the Category. collegebound 529 program description. Minimum subsequent contributions are $50 and no minimum for Rhode Island . 0.68%. Although the direct-sold version has been rated higher, it is available only to those who meet certain specific state residency requirements. 426 East New York Street Indianapolis, Indiana 46202 (317) 475-4500 www.capcities.com No image available. The $9 billion retirement system works with state employees, teachers, the Municipal Employees' Retirement System (MERS), MERS police and fire, correctional officers, BHDDH nurses, state . There are 217,895 registered schools in Rhode Island with a total value of $5,680,426,847 . The most straightforward of Rhode Island's 529 plans is the CollegeBound Saver plan (not to be confused with CollegeBound 529). bound529.com , or you can call us to order any form or request assistance in completing this form at 1.877.615.4116 any business day from 8 a.m. to 8 p.m. Eastern Time. The trade-off here is that direct . Both plans are managed by Ascensus College Savings which replaced AllianceBernstein as program manager in 2016. . Rhode Island's CollegeBound 529 savings program is managed by Ascensus College Savings with Invesco Advisors, Inc. as investment manager. Who manages Rhode Island 529 plan? What college is Invesco 529? If a CollegeBound is a tax-advantaged 529 savings plan administered by the Office of the Rhode Island General Treasurer, which allows Rhode Islanders to affordably save for post-secondary education. Fees: Effective on or about June 25, 2021, the following replaces the fourth bullet under the section entitled Total Annual Asset-Based Fee on page 17 of the Program Description: The turnaround of Rhode Island's 529 college savings program under General Treasurer Seth Magaziner was recognized this week when Morningstar awarded the state's CollegeBound Saver and CollegeBound 529 plans Silver and Bronze medals, respectively in its 2016 national ratings. The most recent review of Invesco CollegeBound 529 suggested the potential benefit of: Our updated research platform rhode island and capital cities are further evaluating the 0.25% program management fee that is charged to non-rhode island residents,in the collegebound saver plan. When we got home yesterday, I noticed that the mail contained the new program description of CollegeBound Saver, Rhode Island's 529 plan. Rhode Island and Capital Cities are further evaluating the 0.25% Program Management fee that is charged to non-Rhode Island residents,in the CollegeBound Saver Plan. (877) 517-4829. To learn more about CollegeBound Saver please visit www.collegeboundsaver.com or call (877) 517-4829. There are 217,895 registered schools in Rhode Island with a total value of $5,680,426,847 . Request a direct rollover from another qualified 529 plan or Education Savings Account to a CollegeBound 529 account. While it does not require Rhode Island residency, the fees are higher for non-residents. The investments in CollegeBoundfund are not guaranteed by the State of Rhode Island, the Rhode Island Higher Education Assistance Authority (which established and implemented CollegeBoundfund and .

Each investment portfolio in Rhode Island's direct 529 plan charges an annual asset-based fee that currently ranges from 0.03% to 0.35% for Rhode Island resident account holders and from 0.28% to 0.35% for out-of-state account holders. The CollegeBound Saver plan is a direct-sold plan with fees ranging from 0.04% - 0.85%. . How do I withdraw from Invesco? CollegeBound 529 1.877.615.4116 8 a.m. to 8 p.m. Eastern Time M-F www.collegebound529.com Regular mailing address: CollegeBound 529 P.O. Rhode Island CollegeBound fund Program Description. Under Treasurer Magaziner's tenure, CollegeBound Saver, Rhode Island's 529 tuition savings plan, has emerged as a nationally recognized program to help families save for the cost of education. DEPARTMENT OF ADMINISTRATION . Rhode Island Tuition Savings Program CollegeBound Saver CollegeBound 529 Prepared: January 2015 Restated: May 2016 Reviewed: May 2017 Amended: May 2018 Reviewed: October 2019 CAPITAL CITIES, L.L.C. Account owners can also request a qualified . 6. Between her passion for working with youth and her genuine love of seeing others achieve their personal goals, Daniele believes that student's exploration and self-discovery are essential to finding a college and career path that are a perfect fit for them. CollegeBound 529 Investment Option Change/Future Contribution Allocation Form . These $529 grants can help families jump-start college savings for their child." A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. Rhode Island Tuition Savings Program CollegeBound Saver CollegeBound 529 Prepared: January 2015 Restated: May 2016 Reviewed: May 2017 Amended: May 2018 Reviewed: October 2019 CAPITAL CITIES, L.L.C. For more information about CollegeBound 529, contact your financial professional, call 877-615-4116, or download the Program Description, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. (for Rhode Island Residents only) If you are already a Bernstein client and want to get started, download the application. Load All Plans. For more information about CollegeBound Saver, call 877-517-4829, or visit www.collegeboundsaver.com to obtain a Program Description, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. There is no personal income tax in Nevada.

