SOUTH DAKOTA

CollegeAccess 529

Type: Savings

Phone: 866-529-7462

State tax deduction for residents: No state income tax

Open to nonresidents: Yes

Refund provisions: Penalty of 10% of earnings

Minimum/maximum contributions: $250 ($1,000 for nonresidents) / $305,000

PIMCO Funds Distributors manages this program that offers 26 investment choices within three basic portfolios: age-based, customized investment and select (individual) fund investment portfolios. Residents can invest directly in the progam and pay only underlying fund expenses, which are 0.65%. Nonresidents, however, must invest through a financial adviser and pay up to 1.41% in fund expenses, plus sales charges.

State College Savings Plans