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Montana


Montana Family Education Savings Program -- Investment Plan


5 Cap Ratings
(Resident Rating) (Non-Resident Rating)

Summary
Montana Family Education Savings Program -- Investment Plan switched program managers in December 2010 from Pacific Life Funds to Upromise Investments, Inc. The program is now direct-sold only, and features Vanguard funds as underlying investments. Accounts can be linked to the Upromise rewards service.

Program Details
Summary: Montana Family Education Savings Program -- Investment Plan switched program managers in December 2010 from Pacific Life Funds to Upromise Investments, Inc. The program is now direct-sold only, and features Vanguard funds as underlying investments. Accounts can be linked to the Upromise rewards service.
Program type: Savings
Program manager: College Savings Bank with administrative services by Upromise Investments, Inc., and with The Vanguard Group as investment manager
State residency requirements: None
Maximum contributions: Accepts contributions until all account balances in Montana's 529 plans for the same beneficiary reach $396,000.
Minimum contributions: $25 or $15 through payroll deduction.
Age-based investment options: None.
Static investment options: Select among 5 Vanguard portfolios, LifeStrategy Growth, LifeStrategy Moderate Growth, LifeStrategy Conservative Growth, Total Stock Market Index and Total International Stock Index
Underlying investments: Vanguard mutual funds.
Enrollment or application fee: None.
Account maintenance fee: $25 annually, waived for accounts with a Montana resident as beneficiary and for accounts with balances of $25,000 or more and for account with automatic bank deposits or by payroll deduction.
Program management fees: 0.67% - 0.77%
Expenses of the underlying investments: Ranges from 0.05% to 0.21%
Total asset-based expense ratio: 0.82% - 0.89%
Program match on contributions: None.
State tax deduction or credit for contributions: Contributions to Montana AND non-Montana 529 plans of up to $3,000 per year by an individual, and up to $6,000 per year by a married couple filing jointly, are deductible in computing Montana taxable income. Only contributions made by the account owner, the account owner's spouse, or the account owner's custodian/parent are deductible. Contribution deadline is December 31.
Web site: Click here to visit
Telephone: 1-800-888-2723
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