Facebook Pixel
Quick links
LoginGet started
529 Plans
College Savings 101
Student Loans
For Professionals

Victory Capital 529 Education Savings Plan

4 / 5

Our rating

Good NV resident benefits

NV resident benefits

Victory Capital 529 Education Savings Plan, offered by Victory Capital and administered by Nevada, is available to residents of any state, features age-based and static portfolio options and can be linked to the Upromise rewards service. Additionally, Victory Capital offers access to U.S.-based investment specialists at no additional cost and potential bonus opportunities.

Victory Capital 529 Education Savings PlanHigh Honors

KEY METRICS

OVERVIEW

Program type

Savings

Inception

2002

State agency

Board of Trustees of the College Savings Plans of Nevada

Tax deduction

For single filers: None

For joint filers: None

Program manager

Ascensus College Savings Recordkeeping Services, LLC.

Program distributor

Victory Capital Services, Inc.

Manager contract term

MORE INFORMATION

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens, UGMA/UTMA custodians, and trusts.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in Nevada's 529 plans for the same beneficiary reach $500,000.

Minimum contributions:

The initial contribution is $50 with the establishment of an automatic investment plan of at least $50 per month or $150 per quarter ($15 for contributions through Ugift), or $250 lump-sum contribution.

Does the program offer an e-gifting platform for receiving gift contributions?

This plan offers a robust gifting platform that allows gift-givers to save their own profile for recurring or future contributions through Ugift.

SPONSORED

Other great plans to consider

You are not limited to your own state's 529 plan, so compare the plan and tax benefits offered by your state to other options. Here are some plans that are available to residents of any state and have earned awards in our 529 Plan Ratings:

Investment Options

Investors in Victory Capital 529 Education Savings Plan can select from the following investment options. Click on a portfolio name for more information.

The Age-Based Option contains 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.
PortfolioE.R. % Equity1yr performance
Aggressive Growth (3-4 Years)0.88%86%4.99%
Growth (5-6 Years)0.85%76%5.14%
Moderately Aggressive (7-8 Years)0.81%66%5.27%
Moderate (9-11 Years)0.78%56%5.45%
Conservative (14-15 Years)0.7%36%5.58%
In College (18+ Years)0.57%16%5.7%
Very Aggressive Growth (0-2 Years)0.91%96%4.82%
Moderately Conservative (12-13 Years)0.75%46%5.5%
Very Conservative (16-17 Years)0.63%26%5.78%

Age-based/Enrollment Year investment options:

The Age-Based Option contains 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Static investment options:

Select among 10 Fixed Allocation portfolios (Very Aggressive, Aggressive Growth, Growth, Moderately Aggressive, Moderate, Moderately Conservative, Conservative, Very Conservative and In-College) and a money-market portfolio (Preservation of Capital).

Underlying investments:

Victory Funds mutual funds

Underlying fund allocations:

Portfolio Fees & Performance Lookup

Fees & Expenses

Enrollment or application fee:

None.

Account maintenance fee:

$10 annual minimum balance fee for accounts with a balance of less than $1,000 that do not have automatic deposit; waived for Nevada residents.

Program management fees:

0.08%

Expenses of the underlying investments:

Not applicable., 0.35% to 0.83%.

Total asset-based expense ratio:

0.43% to 0.91%

Taxes and other Benefits

Tax deduction for single filers:

None

Tax deduction for joint filers:

None

Note:

Nevada doesn't offer tax deductions

Program match on contributions:

Victory Capital 529 Distinguished Valor Matching Grant Program matches up to a lifetime maximum of $1,500 of contributions to this 529 plan with an annual maximum match of $300. The account owner must have honorably served or currently serve on active duty in the U.S. military, including the Active Reserves, Active Guard or Nevada National Guard. The account owner must have an adjusted gross income (AGI) for their household of less than $150,000. The designated beneficiary must not have reached the age of 13 by December 31 of the year in which the application is submitted. You must be the account owner of a Victory Capital 529 Education Savings Plan account or open an account at the time the application is submitted.

State tax deduction or credit for contributions:

Not applicable. Nevada does not have a personal income tax.

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 tax recapture provisions:

N/A

State definition of qualified expenses

The state conforms with the federal definition of qualified education expenses, which includes expenses for higher education, apprenticeship programs, interest and/or principal on qualified education loans up to a $10,000 lifetime cap, and up to $10,000 per year in tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. Distributions from a 529 account directly to a Roth IRA are considered a qualified expense.

State tax treatment of qualified distributions:

Not applicable. Nevada does not have a personal income tax.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

No

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Is there a rewards program or outside scholarship program that works with this program?

Yes, 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:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

Yes

Documents and other services accessible or downloadable on the program's public Web site:

Contact

Website:

http://www.vcm.com/529

Telephone:

1-800-235-8396

Twitter

https://twitter.com/VCMTweets

Social Media

Facebook.com/victorycapitalmanagement
https://www.linkedin.com/company/victory-capital-management/

A good place to start:

See the best 529 plans, personalized for you
Helping families save for college since 1999
Key Resources
Our Company
Join our email list

The latest articles and tips to help parents stay on track with saving and paying for college, delivered to your inbox every week.

Frequently featured in:

Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.

20533 Biscayne Blvd Ste 4 #199 Miami, FL 33180-1501Phone: (585) 286-5426Copyright © 2025 Saving for College, LLC. All Rights Reserved