Portfolios
This portfolio type is for account owners who would want to "set it and forget it"
Target Enrollment
This person is who the account is setup for
Beneficiary(Student)
Customers who complete withdrawals are provided with this form after the year ends?
1099-Q
What is the minimum amount required to open an account with Invest529?
$10
A transaction where an account owner moves funds from one QTP to another QTP is called this
Rollover
Invest529 currently offers ______ portfolio types
Five
This person is able to make contributions and contact customer service but they are unable to make changes to the account
Authorized Individual
Non-qualified withdrawals are subject to a ______ penalty on the earnings portions of their withdrawals
10%
Customers can complete their contributions by check/money order, electronic transfer, wire transfer, rollover and _________ ?
Direct Deposit
Customers can complete how many Investment Directions in one calendar year?
Two
The Asset Management fee + Administrative fee combine to make up this?
Expense Ratio
This person would become the new account owner in the event of the account owner's passing
Designated Survivor
If a distribution is issued directly to a school, ______ will be the recipient of the tax form?
Student
This process takes 1-3 business days after a contribution
Pending Settlement Period
What is the maximum amount a customer (below 50 years old) can rollover to a Roth IRA in one tax year?
$7,000
The ESG Core Equity Portfolio belongs to this type?
Specialty Portfolio
This individual oversees the account for minors but is not considered an account owner
Custodian
Virginia taxpayers age 69 and below can deduct ______ per account per year with an unlimited carryforward
$4,000
The maximum allowable account balance across all CSP administered programs is __________ in 2025
Customers have ____ days to provide a statement showing the basis and earnings of their Coverdell Transfer
60
Customers can use this tool to help narrow down options and select the best portfolio for their situation
Portfolio Selection Assistant
This individual can act on behalf of the account owner and can complete all of the same actions
Power of Attorney
Contributions that exceed ________ will be subject to the Federal Gift Tax in 2025
$19,000
Gift contributions are made available to withdraw after ______ days
30 Business
True or False? Fund movement between CollegeAmerica and Invest529 accounts are treated as a Rollover
False