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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
Administer 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