PROVIDENCE, R.I., Dec. 14, 2020 /PRNewswire/ -- Rhode Island's 529 education savings plan today announced it is giving $250 to residents who start saving for future education expenses through the . Fees. Withdrawals can be made online or by downloading and mailing in the distribution request form. CollegeBound fund 8 Rhode Island Income Tax Deduction Rhode Island taxpayers can qualify to receive a state income tax deduction for contributions of up to $1,000 for married couples ling jointly and $500 for individual lers. CollegeBound Saver. There is an annual deduction limit . The plan is sold through brokers (unit classes A and C) and registered investment advisors (unit class I). the majority of collegebound saver and collegebound 529's fees are low relative to peers, making the plans attractive solutions for account owners and advisors. Contributions to the Rhode Island 529 plan of up to $500 per year by an individual and up to $1,000 per year for married taxpayers filing jointly are deductible in computing Rhode Island taxable income, with an unlimited carryforward of excess contributions. The USPTO has given the COLLEGEBOUND 529 trademark a serial number of 90306402. collegebound saver. Unlike its similarly named cousin, this account is what's known as a direct-sold plan, meaning that it's provided by the state directly, rather than through a financial advisor. account set up through a financial advisor you are in CollegeBound 529.

CollegeBound fund 8 Rhode Island Income Tax Deduction Rhode Island taxpayers can qualify to receive a state income tax deduction for contributions of up to $1,000 for married couples ling jointly and $500 for individual lers. ERSRI.org is your source for the latest information from Employees' Retirement System of Rhode Island, the state's largest public employee retirement system. COLLEGEBOUND 529 is a trademark owned by The Rhode Island General Treasurer and filed on Monday, November 9, 2020 in the Insurance & Financial Services category. Forms can be downloaded from our website at www.collegebound529.com, or you can call us to order any form or request assistance in completing this form at 1.877.615.4116 any business day from 8 a.m. to 8 p.m. Eastern Time. Rhode Islanders can open CollegeBound accounts with as little as $1 and see their savings grow tax-free. 529 QuickView: Easy 529 account management for Financial Professionals. . CollegeBound Saver is Rhode Island's 529 plan that offers in-state residents some of the most affordable investment options of any 529 savings plan in the country. Cranston, Rhode . Rhode Island Tuition Savings Program CollegeBound Saver CollegeBound 529 Prepared: January 2015 Last Restated: May 2016 Last Amended: September 2020 Last Reviewed: November 2021 CAPITAL CITIES, L.L.C. Contributions to the Rhode Island 529 plan of up to $500 per year by an individual, and up to $1,000 per year by married taxpayers filing jointly are deductible in computing Rhode Island taxable income, with an unlimited carry forward of excess contributions. Get immediate online access to your clients' Ascensus-administered 529 plans with 529 QuickView. No more sorting through stacks of paper, fumbling through files, or waiting for the latest account information to be mailed. How Much Does Rhode Island's Direct CollegeBound Saver Program Cost? May 28, 2020 . It only takes $1 and about 10 minutes to open an account and start saving. Ascensus College Savings Recordkeeping Services, LLC , the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations of CollegeBound 529 Office of Accounts & Control . 6. Members from the state of Rhode Island also participated, including Chris Civittolo, Director of 529 Savings, Grants and Scholarship Programs, the meeting and Alec Stais, Chief at Investment Officer, via phone.

