529 Savings Plan: Schwab 529 College Savings Plan: Charles Schwab

Open an account with $1,000, or $50 if you set up automatic monthly transfers.¹
Account maintenance fees: $0 fee (effective 2009)
Contribution limit: $290,000 per beneficiary.²
Who's it for? Anybody, regardless of age or income, who wants to enjoy tax benefits while saving for college.

Open the account that lets you:

Enjoy tax-deferred earnings.
Make tax-free withdrawals for qualified expenses such as tuition, room and board, and books.³
Maintain control of the assets and change your beneficiary anytime without penalty.⁴
Preserve potential financial aid benefits.
No gift tax incurred for contributions up to $65,000 ($130,000 per couple).

Because it's a Schwab account, you can:

Invest in portfolios based on Schwab’s asset allocation models—choose from six static portfolios based on risk tolerance or one of four age-based portfolios that grow more conservative as your beneficiary gets older.
Rely on our dedicated 529 college savings plan team to assist you.

Before investing, carefully consider the plan's investment objectives, risks, charges and expenses. This information and more about the plan can be found in the Schwab 529 Guide and Participation Agreement available from Charles Schwab & Co., Inc., and should be read carefully before investing. If you are not a Kansas taxpayer, consider before investing whether your or the beneficiary's home state offers a 529 plan that provides its taxpayers with state tax benefits and other benefits not available through this plan. As with any investment, it is possible to lose money by investing in this plan.

The Schwab 529 College Savings Plan is available through Charles Schwab & Co., Inc. and is managed by American Century Investment Management, Inc. The plan was created by the Kansas State Legislature under the provisions of Section 529 of the Internal Revenue Code and is administered by Kansas state treasurer Lynn Jenkins, CPA. Notice: Accounts established under the Schwab 529 Plan and their earnings are neither insured nor guaranteed by the state of Kansas, the Kansas state treasurer, American Century Investments or Charles Schwab & Co., Inc. Accounts established under the Schwab 529 Plan are domiciled at American Century Investments and not Schwab.

American Century Investments® receives remuneration from fund companies, including PIMCO Funds, American Beacon Funds, Metropolitan West Asset Management, and Baron Funds® for recordkeeping, shareholder services and other administrative services associated with funds held in the Schwab 529 Plan portfolios.

1. For Kansas residents: $250, or $25 per month if you establish an automatic monthly investment plan.
2. The limit is reached when the total value of all accounts for one beneficiary reaches $290,000 through a combination of contributions and account appreciation.
3. All non-qualified withdrawals are subject to federal and state income tax and a 10% penalty. State tax treatment of earnings may vary. Check with your tax advisor for rules on your state’s tax treatment. The availability of tax or other benefits may be conditioned on meeting certain requirement such as residency, purpose for or timing of distribution, or other factors.
4. May be subject to a federal gift tax or a generation-skipping tax. Please refer to the Schwab 529 Plan Guide and Participation Agreement for more information.

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