Fidelity Advisor 529 Plan

Working with You to Help College Savings Grow

Fidelity Advisor 529 Plan

Sponsored by the State of New Hampshire

Our 529 plan offers potential tax advantages, a broad range of investment options, and high contribution limits to help students save for higher education expenses.

Assets in the plan can be used for tuition, books, and other education-related expenses at most accredited colleges and universities.1 With the new tax bill, parents who send their children to private elementary and high school can also use our plan to cover those expenses.

Daily Pricing and Returns

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Communicate 529 Plan Benefits

A

Tax Advantages

  • Earnings grow tax deferred.
  • The tax code allows taxpayers to pay up to $10,000 per student per year in K–12 tuition.2
  • Qualified distributions are federal income tax free. Money not used for qualified expenses will be subject to a 10% federal tax.
  • If a student gets a scholarship, the amount of the award can be withdrawn without the 10% federal tax. Just pay ordinary income tax on the earnings.
  • Assets may be used to repay up to $10,000 in student loans for the beneficiary or a sibling of the beneficiary.3
  • Distributions are tax free for qualified expenses associated with a beneficiary enrolled in a registered apprenticeship program.4
B

Control and Flexibility

  • The account owner controls the account and authorizes the withdrawals, even after the beneficiary turns 18.
  • There are no income requirements for opening an account.
  • The account owner can change the beneficiary of the account to a family member of the original beneficiary.
  • The account owner has the flexibility to use the assets at most accredited colleges and universities.1,2
C

Estate Tax and Gifting Benefits

  • Contribute up to $75,000 ($150,000 per married couple) per beneficiary in a single year without the money being subject to the federal gift tax.5
  • Assets gifted to a 529 plan are considered immediately removed from the donor’s estate, which may help reduce or eliminate estate taxes.
  • Accelerated gifts may result in a larger 529 plan account balance over time, thanks to compounding.

Make the Most of Every Dollar

Fidelity Advisor Workplace 529

Offering the Fidelity-managed Workplace 529 Plan is a great way to show employees that you understand their needs and value their financial security. And it's a low-cost enhancement to employee benefits packages.

Employers can set up employee contributions to our Workplace 529 Plan either through payroll deduction or through Electronic Funds Transfers (EFTs) from employee bank accounts.

Learn more

Consider the Fidelity Investments 529 College Rewards® Visa Signature® Card

Earn unlimited 2% cash back4 on every eligible net purchase when you redeem your Reward Points as a deposit into an eligible Fidelity-managed 529 account.6

There's no annual fee. And the card has no Reward Point caps or limits, and Points do not expire.4

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  • We may change APRs, fees, and other Account terms in the future based on your experience with Elan Financial Services and its affiliates as provided under the Cardmember Agreement and applicable law.
  • 1. Includes many vocational and technical schools and eligible foreign institutions.
  • 2. Up to $10,000 per taxable year in 529 account assets per beneficiary may be used for tuition expenses in connection with enrollment at a public, private, or religious elementary or secondary educational institution. Although the assets may come from multiple 529 accounts, the $10,000 qualified withdrawal limit will be aggregated on a per beneficiary basis. The IRS has not provided guidance to date on the methodology of allocating the $10,000 annual maximum among withdrawals from different 529 accounts.
  • 3. The Setting Every Community Up for Retirement Enhancement (SECURE) Act. The definition of qualified higher education expenses for 529 plans expanded to include amounts paid as principal or interest on any qualified education loan of a 529 plan designated beneficiary or a sibling of the designated beneficiary. The amount treated as a qualified expense is subject to a lifetime limit of $10,000. This provision is applicable to distribution made after December 31, 2018.
  • 4. SECURE Act. The definition of 529 plan qualified higher education expenses expanded to include expenses for fees, books, supplies, and equipment required for the participation of a designated beneficiary in an apprenticeship program registered and certified with the Secretary of Labor under section 1 of the National Apprenticeship Act. This provision is applicable to distribution made after December 31, 2018.
  • 5. In order for an accelerated transfer to a 529 plan (for a given beneficiary) of $75,000 (or $150,000 combined for spouses who gift split) to result in no federal transfer tax and no use of any portion of the applicable federal transfer tax exemption and/or credit amounts, no further annual exclusion gifts and/or generation-skipping transfers to the same beneficiary may be made over the five-year period, and the transfer must be reported as a series of five equal annual transfers on Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. If the donor dies within the five-year period, a portion of the transferred amount will be included in the donor's estate for estate tax purposes.
  • 6. You will earn two Points per dollar in eligible net purchases (net purchases are purchases minus credits and returns) that you charge. Account must be open and in good standing to earn and redeem rewards and benefits. Upon approval, refer to your Program Rules for additional information. You may not redeem Reward Points, and you will immediately lose all of your Reward Points, if your account is closed to future transactions (including, but not limited to, due to program misuse, failure to pay, bankruptcy, or death). Reward Points will not expire as long as your account remains open. Certain transactions are not eligible for Reward Points, including advances (as defined in the agreement, including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets, and ATM disbursements), annual Fee, convenience checks, balance transfers, unauthorized or fraudulent charges, overdraft advances, interest charges, fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items. The 2% cash back rewards value applies only to Points redeemed for a deposit into an eligible Fidelity account. The redemption value is different if you choose to redeem your Points for other rewards such as travel options, merchandise, gift cards, and/or statement credit. Other restrictions apply. Full details appear in the Program Rules new card customers receive with their card. Establishment or ownership of a Fidelity account or other relationship with Fidelity Investments is not required to obtain a card or to be eligible to use Points to obtain any rewards offered under the program other than Fidelity Rewards.
  • Federal law requires that all investments in a 529 account be made in cash.
  • See an Offering Statement for more details on changing beneficiaries.
  • The creditor and issuer of this card is Elan Financial Services, pursuant to a license from Visa U.S.A. Inc.
  • Fidelity and Elan Financial Services are separate companies.
  • Fidelity Investments & Pyramid Design and Fidelity Investments 529 College Rewards are registered service marks of FMR LLC.
  • Information provided is general (and educational) in nature. It is not intended to be, and should not be construed as, legal or tax advice. Fidelity does not provide legal or tax advice. Laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy, or completeness of this information. Consult an attorney or tax advisor regarding your specific legal or tax situation.
  • Units of the Portfolios are municipal securities and may be subject to market volatility and fluctuation.
  • The Fidelity Advisor 529 Plan is offered by the state of New Hampshire and managed by Fidelity Investments. If your client or the designated beneficiary is not a New Hampshire resident, you may want to consider, before investing, whether their state or the designated beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits, such as financial aid, scholarship funds, and protection from creditors.
 
 

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