Difference between revisions of "Nebraska 529 plan archive"

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Latest revision as of 20:45, 6 November 2017

The Nebraska 529 plan archive page provides information on direct-sold 529 plans and highlights indexed portfolios. All information is derived from Savingforcollege.com and from 529 plan sites and disclosure documents. If you would like to compare this plan with other direct sold plans, use these Compare by Plan Name and Compare by Feature tools.

  • Open to Residents
  • Open to non-residents
Nebraska Education Savings Trust -- Direct College Savings Plan [1]:
Program match on contributions: Nebraska and non-Nebraska plan beneficiaries attending a Nebraska higher education institution are eligible to receive additional contributions from a privately-funded endowment fund (not yet available).
State tax deduction or credit for contributions: Contributions to a Nebraska 529 plan of up to $10,000 per year for single taxpayers and married taxpayers filing jointly, and up to $5,000 per year for married taxpayers filing separately, are deductible in computing Nebraska taxable income. Contributions made by the account owner or parents or guardians of UTMA/UGMA accounts are deductible. Contribution deadline is December 31 postmark.
State tax recapture provisions: The principal portion of rollovers and nonqualified withdrawals from this plan are included in Nebraska taxable income to the extent of prior Nebraska tax deductions.
Age-based investment options: The Age-Based Portfolios option offers a choice among three different risk levels (Aggressive, Growth, and Conservative) and an Index Option each containing up to five 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. Portfolios are a mixture of Vanguard Index Funds, State Street Index Funds, other providers' active funds.

The Age-Based Index Investment Option costs .35% - .39%.

Static investment options: Select among three multi-fund portfolios (Growth, Balanced Index, and Conservative) with varying risk tolerances and 16 individual-fund portfolios. The Balanced Index Option is a portfolio of 50% Equity and REIT funds and 50% Bond and Money Market funds at a cost of .35%.
Expenses: Individual Index Investment Options Cost: 0.32% - 0.39%; Age-Based Index Portfolio Cost: 0.36% - 0.40%; Balanced Index Investment Option Cost: 0.36%;

No annual account fee.

Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.
Expenses: Costs include a 0.26% Program Management Fee and a 0.03% State Administration Fee.

Investment options

The table below provides details on the Nebraska 529 savings plan's index portfolio offerings.

Aged-Based Index Option Index Options Balanced Index Option

NEStaticBalancedIndex.jpg

Age Equity + REIT Fixed Income + Money Market Cost Fund Cost Underlying fund Allocation
0-5 65% 35% .35% State Street S&P 500® Index .31% State Street S&P 500® Index 30%
6-10 45% 55% .36% Vanguard Total Stock Market Index Fund .33% Vanguard Extended Market Index Fund 5%
11-14 25% 75% .38% Vanguard Extended Market Index Fund .37% Vanguard REIT Index 5%
15-18 0% 100% .39% Vanguard REIT Index .37% State Street MSCI® ACWI Ex-U.S. Index 10%
19+ 0% 100% .38% State Street MSCI® ACWI Ex-U.S. Index .38% Vanguard Total Bond Market Index 38%
Vanguard Total Bond Market Index .34% Goldman Sacks Prime Money Market 5%
Vanguard Short Term Bond Index Fund .34% Vanguard Short Term Bond Index 5%
Vanguard Inflation-Protected Securities .36% SPDR Barclays Capital Int'l Treasury Bond ETF 2%
iShares Russell 2000 Growth Index ETF .54%
SPDR Barclays Capital Int'l Treasury Bond ETF .79%

References

External links