College & Career

New Hampshire

UNIQUE College Investing Plan
5 Cap Ratings
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Summary

New Hampshire's UNIQUE College Investing Plan is Fidelity-managed 529 plan follows the same approach as other Fidelity plans in Arizona, Delaware and Massachusetts. It features three age-based options; one using Fidelity mutual funds, one using Fidelity index mutual funds, and a third multi-firm option with portfolios that invest in funds offered by several different companies. The plan also offers 11 static options, and one option that invests in an interest-bearing deposit account.

Program Details
  • Summary: New Hampshire's UNIQUE College Investing Plan is Fidelity-managed 529 plan follows the same approach as other Fidelity plans in Arizona, Delaware and Massachusetts. It features three age-based options; one using Fidelity mutual funds, one using Fidelity index mutual funds, and a third multi-firm option with portfolios that invest in funds offered by several different companies. The plan also offers 11 static options, and one option that invests in an interest-bearing deposit account.
  • Program type: Savings
  • Program manager: Fidelity Investments
  • State residency requirements: None
  • Maximum contributions: Accepts contributions until all account balances in New Hampshire's 529 plans for the same beneficiary reach $375,000.
  • Minimum contributions: With lump-sum contributions, the minimum initial contribution is $50, and the minimum subsequent contribution is $25. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.
  • Age-based investment options: Choose between 3 age-based options, one invested in Fidelity mutual funds, another invested in Fidelity index mutual funds, and a third multi-firm option with portfolios that invest in funds offered by several different companies. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.
  • Static investment options: Select among 6 multi-fund portfolios, 5 individual-fund portfolios and a Bank Deposit Portfolio.
  • Underlying investments: Fidelity Investments, Aston, BlackRock, Credit Suisse, Harbor, JPMorgan, Royce, Acadian Funds, Causeway, MFS, William Blair, Western Asset, Natixis, Invesco, Eaton Vance, and PIMCO mutual funds. For the Bank Deposit Portfolio only, a deposit in a FDIC-insured interest-bearing account.
  • Enrollment or application fee: None.
  • Account maintenance fee: None.
  • Program management fees: 0.09% for the index fund options (includes 0.05% state fee); 0.20% for the Fidelity fund options (includes 0.10% state fee); 0.35% for the multi-firm fund options (includes 0.10% state fee). For the Bank Deposit Portfolio, there is a 0.10% Program Management Fee (includes 0.05% state fee) and is based on the Federal Funds Target Rate.
  • Expenses of the underlying investments: Ranges from 0.10% to 0.20% annualized in the Fidelity index fund portfolios, from 0.36% to 0.83% annualized in the Fidelity funds portfolios, and 0.70% to 1.09% in the multi-firm portfolios. For the Bank Deposit Portfolio, there is no underlying fund expense. There is, however, a Bank Administration Fee, which ranges from 0.00%-0.40% and is based on the Federal Funds Target Rate.
  • Total asset-based expense ratio: 0.19% - 1.44%
  • Program match on contributions: None.
  • State tax deduction or credit for contributions: Not applicable. New Hampshire does not have a personal income tax.
  • Web site: Click here to visit
  • Telephone: 1-800-544-1914
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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.

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