NEST Direct College Savings Plan
Effective December 20, 2010, the State Treasurer has contracted with First National
Bank of Omaha to provide program management services. Under this contract First
National Bank provides the day-to-day administration, record keeping, and marketing
of the “Plan” as set forth by LB 1003. First National Bank provides separate accounting
for each beneficiary. In addition, they administer and maintain overall trust and
individual account records. (Union Bank & Trust Company served as Program Manager
from January 2001-December 2010.) The NEST Direct Plan offers 22 unique
investment options consisting of 4 Age-Based Portfolios, 3 Static Portfolios,
and 15 Individual Investment Options ranging from aggressive to conservative
investment options; including the Bank Savings Individual Investment Option (an
FDIC-insured option), to create a customized allocation portfolio.
All of the investment options have received the approval of the Nebraska Investment
Council.
NEST Advisor College Savings Plan
The NEST Advisor Plan offers 22 unique investment options consisting of 4
Age-Based Portfolios, 3 Static Portfolios, and 15 Individual Investment Options
ranging from aggressive to conservative investment options; including the Bank
Savings Individual Investment Option (an FDIC-insured option), to create a
customized allocation portfolio. All of the investment options
have received the approval of the Nebraska Investment Council.
TD Ameritrade 529 College Savings Plan
The NEST Plan partners with online brokerage firm, TD Ameritrade. The partnership
allows another investment channel by offering the Nebraska 529 Plan to online investors.
TD Ameritrade provides an excellent blend of product, price and service which enables
customers to manage their own investments and personal finances. TD Ameritrade offers
unique investment options and is sold through branch offices and online as the TD
Ameritrade 529 College Savings Plan. There are 22 investment options consisting
of 4 Age-Based Portfolios, 3 Static Portfolios, and 15 Individual Mutual Fund Portfolios
ranging from aggressive to conservative investment options. All of the investment
options have received the approval of the Nebraska Investment Council.
The State Farm College Savings Plan
Effective November 1, 2008, OFI Private Investments, Inc. (a subsidiary of OppenheimerFunds,
Inc.) serves as the Investment Manager and Fund Provider for the State Farm College
Savings Plan. The Plan offers 9 investment portfolios; 1 Enrollment-Based option,
which includes 5 Portfolios, and 4 Static Portfolios. The State Farm College Savings
Plan will continue to benefit the Nebraska program by offering a low cost plan and
quality performance for Nebraskans as well as participants in other states. (AIM
Investments served as Investment Manager and Fund Provider from May 2003-November
2008.)
|
