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Tennessee


TNStars College Savings 529 Program


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

Summary
The TNStars College Savings 529 Program is administered by the Tennessee Treasury Department. It features an age-based option, individual investment options with underlying funds from a range of fund companies including Vanguard, DFA, Primecap, and Maxim, and an interest bearing account option with First Tennessee Bank.

Program Details
Summary: The TNStars College Savings 529 Program is administered by the Tennessee Treasury Department. It features an age-based option, individual investment options with underlying funds from a range of fund companies including Vanguard, DFA, Primecap, and Maxim, and an interest bearing account option with First Tennessee Bank.
Program type: Savings
Program manager: State of Tennessee Treasury Department
State residency requirements: None
Maximum contributions: $235,000 including all accounts in the program and any accounts in Tennessee's BEST Prepaid Program held for the same beneficiary
Minimum contributions: The minimum initial or subsequent contribution to an account for each investment option is $25. Once an initial contribution is made to the account, there are no required subsequent contributions.
Age-based investment options: An age-based option offers five age bands. Contributions are placed into the portfolio corresponding to the beneficiary?s age and automatically shift to a more conservative portfolio over time.
Static investment options: Select among 13 individual options investing in Vanguard, DFA, Maxim or Primecap funds, or an interest bearing account option with First Tennessee Bank National Association.
Underlying investments: Vanguard and DFA in the age-based option; Vanguard, DFA, Maxim, and Primecap in the individual options
Enrollment or application fee: None
Account maintenance fee: None
Program management fees: 0.00% - 0.30%
Expenses of the underlying investments: Ranges from 0.10% to 0.26% in the age-based option; 0.05% to 0.68% in the individual options.
Total asset-based expense ratio: 0.35%, none for the interest bearing account.
Program match on contributions: Account owners who are Tennessee residents receive $100 with a rollover of an entire account balance from an existing college savings plan, including other 529 plans and the BEST Prepaid Plan.
State tax deduction or credit for contributions: Not applicable. Tennessee does not have a personal income tax.
Web site: Click here to visit
Telephone: 855-386-7827
Twitter Click here to visit
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