College & Career

Alabama

CollegeCounts 529 Fund Advisor Plan
5 Cap Ratings
rating grahic rating grahic
(Resident Rating) (Non-Resident Rating)
Summary

The manager for Alabama CollegeCounts 529 Fund Advisor Plan changed from Van Kampen to Union Bank and Trust Company in August 2010. It features age-based, static and individual fund portfolio options using mutual funds from multiple fund firms.

Program Details
  • Summary: The manager for Alabama CollegeCounts 529 Fund Advisor Plan changed from Van Kampen to Union Bank and Trust Company in August 2010. It features age-based, static and individual fund portfolio options using mutual funds from multiple fund firms.
  • Program type: Savings
  • Program manager: UBT 529 Fund Services, a division of Union Bank & Trust Company
  • State residency requirements: None
  • Maximum contributions: Accepts contributions until all account balances in Alabama 529 plans for the same beneficiary reach $350,000.
  • Minimum contributions: No minimum.
  • Age-based investment options: The Age-Based Portfolios option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 5 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and based on the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.
  • Static investment options: Select among 6 multi-fund Target portfolios and 25 Individual-fund portfolios.
  • Underlying investments: PIMCO, BlackRock, T. Rowe Price, Northern Funds, Fidelity, American Century, William Blair, Lazard, Neuberger Berman, Lord Abbett, and Cohen & Steers, Credit Suisse, DFA, Voya, Templeton, Touchstone
  • Enrollment or application fee: None, but contributions may be subject to a sales charge depending on share class.
  • Account maintenance fee: $12 annually, waived if either the account owner or designated beneficiary is an Alabama resident.
  • Program management fees: 0.42% (includes 0.10% state administrative fee), plus distribution/servicing fee of 0.25% (Class A), 0.50% (Class C), or 0.00% (Class F). The BlackRock Cash option has no state administrative, distribuiton, or servicing fee.
  • Expenses of the underlying investments: Ranges from 0.12% to 0.61% (portfolio weighted average) in the age-based and static multi-fund portfolios, and 0.11% to 1.25% in the individual-fund portfolios.
  • Total asset-based expense ratio: Class A: 0.44% - 1.92%
    Class C: 0.44% - 2.17%
    Class F: 0.44% - 1.67%
  • Program match on contributions: None.
  • State tax deduction or credit for contributions: Contributions, including rollover contributions, to an Alabama 529 plan of up to $5,000 per year by an individual, and up to $10,000 per year by married taxpayers filing jointly who each make their own contributions, are deductible in computing Alabama taxable income.
  • Web site: Click here to visit
  • Telephone: 1-866-529-2228
  • Twitter
  • Facebook Click here to visit
Powered by Savingforcollege.com
Copyright 2011 Savingforcollege.com, LLC. All Rights Reserved.

Show Show Bankrate.com's disclaimer

The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.

MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.19%  0.08 4.27%
15 year fixed 3.27% --0.00 3.27%
5/1 ARM 3.36%  0.01 3.35%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.38% --0.00 4.38%
50K FICO-based HELOC 4.11% --0.00 4.11%
100K FICO-based HELOC 3.96% --0.00 3.96%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.63%  0.10 2.73%
48 month used car loan 2.91%  0.06 2.97%
60 month new car loan 3.16%  0.06 3.22%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.90% --0.00 0.90%
2 Year CD 1.10%  0.01 1.09%
5 Year CD 1.81%  0.07 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.66%  0.01 15.67%
Cash Back Cards 16.36% --0.00 16.36%
Low Interest Cards 10.86%  0.01 10.87%
 
Next
advertisement
About $2.5 billion of Citi's $7 billion settlement will go to consumers
advertisement
Is your money safe?
or ? See your bank, thrift or credit union's star rating. Find one that's safe enough for you.
Partner Center
advertisement

Connect with us