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Wealthfront 529 College Savings Plan

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Good NV resident benefits

NV resident benefits

The Wealthfront 529 College Savings Plan is an advisor-sold plan sponsored by the State of Nevada with Ascensus Broker Dealer Services, Inc. serving as program manager. Wealthfront is a completely online platform serving as an automated investment adviser. Wealthfront conducts a risk assessment for each account owner and, in combination with the beneficiary's expected enrollment date, allocates its participants to one of twenty custom portfolios. These portfolios may be allocated among up to nine mutual funds and ETFs from BlackRock iShares and Vanguard.

Wealthfront 529 College Savings Plan

OVERVIEW

Program type

Savings

Inception

2016

State agency

Board of Trustees of the College Savings Plans of Nevada, Nevada State Treasurer

Tax deduction

For single filers: None

For joint filers: None

Program manager

Ascensus College Savings

Program distributor

Wealthfront Brokerage LLC

Manager contract term

MORE INFORMATION

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens, and legal entities.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all 529 account balances in Nevada's 529 plans for the same beneficiary reach $500,000.

Minimum contributions:

$500 minimum initial contribution. Subsequent contributions must be at least $100.

Does the program offer an e-gifting platform for receiving gift contributions?

This plan offers an online tool to share a gift contribution link with family and friends.

Investment Options

Investors in Wealthfront 529 College Savings Plan can select from the following investment options. Click on a portfolio name for more information.

Wealthfront designs an individual portfolio for each account owner based on a risk tolerance assessment. An account owner's individual portfolio is assigned to one of 20 glide paths, each of which determines how the portfolio's asset allocations will change over time. Each glide path gradually shifts the asset allocations of the underlying or "Designated Portfolios" in an individual portfolio to progressively decreasing levels of expected risk as the college enrollment date approaches.
PortfolioE.R. % Equity1yr performance
Glide Path 1000.45%N/AN/A
Glide Path 950.45%N/AN/A
Glide Path 900.45%N/AN/A
Glide Path 850.45%N/AN/A
Glide Path 800.45%N/AN/A
Glide Path 750.45%N/AN/A
Glide Path 700.45%N/AN/A
Glide Path 650.45%N/AN/A
Glide Path 600.45%N/AN/A
Glide Path 550.45%N/AN/A
Glide Path 500.45%N/AN/A
Glide Path 450.45%N/AN/A
Glide Path 400.45%N/AN/A
Glide Path 350.45%N/AN/A
Glide Path 300.45%N/AN/A
Glide Path 250.45%N/AN/A
Glide Path 200.45%N/AN/A
Glide Path 150.45%N/AN/A
Glide Path 100.46%N/AN/A
Glide Path 50.46%N/AN/A

Age-based/Enrollment Year investment options:

Wealthfront designs an individual portfolio for each account owner based on a risk tolerance assessment. An account owner's individual portfolio is assigned to one of 20 glide paths, each of which determines how the portfolio's asset allocations will change over time. Each glide path gradually shifts the asset allocations of the underlying or "Designated Portfolios" in an individual portfolio to progressively decreasing levels of expected risk as the college enrollment date approaches.

Underlying investments:

Vanguard and iShares ETFs

Underlying fund allocations:

Fees & Expenses

Enrollment or application fee:

None

Account maintenance fee:

None

Program management fees:

0.06% (includes 0.01% Board Fee) plus advisory fee of 0.25%. The 0.25% advisory fee is waived for Nevada residents on the first $25,000 for Nevada residents of assets under management.

Expenses of the underlying investments:

Glide path fees range from 0.11% - 0.15%. Individual underlying portfolio fees range from 0.03% to 0.39%.

Total asset-based expense ratio:

The portfolio glide paths range from 0.42% to 0.46%. Individual underlying portfolios range from 0.34% - 0.70%. Final expenses may be lower as the 0.25% advisory fee portion is waived for Nevada residents on the first $25,000 for of assets under management.

Taxes and other Benefits

Tax deduction for single filers:

None

Tax deduction for joint filers:

None

Note:

Nevada doesn't offer tax deductions

Program match on contributions:

None

State tax deduction or credit for contributions:

Not applicable. Nevada does not have a personal income tax.

Nevada employers who make a matching contribution to employees participating in a Nevada 529 college savings plan are eligible for a 25% tax credit on matched contributions up to $500 per employee per year.

State definition of qualified expenses

The state conforms with the federal definition of qualified education expenses, which includes expenses for higher education, apprenticeship programs, interest and/or principal on qualified education loans up to a $10,000 lifetime cap, and up to $10,000 per year in tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. Distributions from a 529 account directly to a Roth IRA are considered a qualified expense.

State tax treatment of qualified distributions:

Not applicable. Nevada does not have a personal income tax.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

No

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Is there a rewards program or outside scholarship program that works with this program?

Yes, the Upromise Rewards program can be linked to any 529 college savings plan. Upromise Rewards is free to join and offers members cash back for college.

Statutory protection of an account from creditors:

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

Yes

Documents and other services accessible or downloadable on the program's public Web site:

Contact

Website:

http://www.wealthfront.com/529

Telephone:

650-249-4250

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