Glossary
P
- Passive Management
A passively managed investment typically tracks the investment holdings of a securities index (often called its benchmark) such as the S&P 500.
- Plan Document
A 529 plan document or disclosure statement provides detailed information about the 529 plan, including a description of the plan, risk factors, options for contributing to a 529 plan account, available investment portfolios (including past performance), plan fees and expenses, tax considerations, the rules concerning distributions, as well as limitations and penalties.
- Plan Management Fee
A plan management fee is paid to the plan manager to cover the cost of providing services to the 529 plan.
- Plan Manager
The plan manager for a 529 plan is a financial institution or other entity that contracts with a state to provide investment management, distribution, administrative and other services to the state in connection with the 529 plan.
- Portfolio
A portfolio is an investment consisting of a collection of stocks and/or bonds or other assets.
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