Qualified Tuition Plans (529 Plans)

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 Kutak Rock represents various state governments and state agencies in implementing and maintaining qualified tuition programs under Section 529 of the Internal Revenue Code. We provide tax and securities counsel to prepaid tuition programs and qualified savings programs. We also assist governments with key program design and promotional decisions.

Our attorneys have extensive experience negotiating with 529 plan service providers and drafting agreements governing these essential relationships. We prepare and review plan policies, procedures and administrative forms to reflect current legal requirements and best practices. We also ensure program materials and disclosure documents conform to applicable law and the College Savings Plan Network Disclosure Principles and adequately provide participants accurate and easily understood information.

We also aid states and state agencies in reviewing the regulatory and statutory structures governing their 529 plans. We have experience garnering support for legislative changes in light of nationwide trends and regulatory changes.