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Texas


Lonestar 529 Plan


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

Summary
The program management of Texas' Lonestar 529 Plan was assumed by NorthStar Financial Services Group, LLC in September 2014. The plan offers an age-based option, two multi-fund portfolios, and 11 individual fund portfolios.

Program Details
Summary: The program management of Texas' Lonestar 529 Plan was assumed by NorthStar Financial Services Group, LLC in September 2014. The plan offers an age-based option, two multi-fund portfolios, and 11 individual fund portfolios.
Program type: Savings
Program manager: NorthStar Financial Services Group, LLC
State residency requirements: None
Maximum contributions: Accepts contributions until all account balances in Texas' 529 plans for the same beneficiary reach $370,000.
Minimum contributions: $25 per portfolio, or $15 per portfolio with the automatic contribution plan.
Age-based investment options: The Age-Based Portfolios option consists of 6 portfolios of underlying funds. Contributions are placed into the portfolio that corresponds to the age of the beneficiary. The portfolios automatically shift to a more conservative investment allocation over time.
Static investment options: Select among 2 multi-fund portfolios (the 100% Equity portfolio and the Balanced portfolio) and 11 individual-fund portfolios.
Underlying investments: Mutual funds managed by Artisan, DFA, Dodge & Cox, Dreyfus, Invesco, T. Rowe Price, Templeton, Thornburg, TIAA-CREF, and William Blair.
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: 0.6193% management fee (including 0.0843% state fee) for all portfolios. Additional distribution/servicing fees of 0.25% (Class A) or 1.00% (Classes B and Advisor class). The Money Market and U.S. Government Money Market Portfolios have no distribution/servicing fees.
Expenses of the underlying investments: Ranges from 0.1903% to 0.5948% in the age-based and static multi-fund portfolios, and 0.06% to 0.85% in the individual-fund portfolios.
Total asset-based expense ratio: Class A: 0.6793% - 1.7193%
Class B: 0.6793% - 2.4693%
Advisor Class: 0.6793% - 2.4693%
Program match on contributions: None.
State tax deduction or credit for contributions: Not applicable. Texas does not have a personal income tax.
Web site: Click here to visit
Telephone: 1-800-445-4723, option 4
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