1. education
2. graduate school
3. college

The Upromise College Fund 529 Plan
Save today for your children’s future
“Sending a child to college
Nevada state employees: Get a jumpstart on your college savings
is one of the most important
The State of Nevada has partnered with Upromise Investments, Inc., to help Nevada’s
contributions we can make
families save for college. The Upromise College Fund 529 Plan (Upromise College Fund)
as a parent. Like you, I
combines tax benefits, investment management by The Vanguard Group, Inc., and flexible
want to do the best for my
features that make it a smart and easy way to save for your child’s future.
children. Together, we can
help you make the most
of this exciting adventure
Upromise College Fund benefits
to their future. Every great
Affordable. The Upromise College Fund is a reasonably priced college savings option. There
adventure starts with the
is no enrollment or annual account maintenance fee for Nevada residents.* You can open an
first step. Take that first step
account for as little as $15 per paycheck with payroll deduction, or make a one-time opening
today and begin saving for
contribution of $250.
your child’s future through
our easy and affordable
Smart. Investing in the Plan can lessen your tax bite. Your earnings grow federal tax
Payroll Deduction program.”
deferred, and qualified withdrawals are exempt from federal taxes.** There are estate- and
gift-tax benefits, too. (See the Plan Description and Participation Agreement and/or your tax
professional for more information.)
Kate Marshall
Nevada State Treasurer
Control. With a Upromise College Fund account, you, as the account owner, decide when
withdrawals are taken and for what educational purpose. We’ll keep you informed with
detailed quarterly statements, including performance and transactions for the period.
Easy. With the Upromise College Fund, it’s easy to enroll and manage your account online
(www.upromisecollegefund.com/benefits). And now State employees can set up a Payroll
Deduction plan; put your contributions on auto-pilot and have one less thing to remember.***
* Non-residents are subject to a $20 annual account maintenance fee.
** Earnings on non-qualified withdrawals are subject to federal income tax and may be
subject to a 10% federal penalty tax, as well as state and local income taxes. The
availability of tax or other benefits may be contingent on meeting other requirements.
***A plan of regular investment cannot assure a profit or protect against a loss
in a declining market.
Flexible investment solutions
Everyone has different investment goals and time horizons. That’s why we offer flexible investment
options through The Vanguard Group, Inc. Choose the plan that best fits your needs:
Age-based option The portfolio automatically moves from aggressive to more conservative investment
options as your beneficiary nears college age.
Customized option Choose from among eight custom portfolios, each of which has a different investment
style or asset class, from stocks to bonds.
Invest even more using UgiftSM and Upromise® rewards
“The children of Nevada
UgiftSM — Give College Savings Ugift is an easy, online way to invite friends and family to give the
are one of our greatest
gift of college savings. Instead of another toy, your loved ones can celebrate a birthday or holiday with a
assets. I believe that
meaningful gift that will keep giving long after the event. Learn more about all Ugift has to offer at www.
every child should have
upromisecollegefund.com/benefits.
an opportunity to fulfill
their dreams and gain
knowledge by pursuing
a college education.
Now all State employees
can make those dreams
Upromise rewards When you and your family join Upromise rewards you get back a percentage of
your everyday qualified spending on hundreds of America’s leading products and services. Best of all, your
earnings can be automatically transferred to your Upromise College Fund account on a periodic basis.*
Joining is free. Find out more and sign up at www.upromise.com.
possible by taking
advantage of saving
The sooner you start saving, the better
for college with payroll
Just go to www.upromisecollegefund.com/benefits to enroll and set up payroll deduction or call
deductions.”
1-800-587-7305 for more information.
Kim R. Wallin, CMA, CFM, CPA
Nevada State Controller
* Transfers subject to $25 minimum. Upromise rewards service is an optional program and is separate
from the Upromise College Fund 529 Plan. Specific terms and conditions apply for each company’s
contributions. Participating companies, contribution levels, terms, and conditions subject to change
without notice.
www.upromisecollegefund.com/benefits
1.800.587.7305
For more information about the Upromise College Fund 529 Plan call 1-800-587-7305 or visit www.upromisecollegefund.com/benefits
to obtain a Plan Description and Participation Agreement. Investment objectives, risks, charges, expenses, and other important
information are included in the Plan Description; read and consider it carefully before investing. Upromise Investments, Inc.,
Distributor and Underwriter.
If you are not a Nevada taxpayer, consider before investing whether your or the designated beneficiary’s home state offers any state
tax or other benefits that are only available for investments in such state’s qualified tuition program.
The Upromise College Fund 529 Plan is administered by the Board of Trustees of the College Savings Plans of Nevada, chaired by the
Nevada State Treasurer Kate Marshall. Upromise Investments, Inc. serves as the Program Manager and has overall responsibility for
the day-to-day operations, including effecting transactions and marketing and distributing the Plan. The Vanguard Group, Inc. serves as
Investment Manager. The value of an investment in the Upromise College Fund 529 Plan will vary with market conditions. Investments in the
529 Plan are not FDIC-insured or government guaranteed, and you could lose money. Investing regularly does not assure a profit and does
not protect against loss in declining markets.
Upromise and the Upromise logo are registered servicemarks of Upromise, Inc. All other trademarks are the property of their respective
owners. Used with permission.
UCF6027 04/08
Upromise College Fund 529 Plan
Employee Payroll Deduction Enrollment Procedures
Employees who wish to participate in the Plan and fund their account(s) by payroll deduction can do so either by enrolling online or by
submitting a paper enrollment application. For more information about Upromise College Fund 529 Plan, call 1-800-587-7305 or visit
www.upromisecollegefund.com to obtain a Plan Description and Participation Agreement. Investment objectives, risks, charges,
expenses, and other important information are included in the Plan Description and Participation Agreement; read and consider it carefully
before investing. Upromise Investments, Inc. is the Distributor and Underwriter.