Professionally drafted and regularly updated online templates. CollegeBound 529 1.877.615.4116 8 a.m. to 8 p.m. Eastern Time M-F www.collegebound529.com Regular mailing address: Rhode Island's CollegeBound Saver 529 program is one of the highest-rated college savings plans in the country, with a 5 out of 5 rating from SavingforCollege.com. Rhode Island's 529 plan, dubbed CollegeBound fund, is available as both a direct-sold version as well as an advisor-sold version. Move money within a CollegeBound 529 account to a different investment option (allowed twice per calendar year) or to change . Rhode Island 529 Plan Statistics. Cranston, Rhode . Rhode Island Resident Accounts invested in only Class RA and/or Class RZ Units will not be assessed a Program Management Fee. Contributions in excess of the annual limit can be carried forward and deducted in future years. Rhode Islanders can open CollegeBound accounts with as little as $1 and see their savings grow tax-free. While money saved though 529 plans like . . Louisville, Kentucky. Type: Direct & Advisor - this 529 plan can be purchased directly through the state or with the help of a qualified financial advisor. The CollegeBound Saver program is Rhode Island's direct-sold plan open to Rhode Island residents and non-residents. The Invesco Stable Value Portfolio serves as the CollegeBound Program's capital preservation option. Rhode Island CollegeBound 529 is administered by the Rhode Island Office of the General Treasurer and the Rhode Island State Investment Commission. Rhode Island Tuition Savings Program CollegeBound Saver CollegeBound 529 Prepared: January 2015 Restated: May 2016 Reviewed: May 2017 Amended: May 2018 Reviewed: October 2019 Amended: September 2020 CAPITAL CITIES, L.L.C. Box 55987 Boston, MA 02205-9722 Ascensus Broker Dealer Services, Inc. and its affiliates (Ascensus College Savings) have overall responsibility for the day-to-day operations including investment advisory, recordkeeping and administrative services, and . State rules and policies governing 529 plans can change at any time. In the following pages, you' ll discover why CollegeBound fund is a great vehicle for you to tackle higher education costs. Rhode Island offers an advisor-sold plan, CollegeBound 529, and a direct-sold plan, CollegeBound Saver. Get Started Convenience . You should consider the investment objectives, risks, charges and expenses of CollegeBoundfund carefully before investing. Ascensus Broker Dealer Services, Inc. serves as the Program Manager. is responsible for this Page. Contributions in excess of the annual limit can be carried forward and deducted in future years. The majority of CollegeBound Saver and CollegeBound 529's fees are low relative to peers, making the Plans attractive solutions for account owners and advisors. Like many other such plans, the minimum initial contribution is only $25 . Accounts can be linked to the Upromise rewards service. 426 East New York Street Indianapolis, Indiana 46202 (317) 475-4500 www.capcities.com Fund Family: AllianceBernstein Investments, Inc. Minimums: To get started you can deposit $1,000 ($250 for Rhode Island residents). 426 East New York Street Indianapolis, Indiana 46202 (317) 475-4500 www.capcities.com Between her passion for working with youth and her genuine love of seeing others achieve their personal goals, Daniele believes that student's exploration and self-discovery are essential to finding a college and career path that are a perfect fit for them. CollegeBound 529 Distribution Request Form Use this form to request a full or partial Qualified or Non-Qualified Distribution from your CollegeBound 529 Account or an indirect rollover. About: CollegeBound Saver is a Section 529 plan offered by the Office of Rhode Island General Treasurer. Rhode Island offers 2 plans: the CollegeBound Saver plan and the CollegeBound 529 Advisor-sold plan. Start today and save for a better tomorrow. Easily download and print documents with US Legal Forms.

