College & Career

Nevada

Putnam 529 for America
5 Cap Ratings
rating grahic rating grahic
(Resident Rating) (Non-Resident Rating)
Summary

Launched in October 2010, Nevada's Putnam 529 for America advisor-sold 529 savings plan offers 3 age-based options, 3 goal-based options, 11 individual-fund options, and 4 options consisting of the Putnam Absolute Return Funds. The 11 individual-fund options include several non-Putnam mutual funds.

Program Details
  • Summary: Launched in October 2010, Nevada's Putnam 529 for America advisor-sold 529 savings plan offers 3 age-based options, 3 goal-based options, 11 individual-fund options, and 4 options consisting of the Putnam Absolute Return Funds. The 11 individual-fund options include several non-Putnam mutual funds.
  • Program type: Savings
  • Program manager: Putnam Investments
  • State residency requirements: None
  • Maximum contributions: Accepts contributions until all 529 account balances in Nevada's 529 plans for the same beneficiary reach $370,000.
  • Minimum contributions: $25 minimum initial contribution, currently being waived.
  • Age-based investment options: The Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, and Conservative). Contributions are allocated among 5 Putnam-managed asset-allocation portfolios based on the selected risk level and the age of the beneficiary.
  • Static investment options: 3 goal-based options (Aggressive Growth, Growth, and Balanced), 4 Putnam Absolute Return Funds options, and 11 individual-fund options.
  • Underlying investments: Mutual funds from Putnam, MFS, Principal, Federated, Fidelity. and State Street.
  • Enrollment or application fee: None, but contributions may be subject to a sales charge depending on share class.
  • Account maintenance fee: $15 annual account maintenance fee for accounts with less than $25,000, waived for residents of Nevada, accounts in an automatic investment plan, or participants in particular corporate payroll deduction plans and affinity programs.
  • Program management fees: 0.10% administrative fee to the state, plus reimbursed expenses of up to 0.04%, plus distribution/servicing fees as follows:

    Money Market option: 0.25% (Class A), 0.25% (Class B), 0.50% (Class C)

    Absolute Return Funds 100 and 300: 0.25% (Class A), 0.45% (Class B), 1.00% (Class C)

    All other options: 0.25% (Classes A and D), 1.00% (Class B); 1.00% (Class C)

  • Expenses of the underlying investments: Ranges from 0.57% to 0.79% (portfolio weighted average) in the age-based and static multi-fund portfolios, and from 0.18% to 1.41% in the individual fund portfolios.
  • Total asset-based expense ratio: Class A: 0.57% - 1.77%
    Class B: 0.90% - 2.52%
    Class C: 1.15% - 2.52%
    Class D: 1.00% - 1.15%
  • Program match on contributions: None.
  • State tax deduction or credit for contributions: Not applicable. Nevada does not have a personal income tax.
  • Web site: Click here to visit
  • Telephone: 1-877-788-6265
  • Twitter
  • Facebook
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, 0 point 4.27%  0.05 4.22%
15 year fixed, 0 point 3.27% --0.00 3.27%
5/1 ARM 3.35%  0.13 3.48%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.38%  0.08 4.46%
50K FICO-based HELOC 4.11%  0.06 4.17%
100K FICO-based HELOC 3.96%  0.03 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.73% --0.00 2.73%
48 month used car loan 2.97%  0.04 2.93%
60 month new car loan 3.22%  0.05 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.90%  0.02 0.92%
2 Year CD 1.09% --0.01 1.08%
5 Year CD 1.74% --0.00 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.67%  0.02 15.65%
Cash Back Cards 16.36%  0.03 16.33%
Low Interest Cards 10.87% --0.00 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