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Morgan Stanley National Advisory 529 Plan

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Basic NC resident benefits

NC resident benefits

The North Carolina State Education Assistance Authority (NCSEAA) contracts with Morgan Stanley Smith Barney LLC as the manager of The Morgan Stanley National Advisory 529 Plan. The plan is offered exclusively to clients participating in Morgan Stanley sponsored investment advisory programs. Account owners may invest in one of thirteen investment options comprising several MS 529 funds that invest in Morgan Stanley Pathway Funds. To find a financial advisor in your area, use the Directory of Financial Professionals.

Morgan Stanley National Advisory 529 Plan

OVERVIEW

Program type

Savings

Inception

2020

State agency

North Carolina State Education Assistance Authority

Tax deduction

For single filers: None

For joint filers: None

Program manager

Morgan Stanley Smith Barney LLC

Program distributor

Morgan Stanley Smith Barney LLC

Manager contract term

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

Any individual of majority age, UGMA/UTMA custodians, and legal entities are eligible for participation in the plan if, as of the date of the plan's Participation Agreement, the individual or entity: (i) is a Morgan Stanley Wealth Management advisory client; and (ii) consents and agrees to the terms and conditions of the Participation Agreement.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances maintained by the NCSEAA reach $550,000. The maximum limit includes the principal portion of rollover contributions. The earnings portion is excluded.

Minimum contributions:

The minimum initial contribution is $1,000; no minimum for subsequent contributions.

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

This plan does not offer an online gifting portal allowing for easy sharing but may offer gift certificates or allow mail-in gift contributions.

Investment Options

Investors in Morgan Stanley National Advisory 529 Plan can select from the following investment options. Click on a portfolio name for more information.

Age-based/Enrollment Year investment options:

None

Static investment options:

Select from 13 investment options representing different risk-level models ranging from conservative to all equity aggressive allocations.

Underlying investments:

Morgan Stanley Pathway Funds using over 20 3rd party underlying institutional-caliber fund managers.

Underlying fund allocations:

Fees & Expenses

Enrollment or application fee:

None

Account maintenance fee:

None

Program management fees:

State fee of 0.10%

Expenses of the underlying investments:

0.56% to 0.62%

Total asset-based expense ratio:

0.66% to 0.72%

Broker loads and commissions:

Taxes and other Benefits

Tax deduction for single filers:

None

Tax deduction for joint filers:

None

Note:

North Carolina doesn't offer tax deductions

Program match on contributions:

None

State tax deduction or credit for contributions:

None

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 for state income tax purposes.

State tax treatment of qualified distributions:

Qualified distributions from North Carolina and non-North Carolina 529 plans are exempt.

State tax treatment of rollovers:

North Carolina follows federal tax-free treatment.

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?

No

Statutory protection of an account from creditors:

Distributions & Terminations

To whom are distributions made payable:

Account owner or designated beneficiary or institution

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership as long as the new account owner is also an Advisory MS Wealth Management Client.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes, clients may view their accounts on Morgan Stanley Online or the Morgan Stanley Mobile application.

Can the complete enrollment process including funding be done online?

No

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

Contact

Website:

https://www.morganstanley.com/what-we-do/wealth-management/529-plan-options-save-for-college?Open#529plan

Telephone:

Clients should contact their Morgan Stanley Financial Advisor.

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