The Rosen Group
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First National Bank
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Nebraska State Treasurer's Office
NEST 529 Advisor Plan Earns Top Spot in Third Quarter Rankings from Savingforcollege.com
Plan Ranked in Top Ten for 1-, 3-, 5-Year Performance
Lincoln, Neb. (December 19, 2017) – The NEST 529 Advisor Plan is officially the No. 1 advisor plan in the country for three-year performance from October 1, 2014, through September 30, 2017, according to Savingforcollege.com. The plan, managed by First National Bank of Omaha and the Office of Nebraska State Treasurer Don Stenberg, also ranked fifth for five-year performance and tenth for one-year performance in the Savingforcollege.com Third Quarter 2017 Rankings Report—placing NEST in the top ten for all three categories.
Savingforcollege.com, a provider of college savings information and research, assessed 32 of the nation’s largest advisor plans to determine the rankings, which were derived using the average of each plan’s relevant portfolio performance in seven unique asset allocation categories: 100 percent Equity, 80 percent Equity, 60 percent Equity, 40 percent Equity, 20 percent Equity, 100 percent Fixed and 100 percent Short Term.
“It’s very rewarding to see our hard work and dedication lead to positive performance results. We strive to make the NEST 529 Advisor Plan one of the top advisor plans in the country and to provide families with the best resources to help them achieve their higher education goals for their loved ones,” said Treasurer Stenberg.
The NEST 529 Advisor plan is one of four plans offered by the Nebraska Educational Savings Plan Trust and is available to both in-state and out-of-state residents. In August 2017, NEST announced adjustments and lower fees to the Advisor plan, creating greater benefits for account holders. As of December 17, 2017, the fees were lowered even further.
“Being ranked in the top ten for all three categories—1-year, 3-year and 5-year performance—is a reflection of our commitment and passion at NEST,” said Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha. “We work closely with our investment management team, the Nebraska Investment Council (NIC) and its investment consultant, as well as the State Treasurer’s Office to make sure the investments are positioned for great performance. Our team diligently conducts reviews each quarter, making necessary adjustments to ensure the best return for the client, and this achievement serves to further motivate us in our continued efforts.”
About NEST Advisor College Savings Plan
The NEST Advisor College Savings Plan is a tax-advantaged 529 college savings plan and one of four plans in the Nebraska Educational Savings Plan Trust (NEST). The four NEST plans that help make saving for college simple and affordable are: the NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the TD Ameritrade 529 College Savings Plan, and the State Farm College Savings Plan. The Nebraska State Treasurer serves as Program Trustee. First National Bank of Omaha serves as Program Manager, and all investments are approved by the Nebraska Investment Council. Families nationwide are saving for college using Nebraska’s 529 College Savings Plans, which have more than 254,000 accounts, including 79,000 in Nebraska. Visit NEST529Advisor.com and treasurer.nebraska.gov for more information.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska is the largest privately owned banking company in the United States. First National and its affiliates have $20 billion in managed assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
Investments Are Not FDIC Insured* - No Bank, State or Federal Guarantee - May Lose Value
*Except the Bank Savings Individual Investment Option