Kentucky Education Savings Plan Trust

Enrollment Materials

branding graphicIt's easy to open an account with the Kentucky Education Savings Plan Trust (KESPT). The minimum contribution is $25 through check, electronic funds transfer, automatic contribution plan from your bank account, or through a transfer of funds from another state's qualified tuition program. The minimum contribution is $15 (per investment option, per beneficiary) if ongoing contributions are made by payroll deduction.

 

 

To open an Account and begin making contributions:

  1. Carefully read the KESPT Disclosure Booklet and Participation Agreements (PDF, 435KB).
  2. Select the investment option or mix of options that is right for you. You can invest by check, electronic funds transfer, automatic contribution plan, payroll deduction, or a transfer of funds from another state's qualified tuition program.
  3. Complete and sign the Account Application.  Select from the list below:

    Individual Account Use this form to open a KESPT Account by an individual (typically a parent, grandparent, family member or friend).

    Custodial Account for a Minor (UGMA/UTMA) Use this form to open an Account under the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA).  Unlike other types of accounts, a custodial account owner is acting purely in a representative capacity for the minor beneficiary, who is the legal owner of the account.  Please read the Important Information about Custodial Accounts, contained in the Account Application for a Custodial Account, before opening this type of account.  You should also be aware that funds deposited into this type of account cannot be transferred or rolled over to another account owner or beneficiary.

    Entity Account Use this form to open an Account for a trust, estate, business entity, IRC 501(c)(3) organization, or a state/local government.
  4. Enclose a check, made payable to the Kentucky Education Savings Plan Trust if you are making your contribution by check. Contributions are only permitted by personal checks, money orders, bank drafts, teller's checks and checks issued by a financial institution or brokerage account payable to the Account Owner and endorsed over to the Program by the Account Owner, and third-party personal checks up to $10,000 endorsed over to the Program by the Account Owner.
  5. Return your completed and signed Account Application and your initial contribution if you are making it by check, or your completed Payroll Deduction Form (PDF, xx KB) form or the Authorization for Automatic Payroll Deduction (PDF, xx KB) form.)  Mail all completed documentation to:

    KESPT
    P. O. Box 8100
    Boston, MA 02266-8100

Please note: PDF files require the free Adobe Acrobat Reader. Get it here.

 

WE'RE HERE TO HELP

Download and print our Program Brochure (PDF, 277KB).Remember, you can always enroll online any time.

Questions? Read our FAQ.

Don't forget to set up the Automatic Contribution Plan (PDF, 157KB) or use Payroll Deduction (PDF, 45KB) for your contributions.

Learn how to transfer funds from another 529 College Savings Plan

Tell a Friend
Let a friend know about the Kentucky Education Savings Plan Trust.
Webcast
CalculateCalculate Your
Savings Need
CompareCompare College
Savings Options
Questions?Questions?
Call 1-877-598-7878

The tax information contained on the Kentucky Education Savings Plan Trust (the Plan) Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

The Plan is administered by the Kentucky Higher Education Assistance Authority. TIAA-CREF Tuition Financing, Inc. (TFI) serves as Program Manager.

The investment approaches described are not recommendations and do not take into consideration personal goals or preferences. After evaluating information you consider important in making an investment choice, the ultimate decision is up to you. It is a good idea to revisit your investment strategy periodically as your goals, personal financial situation, and market conditions change.

Consider the investment objectives, risks, charges and expenses before investing in the Plan. Please call toll-free 1-877-KY TRUST (1-877-598-7878) for a Disclosure Booklet containing this information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

The Commonwealth of Kentucky, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return except for TIAA-CREF Life Insurance Company’s guarantee to the Kentucky Education Savings Plan under the funding agreement for the Guaranteed Option. Account value will fluctuate based upon a number of factors, including general market conditions.

The Plan Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Booklet.

The Plan Web site contains links to other Web sites. Neither the Plan Trust nor TFI and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

C42489
© 2010 TIAA-CREF Tuition Financing Inc.