A CollegeInvest 529 College Savings Plan Offered By FirstBank
The CollegeInvest Smart Choice College Savings Plan offers a variety of benefits to you as an investor. Please read through the plan below to see how this 529 savings fund can fit your investment needs.
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* Source: savingforcollege.com, April 2016.
The Smart Choice Plan received a 4 Cap Rating for Colorado residents. An excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it. A 4 Cap Rating represents the attractiveness of a 529 plan, relative to all other 529 plans, by assigning an overall rating to each 529 program ranging from 1 Cap (least attractive) to 5 Caps (most attractive). 5 Cap Ratings represent an assessment based on many considerations such as flexibility, liquidity and availability, ownership rights, state benefits, investment approach and safety, program resources and financial aid impact. It is not strictly a measure of historical returns, and it is not a predictor of future investment performance, level of investment risk or financial solvency of the program funds. These ratings are not the result of a fixed formula and a significant portion of the analysis is subjective.
Before establishing a 529 account and making contributions, it is imperative that investors read and understand all enrollment materials and disclosures from the programs.
(1) Smart Choice College Savings Plans are not insured by CollegeInvest, the State of Colorado, or its agencies. However, these funds are FDIC-insured in accordance with the current FDIC coverage limits.
(2) Contributions to the Plan are deductible from Colorado state income tax in the calendar year the contribution is made, up to your Colorado taxable income for that year. Such deductions are subject to recapture in subsequent years in which non-qualified withdrawals are made.
To learn about CollegeInvest's Smart Choice 529 College Savings Plan, its objectives, risks, charges, expenses, limitations, restrictions and qualifications regarding the Plan's benefits and potential tax advantages, please read the Plan Disclosure Statement (PDS). Also, check with your home state to learn if it offers tax or other benefits for investing in its own plan. Administered and Issued by CollegeInvest.
Capacity of Dealer and Other Parties
CollegeInvest is the issuer of plan securities and is the trustee of the plans in accordance with Colorado law. CollegeInvest also oversees the Managers' activities and provides certain administrative services, such as marketing, audit, and financial statements, in connection with the plans.
FirstBank serves as the Plan Manager for the CollegeInvest Smart Choice College Savings Plan and has overall responsibility for the day-to-day operations, including effecting transactions. FirstBank also assists CollegeInvest with marketing and distributing the CollegeInvest Smart Choice College Savings Plan.
FirstBank - Member FDIC
CollegeInvest and the CollegeInvest logo are registered trademarks. Smart Choice is a registered service mark of CollegeInvest.