Plan Highlights

Plan Highlights

In addition to many 529 Benefits, there are additional features that set CollegeAccess 529 apart:

Maximum contribution limit of $350,000 per beneficiary — among the highest in the nation.¹
Joint tenancy ownership allowed — Accommodate those who prefer to own assets in joint name.
Trust and corporate ownership permitted, including 501(c)(3) — ideal for people with unique intentions on how and when and for whom funds are to be used.
Acceptance of contributions from individuals other than account owner — allowing assets to be accumulated faster and funding responsibilities to be shared.
UGMA/UTMA investments permitted — enabling savers to be sure assets are used for college, reduce taxes on the minor, and gain favorable tax treatment for financial aid.
Tax-free rollovers allowed — from other 529 plans, Coverdell Savings Plans (formerly Education IRAs) and qualified U.S. savings bonds (Series EE and I).
Ability to change investments or redeem with one phone call — leaving less paperwork for you ²
Statutory creditor protection — protecting assets from creditors of the contributor, account owner or beneficiary.³
Support from Allianz Global Investors — one of the world’s leading asset management companies.

1. Source: SavingforCollege.com.
2. Subject to Internal Revenue Code guidelines limiting changes to investments once per calendar year, see Plan Disclosure Statement for details.
3. Certain restrictions apply; see Plan Disclosure Statement for details.

NOTICE: CollegeAccess 529 Plan accounts are not insured by any state, and neither the principal deposited nor any investment return is guaranteed by any state. Furthermore, the accounts are not insured, nor the principal or any investment return guaranteed, by the federal government or any federal agency.

Before investing, an individual should consider whether their state of residency — or their intended designated beneficiary's state of residency — offers any benefit, such as a state tax deduction, or any other benefits that are only available for investments in that state's 529 savings program.

An investor should consider the investment objectives, risks, and charges and expenses of the CollegeAccess 529 Plan before investing. This and other important information is in the Plan Disclosure Statement, which should be read carefully before investing, and which is available on this Web site. Click here to download a copy.

The Program Manager for the CollegeAccess 529 Plan is Allianz Global Investors Distributors LLC, 1633 Broadway, New York, NY 10019-7585, 1-866-529-7462. The Plan is issued by the South Dakota Higher Education Savings Trust and is underwritten by Allianz Global Investors Distributors LLC.

Withdrawals from a 529 Plan for qualified expenses are free from federal income tax. Qualified expenses include tuition and fees, room and board, books and other supplies.

State taxes may apply for residents of states other than South Dakota. Speak to your tax or financial advisor.

Non-qualified withdrawals are subject to federal income tax and a 10% penalty tax on earnings, with some exceptions, and may also be subject to state tax.

Please see the Plan Disclosure Statement for our privacy policy.