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NE AIM College Savings Plan |
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State Provider: Nebraska; Net Assets ($mil):
$213.2 as of
10-31-09 |
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Though Nebraska residents can deduct up to $5,000 in contributions annually from their taxable income, they have better state-sponsored options than this AIM-managed plan. Its high expenses have fallen a bit, but they are still high enough to make it unattractive for residents and nonresidents alike. Participants must pay an annual $25 account fee that is waived only for accounts with balances greater than $25,000 or for accounts that participate in a systematic purchase plan. Including an annual 0.35% administrative fee, total annual asset-based fees for A share portfolios range from a whopping 1.25% for a money market account to 1.61% for an aggressive portfolio, on top of broker charges. While both in-state and out-of-state beneficiaries who will attend a Nebraska institution of higher education are eligible to receive contributions from a special endowment, we strongly suggest shopping around for cheaper options. (Information as of 03/12/2009) |
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| Availability: Sales Channel |
Resident: Broker
Non-Resident: Broker
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| Annual State Tax Deduction |
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Up to $2,500 (S),
5,000 (J)
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| Max Investment/Beneficiary |
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$360,000 |
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(includes appreciation)
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| Mos. to Qualified Withdrawal |
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Public, Private & International
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Age-Based Portfolios
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| Self-Directed Funds |
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| US Stock
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Bond |
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| Total International Funds: 0 |
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| Underlying Funds’ Ratings |
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| Overall Morningstar Rating |
# Equity
Funds |
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# Bond
Funds |
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| Ratings as of
10-31-09 |
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| Range |
0.35
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1.1 |
| 529 Plan Avg |
0.8 |
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| Portfolio Expense Ratio Range |
| Fee to Change Beneficiary |
| Share Classes: Sales Charge |
| A:
5.5% (front-load) |
| B:
5% (deferred-load) |
| C:
1% (deferred-load) |
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| Initial Purchase |
$500 |
$500 |
| Additional Purchase |
50 |
50 |
| Initial (AIP) |
50 |
50 |
| Additional (AIP) |
25 |
25 |
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