NEST 529 advisor College Savings Plan changes announced Lower fees, adjustments to current plan for greater benefits
Nebraska State Treasurer Don Stenberg and First National Bank of Omaha today announced improvements to the NEST 529 Advisor College Savings Plan, effective August 27, 2017, to simplify the Plan’s structure and reduce costs. The changes include lowering the total asset-based fees for the majority of the Age-Based and Static Investment Options, reducing the Class A Up-Front Sales Load, and implementing a feature to reduce the life-time cost to the account owner invested in Class C. The Maximum Contribution Limit also has been raised from $360,000 to $400,000.
“The NEST 529 Advisor Plan is recognized industry-wide as a low-cost, high performing plan with excellent investment choices,” said Nebraska State Treasurer Don Stenberg. “These changes will enhance the Plan and have the potential to yield even better performance in the future for account owners.”
To read more please log in or subscribe to the digital edition. http://www.etypeservices.com/Bridgeport%20News-BladeID393/