Transition basics and FAQs
Transition overview:
- On Friday, May 30, 2025, all Putnam 529 for America Plan assets will transition to J.P. Morgan's Future Path 529 Plan, into investments that most closely match your clients' previous investment selections and portfolios.
- For details on your clients’ new portfolios, please review the Transition Mapping.
For you as the Financial Advisor:
- Effective June 2, 2025:
- New client account management web portal
- You can access your clients’ accounts via 529 QuickView. No action is needed if you are an existing 529 QuickView user, as all 529 plans serviced by Ascensus will appear in your profile following the conversion.
- New users, however, will need to register on 529 QuickView.
- New client account management web portal
For your clients, Account Owners:
- New online account management and mobile app experience.
- New account numbers - Your clients must establish new online access by creating new usernames and passwords at futurepath529.com.
- Important: If your client currently has a Systematic Withdrawal Plan (SWP) or Dollar Cost Averaging (DCA) these will not carryover as the Future Path 529 plan does not offer these options. Automatic/recurring contributions from a checking or savings account remain the same.
- Delivery preferences for confirmations and tax forms remain the same.
No immediate action is required, however:
- Clients will receive a Transition Guide from Ascensus.
- When accessing their online accounts on or after June 2, 2025, they will need to establish new usernames and passwords at futurepath529.com.
- Review and reconfirm their document delivery preferences when they establish their online accounts. The new platform combines their delivery preference for Statements and Plan Disclosure updates into one election. Their delivery preference for Statements and Plan Disclosure updates will be based upon their current statement delivery preference.
- Destroy any Putnam 529 for America contribution slips they may have. New contribution slips will be periodically provided.
- If they are currently contributing to their accounts through payroll contributions, they will receive a separate mailing with transition instructions.
Important contact information:
- New Toll-Free Number:
1-800-587-7305, 8:00 AM - 8:00 PM EST (Monday – Friday)
- New Overnight Delivery Address:
Future Path 529
95 Wells Ave. Suite 160
Newton, MA 02429
- New Regular Delivery Address:
Future Path 529
P.O. Box 55578
Boston, MA 02205-5578
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.
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