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Nebraska


State Farm College Savings Plan


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

Summary
Nebraska's State Farm College Savings Plan utilizes OppenheimerFunds, Federated, and State Farm mutual funds in its age-based and static portfolios. For complete details, see a State Farm financial advisor.

Program Details
Summary: Nebraska's State Farm College Savings Plan utilizes OppenheimerFunds, Federated, and State Farm mutual funds in its age-based and static portfolios. For complete details, see a State Farm financial advisor.
Program type: Savings
Program manager: First National Bank of Omaha, with OFI Private Investments Inc. as investment manager and servicing agent.
State residency requirements: None
Maximum contributions: Accepts contributions until all account balances in Nebraska's 529 plans for the same beneficiary reach $360,000.
Minimum contributions: With lump-sum contributions, the minimum initial contribution is $250 per account, and the minimum subsequent contribution is $50 per portfolio. With the automatic investment plan, the minimum contribution level is $50 per portfolio.
Age-based investment options: The Enrollment-Based Portfolios contain 5 portfolios. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment, and later reassigned to more conservative investment allocations as the beneficiary approaches college age.
Static investment options: Select among 4 portfolios: Growth, Moderate Growth, Balanced, and Money Market.
Underlying investments: OppenheimerFunds mutual funds, Federated U.S. Government Securities Fund, and State Farm Bond Fund.
Enrollment or application fee: None, but contributions may be subject to a sales charge depending on share class.
Account maintenance fee: None.
Program management fees: 0.22% (including 0.05% state fee), plus distribution/servicing fee of 0.25% (Class A) or 1.00% (Class B), except the Money Market Portfolio has no distribution/servicing fee.
Expenses of the underlying investments: Ranges from 0.16% to 0.82%.
Total asset-based expense ratio: Class A: 0.38% - 1.29%
Class B: 0.38% - 2.04%
Program match on contributions: None.
State tax deduction or credit for contributions: Contributions to a Nebraska 529 plan of up to $10,000 per year for single taxpayers and married taxpayers filing jointly, and up to $5,000 per year for married taxpayers filing separately, are deductible in computing Nebraska taxable income. Contributions made by the account owner or parents or guardians of UTMA/UGMA accounts are deductible. Contribution deadline is December 31 postmark.
Web site: Click here to visit
Telephone: 1-800-321-7520
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