CollegeBound Saver 529 Plan

When it comes to paying for education, it’s never too early or too late to start saving; it’s most important to have a plan in place.

We are pleased to offer CollegeBound Saver, Rhode Island’s 529 Plan, as a voluntary benefit to help employees save for educational related expenses.  You can save for a child, grandchild, loved one, or even yourself. These savings can be used at eligible colleges, universities, and trade schools worldwide for tuition and other qualified school-related expenses. As part of your employee benefits, there are no minimums to get started and you’re able to contribute directly from your paycheck for as little as $1 per pay period. If you’re interested in learning more or would like to enroll, please join us for an upcoming webinar or feel free to schedule a meeting.

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

For more information about CollegeBound Saver, call 877-517-4829, or visit to obtain a Program Description, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.

CollegeBound Saver is administered by the office of the Rhode Island General Treasurer and the Rhode Island State Investment Commission. Ascensus College Savings Recordkeeping Services, LLC (“ACSR”), the Program Manager, and its affiliates have overall responsibility for the day-to-day operations including recordkeeping and administrative services. Invesco Advisers, Inc. serves as the Investment Manager. Ascensus Broker Dealer Services, LLC (“ABD”) markets CollegeBound Saver.