529 Plan. A tax-sheltered plan with companies approved by the board that is designed to help people save for the expenses of a college education.
529 Plan. A statement issued by the distributing plan that shows the earnings portion of the distribution. In the case of a direct Rollover from one 529 Plan to another, the distributing program is required to provide the receiving program with a statement identifying the earnings portion of the amount transferred within 30 days after the distribution or by January 10th of the year following the calendar year in which the Rollover occurred, whichever is earlier.
