Limited Investment Direction. In general, an Account Owner, con- tributor, or designated beneficiary may not direct the investment of a Portfolio. However, once a Portfolio selection has been made at the time of enrollment, an Account Owner may change the investment selection up to two times per calendar year, and at any time with a change in the designated beneficiary of the Account. The ongoing money management is the responsibility of the Board. The Board has control over the Portfolio allocations and reserves the right to change them at its discretion.
Limited Investment Direction. You may not direct the underlying investments in an Account. The ongoing money management is the responsibility of Wealthfront. The only manner in which you can affect the money management is to change your Risk Score, which is limited to two times per year, or upon the change of the Beneficiary. Once the permitted two per calendar year Risk Score changes are made in our Account, a subsequent Risk Score change in your Account within the same calendar year will not be processed. The choice of the underlying investments of the Designated Portfolios is subject to the approval of the Board. Automatic investment exchanges that occur as your assets move through the Glide Path do not count towards your twice per calendar year investment exchange limit. Liquidity Investments in a Section 529 Plan are considered less liquid than other types of investments (e.g., investments in mutual fund shares) because the circumstances in which an Account owner may withdraw money from a Section 529 Plan account without a penalty or adverse tax consequences are significantly more limited. Potential Changes to the Plan The Board reserves the right, in its sole discretion, to discontinue the Plan or to change any aspect of the Plan. For example, the Board may change the Plan’s fees and expenses; add, subtract, or merge the Designated Portfolios; close a Designated Portfolio to new investors; or change the Program Manager or the underlying investment(s) of a Designated Portfolio. Depending on the nature of the change, you may be required to, or prohibited from, participating in the change with respect to Accounts established before the change. ABD may not necessarily continue as Program Manager, and Wealthfront may not necessarily continue as investment adviser and distributor to the Plan (although Wealthfront will continue as your investment adviser until either Wealthfront or you terminate that investment advisory relationship). If you have established Accounts prior to the time such changes are made to the Plan, you may be required to participate in such changes or may be prohibited (according to Section 529 regulations or other guidance issued by the IRS) from participating in such changes, unless you open a new Account. Furthermore, the Board may terminate the Plan by giving written notice to you, but the Plan may not thereby be diverted from the exclusive benefit of you and the Beneficiary. During the transition from one underlying investment to another underlying investment, ...
Limited Investment Direction. An Account Owner or contributor may not direct the Underlying Investments of a Portfolio. The ongoing money management is the responsibility of the Committee, BFA and, with respect to the Savings Portfolio, Xxxxxx Xxx Bank. However, an Account Owner may reallocate current Account assets among Portfolios up to two times every calendar year for a given Designated Beneficiary and upon a change of the Designated Beneficiary. Limited Liquidity Investments in a 529 Plan, such as the iShares 529 Plan, are considered less liquid than other types of investments (for example, investments in mutual fund shares), because the circumstances in which you may withdraw money from a 529 Plan account without a penalty or adverse tax consequences are significantly more limited.
Limited Investment Direction. An Account Owner or contributor may not direct the Underlying Investments of a Portfolio. The ongoing money management is the responsibility of the Committee, BFA and, with respect to the Savings Portfolio, Xxxxxx Xxx Bank. However, an Account Owner may reallocate current Account assets among Portfolios up to two times every calendar year for a given Designated Beneficiary and upon a change of the Designated Beneficiary. Limited Liquidity Investments in a 529 Plan, such as the iShares 529 Plan, are considered less liquid than other types of investments (for example, investments in mutual fund shares). While you may request a distribution at any time for any purpose, in order for the distribution to be tax-free for federal tax purposes, you must use the amounts withdrawn for Qualified Expenses.
Limited Investment Direction. You may not direct how a Portfolio’s assets are invested. The ongoing management of Advisor-Guided Plan investments is the responsibility of the Comptroller, Ascensus and JPMIM. In addition, you are limited under federal law in your ability to change the investment allocation for previous contributions and earnings. Limited Liquidity
