OPENING AND MAINTAINING AN ACCOUNT. Who can open an account
OPENING AND MAINTAINING AN ACCOUNT. To open an Account, you must be least 18 years old, have a Social Security Number or Individual Taxpayer Identification Number and have a physical street address in the United States of America. Alternatively, your Account application will be considered on a case by case basis if you have a physical street address in the U.S. territories of Puerto Rico, United States Virgin Islands or American Samoa (“Specified U.S. Territories”); or a military or embassy address on a U.S. military base or at a U.S. embassy (i.e., an Army/Air Post Office, Fleet Post Office, or Diplomatic Post Office address) (“U.S. Jurisdictions”). You may not use a post office box (other than on a U.S. military base or at a Diplomatic Post Office) as an address to open an Account. Accounts may only be opened by natural persons and may only be used for personal, family, or household purposes. Accounts may not be opened or maintained by businesses or used for business purposes. Accounts may not be opened in the name of a trust or other legal entity or by a fiduciary (e.g., executor, conservator, guardians, trustees, etc.). If, however, a fiduciary is appointed by a court or by operation of law after Account opening, we may allow the fiduciary to access and control an Account on a temporary basis; thereafter, the Account will be closed.
OPENING AND MAINTAINING AN ACCOUNT. Using Financial Advisors Who can open an account No limits on the number of accounts
OPENING AND MAINTAINING AN ACCOUNT. Who Can Open an Account? How Do I Open an Account? How Many Accounts Can I Open? When Can I Open an Account for an Infant?
OPENING AND MAINTAINING AN ACCOUNT. 15 PART 4 – BENEFICIARIES 18 PART 5 – CONTRIBUTING TO AN ACCOUNT 19
OPENING AND MAINTAINING AN ACCOUNT. Using State Farm Registered Representatives Who can open an account No limits on the number of accounts
OPENING AND MAINTAINING AN ACCOUNT. 13 PART 4 - BENEFICIARIES 16 PART 5 - CONTRIBUTING TO AN ACCOUNT PART 6 - INVESTMENT OPTIONS OVERVIEW 22 PART 7 - AGE-BASED INVESTMENT OPTIONS PART 8 - STATIC INVESTMENT OPTIONS 25 PART 9 - INDIVIDUAL FUND INVESTMENT OPTIONS 27 PART 10 - DESCRIPTIONS OF THE UNDERLYING INVESTMENTS 28 PART 11 - CERTAIN RISKS TO CONSIDER PART 12 - PERFORMANCE 48 PART 13 - PLAN FEES AND EXPENSES 52 PART 14 - DISTRIBUTIONS FROM AN ACCOUNT 56 PART 15 - FEDERAL AND STATE TAX CONSIDERATIONS 58 PART 16 - OTHER CONSIDERATIONS 61 PART 17 - GLOSSARY 63 EXHIBIT A — PARTICIPATION AGREEMENT 66 ADDITIONAL INFORMATION REGARDING FINANCIAL PRIVACY 71 Issuer: Nebraska Educational Savings Plan Trust Trustee: Nebraska State Treasurer Investment Oversight: Nebraska Investment Council Program Manager: Union Bank and Trust Company Contact Information: Bloomwell 529 Education Savings Plan PART 1 — OVERVIEW The Trust and the Plan The Program Manager Contributing to an account Investment Options Federal income tax benefits
OPENING AND MAINTAINING AN ACCOUNT. General The Program is open to both residents and non-residents of the State of Colorado. Regardless of your state of residency, you may participate in and receive benefits (other than Colorado state tax benefits) from the Program. However, if neither the Account Owner nor the Beneficiary is a Colorado resident (either when the Account is opened or because the Account Owner or the Beneficiary moves to a new state), the Account Owner may be required to pay an annual Account maintenance fee. See “Fees and Expenses—Account Fees.” The Colorado income tax deduction for contributions to the Program, as described herein, is available only to Colorado taxpayers investing in Colorado plans under current law, which may be changed through future legislative or judicial action. Section 529 plans offered by states other than the State of Colorado may offer tax or other benefits to taxpayers or residents of those other states that are not available with regard to the Program. Taxpayers and residents of states other than the State of Colorado should consider the tax treatment and other benefits available in their home state, if any, before making an investment decision. Account Application SCHOLARS C HOICE COLLEGE S AVINGS PROGRAM To participate, an Account Owner opens an individual Account established and maintained as part of the Trust. The Manager will open the Account when it or its designee receives a completed and signed Scholars Choice College Savings Program Account Application, which is available from financial intermediaries that have entered into a selling, service or similar agreement with Xxxx Xxxxx Investor Services, LLC (“selling institutions”). Each Account, other than Accounts maintained under omnibus account arrangements as described below, will be established with the Manager as a separate account under the Program for a single Beneficiary. The Account Application incorporates the Participation Agreement between the Account Owner and CollegeInvest. Omnibus Accounts Maintained by Certain Selling Institutions Accounts in the Program are established through selling institutions. Certain selling institutions may enter into an omnibus services agreement with Xxxx Xxxxx Investor Services, LLC pursuant to which the selling institution, rather than the Program’s transfer agent, is responsible for performing various recordkeeping services with respect to Accounts established by all or certain of its customers. Such services may include the establishment and mai...
OPENING AND MAINTAINING AN ACCOUNT. Who Can Open an Account? How Do I Open an Account? How Many Accounts Can I Open? When Can I Open an Account for an Infant? Who Controls an Account? May I Change Ownership of a Plan Account? Can I Name a Successor to Take Over Ownership of My Account Upon My Death? Where Can I Obtain Additional Forms and Enrollment Kits?
