529 Plan Comparison
As shown in the following 529 plan comparison chart, Bright Start is a good college savings plan if you desire both flexibility and control.
Bright Start vs. Other Education Savings Options.
1. All assets, including earnings, under all accounts in all other Section 529 plans established and maintained by the state of Illinois for the benefit of a particular beneficiary must be aggregated when applying this limit. New contributions will not be allowed once this limit is reached. Earnings, however, will continue to accrue. Consult your tax advisor for information on how 529 tax treatment would apply to your particular situation.
2. Non-Account Owners have no control over contributions. Only Account Owners may direct transfers, rollovers, withdrawals, investment changes and changes in the Designated Beneficiary.
3. You may adjust your allocations for money previously invested only once per calendar year, but you may allocate new contributions among any combination of available investment options.
By clicking on the links above, you may be leaving our website and entering an external website. OppenheimerFunds and its affiliates is not responsible for the content posted on third party websites.