Account Owners
Lower costs, enhanced asset allocations, new fund families, and a refreshed look are coming the first week of December. These changes will be integrated seamlessly with no action required on your part.
Your New Benefits
This December, the NEST Advisor Plan will launch enhancements to benefit college savers. They include:
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New Program Manager. Through an open and competitive bid process, the State of Nebraska has selected a new program manager – Union Bank & Trust (“UBT”). Since 2001, UBT has managed highly regarded 529 plans, and we’re excited to partner with such a well-established and respected institution.
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Even Lower Costs. We have worked to negotiate lower fees, keeping more money in the accounts of future students. You’ll benefit as we will be including some lower cost underlying investments, and will be reducing the NEST Advisor Plan program management fee by 40%.
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Investment Changes and Enhancements. NEST will be adding several fund families to the NEST Advisor Plan, along with modifying and updating the asset allocations of the existing Age-Based and Static Investment Options. The new expanded NEST fund family will include T. Rowe Price, DFA, American Funds, Dodge & Cox, Vanguard, Northern, Fidelity, and additional quality fund families.
What Do You Need to Do?
Your NEST investments will seamlessly transition to the new program manager and investment options. These changes will automatically become part of your account in early December, and you will receive an updated Program Disclosure Statement dated December 7, 2020, for your review and records.
There will be a short blackout period during the process and you’ll need to reestablish your online credentials by creating a new user name and password. Make sure you have your account number handy as you will need it to establish your new online credentials.
Same Great Tax Benefits
The NEST Advisor Plan will continue to offer attractive tax benefits, including:
We're here to help.
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