New Jersey 529 plan

New Jersey 529 Plan


 * Open to Residents
 * Not open to non-residents

Program match on contributions: There is no program match, however, New Jersey beneficiaries are eligible for a one-time scholarship of up to $1,500 for the first semester at any New Jersey college or university subject to minimum participation and contribution requirements

State tax deduction or credit for contributions: None

State tax treatment of rollovers: New Jersey follows federal tax-free treatment.

Age-based investment options: The Age-Based Investment Portfolios option consists of four portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary’s age, and later reassigned to more conservative portfolios as the beneficiary ages. For accounts established prior to March 17, 2003, contributions may be invested in age-based portfolios managed by the New Jersey Division of Investment.

Static investment options: Select among four multi-fund portfolios (Growth, Corefolio, Growth & Income, and Income), S&P 500 Index portfolio, and a stable value portfolio.

Single funds
 * S&P 500 Index 529 Portfolio (ER 0.85%)

Expenses: 0.85% to 1.22%


 * Plan site
 * Plan document

529 Plan Pages

 * 529 Plans
 * 529 Plans Indexed Options
 * 529 Plan Account Transfers‎
 * 529 Plan Recapture Tax on Rollovers
 * Collegesure 529 Tuition Indexed Programs

Links

 * Morningstar Overview
 * State Creditor Protections for 529 Plans