Online Enrollment
Paper Enrollment
Step 1
Step 1
Go to www.upromisecollegefund.com and follow the online
Download an enrollment kit from www.upromisecollegefund.com
enrollment instructions. Select Payroll Deduction as the method of
or call the Plan toll-free at 1-800-587-7305 to receive an enrollment
funding the account in the Initial Contribution Method section of the
kit by mail.
online enrollment process.
Step 2
Step 2
Complete the Plan application and select Payroll Deduction as the
Enter the payroll deduction instructions and print the Payroll
method of funding the account in the Initial Contribution Method
Deduction Authorization Form during online enrollment. This
section of the form.
form is pre-filled with the account owner’s name, the total payroll
deduction amount, the employee’s unique account number, and
Step 3
the routing (ABA) number for the Plan’s bank. If funding more than
Mail the completed application to:
one account by payroll deduction, the amount deducted per pay
Upromise College Fund
period should be the sum of all payroll contributions.
Upromise Investments Service Center
P.O. Box 55578
Boston, MA 02205-5578
Step 3
Submit the Payroll Deduction Authorization Form to the appropriate
Human Resources, Benefits, or Payroll department.
Step 4
Once the application is processed, the employee will be mailed a
Payroll Deduction Authorization Form. This form is pre-filled with
Step 4
The employer will update the payroll deduction amount in the
payroll system and begin the process of sending contributions to
the Plan.
the account owner’s name, the total payroll deduction amount, the
employee’s unique account number, and the routing (ABA) number
for the Plan’s bank. If an employee is funding more than one
account by payroll deduction, the amount deducted per pay period
should be the sum of all their payroll contributions.
Step 5
Submit the Payroll Deduction Authorization Form to the appropriate
Human Resources, Benefits, or Payroll department.
Step 6
The employer will update the payroll deduction amount in the
payroll system and begin the process of sending contributions to
the Plan.
COLLEGE FUND
Sample Payroll Deduction Authorization Form
Step 1. (FOR EMPLOYEES): Complete this form and return to your employer
Please print this page, sign it, include your Social Security number and the date, and submit it to the HR,
benefits, or payroll representative responsible for administering payroll deduction contributions to the
Program. Your employer will initiate or change your payroll deduction after they receive this form.
Sample Employee
pl
e
Employee Name:
Total amount to be deducted per pay period: $0.00
______________________________________ ______________________________ ____________________
Employee Signature
Employee SSN
Date
Step 2. (FOR EMPLOYERS): Establish Payroll Deduction Instructions on Your Payroll System
When updating ACH direct deposit instructions for this employee, please make sure that you provide the
following information with your transmittal:
sa
m
1. ABA Number
011001234 (Mellon Bank)
2. Account Number
529 +[9 digit account #]
3. Code Transmittal for Checking
For Employers Transmitting Funds by Check
If you are submitting payroll deduction contributions by check, please mail the check to the appropriate
address below, along with a corresponding list containing the name, account number, and contribution
amount for each participating employee:
By U.S. mail:
Upromise College Fund
P.O. Box 55578
Boston, MA 02205-5578
By registered, certified or overnight mail:
Upromise College Fund
95 Wells Avenue, Suite 155
Newton, MA 02459
If you have any questions, please call customer service at 1-800-587-7305 on business days, between
8 a.m. and 8 p.m., Eastern Standard Time (EST).
After enrolling in Upromise College Fund:
Employees can sign up and receive additional college savings through the Upromise® rewards service.
This free service helps employees save for college by returning a percentage of spending on products they use every day.* Employees can even
transfer these funds automatically on a periodic basis (subject to $25 minimum) to their Upromise College Fund account by linking it with their
Upromise rewards account. To enroll and/or obtain more details, visit the Upromise® rewards section of www.upromisecollegefund.com.
Employees can also take advantage of UgiftSM – Give College Savings.
Ugift is a new, easy way to let family and friends give the gift of college savings. Instead of another toy, loved ones can celebrate a
birthday or holiday with a meaningful gift contribution to their child’s 529 Plan that will keep giving long after the event. For more information
about Ugift visit www.upromisecollegefund.com.
*Upromise rewards is an optional program and is separate from the Upromise College Fund 529 Plan. Specific terms and conditions apply
for each company’s contributions. Participating companies, contribution levels, terms and conditions subject to change without notice.
For more information about the Upromise College Fund 529 Plan call 1-800-587-7305 or visit www.upromisecollegefund.com to obtain
a Plan Description and Participation Agreement. Investment objectives, risks, charges, expenses, and other important information are
included in the Plan Description; read and consider it carefully before investing. Upromise Investments, Inc., Distributor and Underwriter.
The Upromise College Fund 529 Plan is administered by the Board of Trustees of the College Savings Plans of Nevada, chaired by the
Nevada State Treasurer Kate Marshall. Upromise Investments, Inc. serves as the Program Manager and has overall responsibility for
the day-to-day operations, including effecting transactions and marketing and distributing the Plan. The Vanguard Group, Inc. serves as
Investment Manager. The value of an investment in the Upromise College Fund 529 Plan will vary with market conditions. Investments
in the 529 Plan are not FDIC-insured or government guaranteed, and you could lose money. Investing regularly does not assure a profit
and does not protect against loss in declining markets.
Upromise, the Upromise logos and Ugift are registered service marks of Upromise, Inc. © 2008 Upromise, Inc.
All other logos trademarks, service marks, or registered trademarks are the property of their respective owners. Used with permission.
All rights are reserved.
UCF6046 1108