Plan benefits
Tax-advantaged investing
- Tax-deferred compounding, tax-free withdrawals for all qualified education expenses
- Tax- and penalty-free rollovers to Roth IRAs as of January 2024
Special gift and estate tax benefits
- Option to make five years of tax-free gifts in one year, up to $190,000 per beneficiary from married couples filing jointly and $95,000 from individuals – outside taxable estates3
Additional features and benefits
- Open to all U.S. families -- no income, age or state residency restrictions
- Low minimum investments, high contribution limit of $500,000 per beneficiary
- Additional account funding opportunities with Ugift® online tool and Upromise® rewards program
Exclusive benefits for Nevada residents and businesses
- Matching grants, scholarships and fee waivers for qualified participants1
- Tax credit for employers making matching contributions2
Control and flexibility
- Account owner control over choosing investments, naming and changing beneficiaries, and making withdrawals -- no matter what the beneficiary's age
- Covers K-12 tuition, college costs, student loan payments and apprenticeship programs
- Can be used at any accredited college in the U.S. and overseas -- with minimal impact on financial aid
Investment choices
Meet a broad range of investor needs and preferences, with portfolios made up of ETFs and
mutual funds from J.P. Morgan Asset Management.
Three ways to invest in the Future Path 529 Plan
Enrollment year portfolio
Select an enrollment year to view portfolio details
One globally diversified, actively allocated portfolio that automatically becomes more conservative as college gets closer
Consult with your financial professional
Work with your financial professional to develop your college savings plan. Together, you can determine your college goals, open an account, choose investments and discuss ways to maximize the Plan's benefits.
Asset allocation portfolios
Select a portfolio to view details
Three globally diversified, actively allocated portfolios that maintain a similar asset mix over time to pursue specific risk/return objectives
Consult with your financial professional
Work with your financial professional to develop your college savings plan. Together, you can determine your college goals, open an account, choose investments and discuss ways to maximize the Plan's benefits.
Individual portfolios
Select a portfolio to view details
Seventeen portfolios that invest in a single asset class and can be combined as you see fit to create a custom solution
Consult with your financial professional
Work with your financial professional to develop your college savings plan. Together, you can determine your college goals, open an account, choose investments and discuss ways to maximize the Plan's benefits.
Literature and forms
Plan materials and investments
Thought leadership
Opening and funding accounts
Managing and updating accounts
Withdrawing account assets
Open accounts
Future Path 529 Plan: Not just for Nevada residents
Consider the Future Path 529 Plan for families living in:
Nevada
Matching grants, reduced costs and other benefits for Nevada residents
Tax-neutral states
No tax incentive to invest in the in-state 529 plan
Important documents
Tax parity states
Tax-deductible contributions to any 529 plan, including ours
All other states
Weigh any state tax benefits against features, services and investments unique to our Plan
Contact us
Phone
Call 1-800-587-7305
(8am-8pm ET, Monday-Friday)
Regular mail:
Future Path 529 Plan
P.O. Box 55578
Boston, MA 02205-5578
Overnight mail:
Future Path 529 Plan
95 Wells Avenue, Suite 155
Newton, MA 02459-3204
Need sales-related assistance? Contact your J.P. Morgan Asset Management representative for guidance and support.
Want more account
access and more details?
1 Dollar-for-dollar matching grants on Plan contributions are capped at $300 annually for five years, for a maximum of $1,500 per beneficiary. Participation is subject to income, age and state residency requirements.
2 Employers receive a 25% tax credit on matched contributions up to $500 per employee per year.
3 No additional gifts can be made to the same beneficiary over a five-year period. If the donor does not survive the five years, a portion of the gift is returned to the taxable estate.
For more information about the Future Path 529 Plan, download the Plan Description and Participation Agreement or request one by calling 1-800-587-7305. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Description; read and consider it carefully before investing.
Please Note: Before you invest, consider whether your state or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
The Future Path 529 Plan (the “Plan”) is administered by the Board of Trustees of the College Savings Plans of Nevada (the “Board”). Ascensus College Savings Recordkeeping Services, LLC (“Ascensus”) serves as the Program Manager. Ascensus has overall responsibility for the day-to-day operations, including provision of certain marketing services. J.P. Morgan Investment Management Inc. (“JPMIM”) serves as the Investment Manager of the Plan and JPMorgan Distribution Services, Inc. (“JPMDS”) markets and distributes the Plan. JPMorgan Distribution Services, Inc. is a member of FINRA.
The Plan’s Portfolios invest in exchange traded funds, mutual funds and a separately managed account offered or managed by JPMIM; Units of the Portfolios are municipal securities and the value of units will vary with market conditions.
No guarantee: None of the State of Nevada, its agencies, the Board, the Nevada State Treasurer, the Federal Deposit Insurance Corporation, J.P. Morgan Investment Management Inc., Ascensus College Savings Recordkeeping Services, LLC, JPMorgan Distribution Services, Inc., nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment portfolio.
Investing involves risk, including the risk of loss of principal. Investment returns will vary depending upon the performance of the Portfolios you choose. You could lose all or a portion of your money by investing in the Plan, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences. None of the Board, Ascensus, JPMIM or JPMDS and their respective affiliates provide legal or tax advice. This information is provided for general educational purposes only. This is not to be considered legal or tax advice. Investors should consult with their legal or tax advisors for personalized assistance, including information regarding any specific state law requirements.
If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-587-7305 (8am-8pm ET, M-F) for assistance.
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