LINCOLN, Neb.--(BUSINESS WIRE)--Two of the Nebraska Education Savings Trust (NEST) college savings plans—NEST Advisor College Savings Plan and TD Ameritrade 529 College Savings Plan—have each surpassed $1 billion in assets, as of February 17. Administered by Nebraska State Treasurer Don Stenberg and managed by First National Bank of Omaha, total assets in all four NEST plans exceed $4.3 billion.
“This is a remarkable achievement for NEST as it reflects our hard work on behalf of the families who place their financial trust in us,” said Treasurer Stenberg, NEST Trustee. “Our college savings plans have a lot to offer both in terms of value and variety, and providing strong performing plans with over $1 billion in assets under management is something we are very proud of.”
In 2016, both the NEST Advisor Plan and TD Ameritrade 529 College Savings Plan lowered their fees and made adjustments to their underlying funds, offering more savings options. NEST plans have earned high marks and received accolades from industry rating sites Morningstar and SavingforCollege.com.
“With nearly a quarter of a million accounts open, NEST prides itself on providing robust savings programs for our investors,” said Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha. “As two of our plans each break the $1 billion benchmark, it’s clear that families across the country see the benefit of investing with NEST to grow their college savings nest eggs.”
In addition to the NEST Advisor College Savings Plan and the TD Ameritrade 529 College Savings Plan, NEST offers the NEST Direct College Savings Plan and The State Farm College Savings Plan. The variety of investment options offered by NEST allows families to choose the plan that best fits the ages of their children, their budgets and their investment philosophies.
NEST is a tax-advantaged 529 college savings plan and provides four plans to help make saving for college simple and affordable: NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the TD Ameritrade 529 College Savings Plan, and The State Farm College Savings Plan. The Nebraska State Treasurer serves as Program Trustee. First National Bank serves as the Program Manager, and all investments are approved by the Nebraska Investment Council. Families nationwide are saving for college using Nebraska's 529 College Savings Plans, which have more than 249,000 accounts, including 75,000 in Nebraska. Visit NEST529.com and treasurer.nebraska.gov for more information.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska is the largest privately owned banking company in the United States. First National and its affiliates have $20 billion in managed assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
Investments Are Not FDIC Insured* - No Bank, State or Federal Guarantee
- May Lose Value
*Except the Bank Savings Individual Investment Option