John Hancock

529 – College Savings Plan

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.

There are two types of 529 plans: pre-paid tuition plans and college savings plans. All fifty states and the District of Columbia sponsor at least one type of 529 plan. In addition, a group of private colleges and universities sponsor a pre-paid tuition plan.

They’re sponsored by individual states and generally managed and marketed by private financial firms. 529 savings plans offer tax-deferred growth and any distributions used for qualified education expenses — tuition, fees, books, room and board — are federal income tax-free.1
http://www.sec.gov/investor/pubs/intro529.htm

To better help you achieve your retirement goal we’ve added more investment options for you to choose from. Whether it is a Lifestyle Portfolio or a Lifecycle Investment, TTS has made the best investment choices available for you. For a complete list of the Funds now available, log in at www.jhpensions.com You may also visit this site to access the interactive goal setting tool and instantly receive your personalized Action Plan.

• Diversified offering of Investment funds managed through John Hancock
• UBS as financial advisor to plan
• Quarterly enrollment dates
• Annual enrollment/education meetings for employees
• On-line employee access to review account and change investments – click here www.jhpensions.com