Rhode Island 529 Plan Statistics. rhode island 529 plan tax deduction. CollegeBound 529 is administered by the Rhode Island Office of the General Treasurer and the Rhode Island State Investment . STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS . CollegeBound Saver is Rhode Island's 529 plan that offers in-state residents some of the most affordable investment options of any 529 savings plan in the country. Age 0-6 High Equity. Fee Score 5 / 5 You must submit . What's more, as a Rhode Island taxpayer, you can qualify to receive a state income tax deduction for contributions made to CollegeBoundfund of up to $1,000 for married couples fi ling jointly and $500 for individual fi . The funds offered include Vanguard, Investco, and Black Rock. Unlike its similarly named cousin, this account is what's known as a direct-sold plan, meaning that it's provided by the state directly, rather than through a financial advisor. T. Rowe Price College Savings Plan. Rhode Island residents who open a CollegeBound Saver account can receive an annual state income tax deduction of up to $500 per individual and $1,000 per couple on funds contributed to the plan. Savings can be used at accredited colleges, universities, trade, and vocational schools worldwide, as well as for registered apprenticeship programs. CollegeBound baby is an enhancement of CollegeBoundSaver, Rhode Island's 529 plan, designed to help families get an early start at saving for their child's higher education. Savings can be used at accredited colleges, universities, trade, and vocational schools worldwide, as well as for registered apprenticeship programs.

Rhode Island Savings Plans - get access to a huge library of legal forms. One of the reasons non-state . Invesco Distributors, Inc. FOR STATE OF RHODE ISLAND DUE DILIGENCE PURPOSES ONLY NOT FOR USE WITH THE PUBLIC US12785. SIGNATURE YOU MUST SIGN BELOW By signing below, I hereby acknowledge that: I have received and read this form and agree to the terms and conditions of the CollegeBound 529 Program Description, which The trade-off here is that direct . Rhode Island decided to change the management group of the 529 plan from CollegeBound Fund by AllianceBernstein to the new "Saver" by Ascensus. CollegeBound, Rhode Island's 529 college savings program, is an easy, affordable way for Rhode Islanders to save for the future. It features a menu of age-based and static portfolio options utilizing Invesco, Vanguard, Schwab and BlackRock mutual funds along with a stable value option. Evaluate any leftover funds. Savings in a CollegeBound . Savings in a CollegeBound . Rhode Island residents purchasing through advisors can use lower-cost classes RA and RZ. Ascensus will expand the app's availability to additional states and savers throughout 2021. Employees' Retirement System of Rhode Island. CollegeBound 529 is administered by the Rhode Island Office of the General Treasurer and the Rhode Island State Investment Commission. One Capitol Hill Office: (401) 222-2271 . The most straightforward of Rhode Island's 529 plans is the CollegeBound Saver plan (not to be confused with CollegeBound 529). There's no minimum to open an account and you can save in whatever way works best for you. Rhode Island Resident Accounts invested in only Class RA and/or Class RZ Units will not be assessed a Program Management Fee. Invesco Distributors, Inc. is the distributor of CollegeBound 529.

CollegeBound Saver is an easy, smart way to save for college. National CollegeBound fund Program Description. State of Rhode Island Office of the General Treasurer Seth Magaziner. Download READYSAVE 529 and enjoy it on your iPhone, iPad and iPod touch. All Names . State of Rhode Island Office of the General Treasurer Seth Magaziner 7. Section 218 Agreements CollegeBound Saver (529 Plan) CollegeBound Saver is a tax-advantaged savings plan that allows Rhode Islanders to save for college affordably and conveniently. Invesco Distributors, Inc. is the distributor of CollegeBound 529. IGT GLOBAL SOLUTIONS CORPORATION. We even make it convenient for friends and family to chip in anytime they want. CollegeBound is a tax-advantaged 529 savings plan administered by the Office of the Rhode Island General Treasurer, which allows Rhode Islanders to affordably save for post-secondary education. Perf. Both plans are managed by Ascensus College Savings which replaced AllianceBernstein as program manager in 2016. . Make the distribution payable to the beneficiary. Rollovers from another 529 plan are not deductible.