:
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