529 Savings Admin | ThoughtSpan Technology
 

529 Savings Admin

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Secure Platform. Manage IRS Regulations and Guidelines.

Manage the investment; Monitor the regulations; Service the participant.

ThoughtSpan’s 529 Savings Administration system provides all the features consumers expect when managing their investments online via a web-based account portal. Program managers have all the functionality necessary to properly and efficiently administer a 529 savings plan. With over $1.3 billion in assets under management, our system is a tried and true solution.

Monitoring and Management

  • Beneficiary contribution limits
  • Annual investment exchange limits
  • Self-directed investment monitoring
  • Grants/contribution matching
  • 1099 reporting

529 Savings AdminAdminister the Account

  • Variety of investment types – Market based, interest bearing, protected principal, age-based
  • Automated payments (ACH, EFT), manual payments, group payments (Payroll deduction)
  • Automated notifications – email and hardcopy
  • Secure, electronic , automated trade submission platform
  • Transaction processor
  • Periodic statement engine
  • Transfers, Exchanges and Migrations

Empower the Participant

  • Online account manager
  • Open new accounts
  • Submit transactions – allocation changes to distributions to transfers and more.
  • View historical transactions
  • Access account forms and documents
  • Fund performance