NEST 529 Advisor and Direct plans earned top performance rankings from July 1 through September 30, 2018, according to the savingforcollege.com Third Quarter 2018 Rankings Report. The NEST 529 Advisor Plan ranked in the top five for one-, three- and five-year performance, while the NEST 529 Direct Plan ranked as top five for one-year performance and top six for three-year performance.
This marks the fifth consecutive quarter the NEST Advisor Plan, managed by First National Bank of Omaha and the Office of Nebraska State Treasurer Don Stenberg, has ranked in the top 10. The Advisor Plan earned top-five rankings at net asset value as well as with maximum load for one-, three- and five-year performance.
Savingforcollege.com, a provider of college savings information and research, assessed the nation’s largest direct- and advisor-sold plans to determine the rankings, which were derived using the average of each plan’s relevant portfolio performance in seven unique asset allocation categories: 100 percent Equity, 80 percent Equity, 60 percent Equity, 40 percent Equity, 20 percent Equity, 100 percent Fixed and 100 percent Short Term.
“We are proud of the strong results the plans yield, evidenced by another quarter of exemplary rankings,” said Treasurer Stenberg, Trustee of NEST 529. “Alongside the Nebraska Investment Council, we work diligently to make the NEST 529 Advisor and Direct plans the best they can be for college savers. Receiving recognition for the plans’ continued success energizes our mission to help account owners prepare for the costs of higher education.”
“Earning consistently high rankings from savingforcollege.com is a testament to the success of the plans, as well as to the dedication of the Nebraska State Treasurer’s Office, the Nebraska Investment Council and the NEST 529 team,” said Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha. “These impressive scores are gratifying, but supporting our account owners as they grow their savings and achieve their higher education goals is even more rewarding.”
About NEST 529
NEST 529 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 529 Savings Plan. The Nebraska State Treasurer serves as Program Trustee. First National Bank of Omaha serves as 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 261,000 accounts, including over 84,000 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 and its affiliates have more than $23 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.