The following assumptions are made in the above calculations:

• is equal to the nominal federal capital gains tax rate, which is determined by the specified {{ terms.income.label }}, multiplied by the total capital gain on the 529 plan.
• is equal to {{ terms.stateTaxSavings.label }} multiplied by the nominal federal tax rate, as determined by the specified {{ terms.income.label }}.
• Total fees equal the sum of the total asset-based fees plus the total upfront sales charges.
• Total asset-based fees is equal to the sum of the specified asset-based fee percentage multiplied by the year-by-year cumulative account balance. Fees are deducted from the projected savings at the end of each year.
• Total upfront sales charge is equal to the specified upfront sales charge percentage multiplied by total contributions.
• By default, the {{ terms.feePercentage.label }} is the midpoint of the range as obtained by Invite Education through official plan web sites and offering documents
• Calculations do not take into account any contingent deferred sales charges (CDSC), breakpoint or other discounts that may apply, or other fees unless they are included in the user inputs for fees and charges. Please consult the plan Disclosure Statement for complete terms and conditions regarding charges and discounts.
• Savings are compounded monthly based on the specified {{ terms.rateOfReturn.label }}.
• The {{ terms.initialContribution.label }} is assumed to be made during the current month. The last {{ terms.monthlyContribution.label }} is assumed to be made on September 1 of the last year, as determined by the specified {{ terms.yearsUntilCollege.label }}.
• 529 plan contributions are generally considered completed gifts. As such, they qualify for the federal annual gift tax exclusion ($15,000 if filing single, $30,000 if filing jointly). With 529 plans, contributions up to five times the annual gift tax exclusion, or $75,000 ($150,000 for a married couple) can be made free of federal gift taxes in one lump sum, per beneficiary. Once you make this maximum gift, however, you cannot make any other gifts free of taxes to that beneficiary for five years. If you die during the five-year period, the contribution amount allocated to the calendar years after the date of death would be included in your estate for estate tax purposes.

The 529 Plan Comparison Tool is intended to provide an estimate of savings, fees, and potential state tax advantages of 529 plans based on (a) information on 529 Plans obtained from publicly available sources, including plan disclosure documents and web sites, (b) assumptions, some of which may be provided by the user, with regard to the asset-based fee percentage, and the rate of return on savings, and (c) information provided by the user. These hypothetical scenarios are intended to be an illustration of potential outcomes and are not to be considered advice or recommendations and are not guarantees of future results.

The 529 Plan Comparison Tool is supplied, maintained, and powered by Invite Education, LLC and Invite Education, LLC does not guarantee the accuracy, suitability or usefulness of these results, and shall not be responsible for any investment or trading decisions, gains or losses, or advice resulting from this analysis.

Please consult investment, tax or legal advisors for qualified professional advice in these areas.

All investing is subject to risk, including the possible loss of the money invested.

For more information about any 529 college savings plan, contact the plan provider to obtain a program description, which includes disclosure regarding investment objectives, risks, charges, expenses and other information, and read and consider the program description carefully before investing.

If you are not a taxpayer of the state offering the 529 plan, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. This tool isn't intended to constitute, nor does it constitute, tax advice. Please consult your own tax advisor for more information on the tax implications of investing in a 529 plan based on your own particular circumstances.

Please note that some states may offer more than one tax benefit, and as a result you should consult the selected plan's website and your tax professional for details on any tax benefits for which you may qualify.

Please note that the information above has been obtained by Invite Education, LLC from several sources, including the plan disclosure documents and plan web sites, and may not be accurate or complete, and it should not be used as a sole basis for any investment decision. The information included above is limited and should not be considered as a recommendation for any 529 plan. Also, the information is subject to change at any time. Invite Education, LLC will update the information periodically, but there is no guarantee that the information above is up to date. Please refer to each 529 plan’s plan disclosure document for the most current and complete information regarding investment objectives, risks, fees and expenses and other information regarding such 529 plan. 529 plan disclosure documents contain this and other information you should read carefully before investing.

This information does not consider all 529 plans available, is not complete, and does not discuss all aspects of a 529 plan that should be considered before an investor chooses a 529 plan.

Investments in 529 college savings plans are neither FDIC insured nor guaranteed and may lose value.

This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice. Contact your attorney or other advisor regarding your specific legal, investment or tax situation.

The 529 Plan Comparison Tool compares advisor-sold plans only. Some states offer direct-sold plans where you can enroll directly with the program as well as advisor-sold plans where you enroll through an advisor. Generally, investment options and fee structures vary between direct-sold and advisor-sold plans. Be sure to understand the options available, including fees and expenses before making investment decisions.