Lincoln, Neb. (April 10, 2019) – The NEST 529 Direct and Advisor Plans showed strong performance in the savingforcollege.com Year End Report from October 1 through December 31, 2018. The NEST 529 Advisor Plan was ranked in the top five for one-, three- and five- year performance, and the NEST 529 Direct Plan secured spots in the top 10 for one- and five-year performance.
This marks the sixth consecutive quarter that the NEST 529 Advisor Plan 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.
The NEST 529 Direct Plan, which also earned top rankings in the previous two quarters, placed fifth for one-year performance and eighth for five-year performance.
Savingforcollege.com, a provider of college savings information and research, assessed the nation’s largest advisor 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 work diligently alongside NEST 529 and the Nebraska Investment Council to provide the most beneficial and accessible plan offerings,” said Nebraska State Treasurer John Murante. “We are pleased to receive this recognition from savingforcollege.com, and remain steadfast in our mission to provide every Account Owner with a savings plan that will best support their goals for the future.”
“These rankings serve as another opportunity to celebrate the continued success of NEST 529 Direct and Advisor Plans,” said Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha. “We are proud of the hard work and dedication that our team puts towards making the Plans so strong, and look forward to continuing to provide our Account Owners with robust savings options.”
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 266,000 accounts, including over 86,000 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.