* You can sign your clients up for match programs directly from the enrollment form! *
How does college saving fit into your clients' overall investment strategy – and your own business success?
As the cost of college continues to triple every 17 years1, clients have never been more interested in 529 plans. At College SAVE, we have the technology to help you better manage your clients' 529 account, as well as downloadable tools to help build your 529 book of business.
Whether they're saving for their children, grandchildren, or others, your clients can benefit from College SAVE's special features:
- Tax-deferred compounding and tax-free qualified withdrawals2
- Special state tax deduction for North Dakota taxpayers3
- Vanguard investments, including age-based and individual portfolios
- High maximum contribution limit
- Access to multiple grant programs
Call Bank of North Dakota at 701-328-5882 to schedule an appointment with a local representative to cover the advantages of using College SAVE for your clients.
529 QuickView: one place for all your clients' 529 transactions.
No more sorting through stacks of paper, fumbling through files, or waiting for the latest account information to be mailed. With 529 QuickView, you get immediate online access to your clients' Ascensus-administered 529 plans, including North Dakota’s College SAVE Plan.
- Answer clients' account questions with data that's easily downloadable to your desktop.
- See the same screens that your clients do, so you can easily conduct online transactions including contributions, qualified withdrawals, allocation changes, annual exchanges, and transfers (with client approval).
- Forge closer client relationships and build assets by easily generating reports on:
- Annual account investment
- Client fund account balance
- Approaching beneficiary birthday
- Year to date contribution
- Approaching college age
1Twisdoms About Paying for College, Mark Kantrowitz, 2015.
2Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.
3Rollovers from another state's 529 plan are not eligible for the state income tax deduction.
Ascensus Broker Dealer Services is the distributor of the North Dakota College SAVE plan, Learn more about Ascensus Broker Dealer Services, LLC on FINRA's BrokerCheck.
For more information about North Dakota's College SAVE Plan (College SAVE), call 1-866-SAVE-529 (1-866-728-3529) or click here to obtain a Plan Disclosure Statement. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Disclosure Statement; read and consider it carefully before investing. Ascensus Broker Dealer Services, LLC (ABD) is Distributor of the College Save.
Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
College SAVE is a 529 plan established by the State of North Dakota. Bank of North Dakota (Bank) acts as trustee of College SAVE Trust, a North Dakota Trust, and is responsible for administering College SAVE Trust and College SAVE. ABD, the Plan Manager, and its affiliates, have overall responsibility for the day-to-day operations of the Plan, including recordkeeping and marketing. The Vanguard Group, Inc. (Vanguard) provides underlying investments for the Plan. The College SAVE's Portfolios, although they invest in mutual funds, are not mutual funds. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.
Investment returns are not guaranteed and you could lose money by investing in College SAVE. Participants assume all investment risks, including the potential for loss of principal, as well as responsibility for any federal and state consequences.
Not FDIC Insured. No Bank, State or Federal Guarantee. May Lose Value.
Vanguard and the ship logo are trademarks of The Vanguard Group, Inc. Upromise is a registered service mark of Upromise, Inc. All other marks are the exclusive property of their respective owners. Used with permission.