Make a Contribution
NJBEST offers two ways to make contributions to your account: one-time contribution or set up automatic investments. Read below to determine which option is best for your situation.
Make a one-time contribution
It’s easy to make a one-time contribution. Download this form and include account owner, beneficiary, account number and contribution amount (minimum $25.) Personal checks, cashier’s checks and bank money orders are accepted.
PDFSet up automatic investments
NJBEST offers a convenient way to contribute regularly through our Automatic Investment Plan (AIP) feature. You can contribute a minimum of $25 automatically from your checking or savings account. Download the Automatic Investment Plan Form to start now.
Nonqualified withdrawals are subject to federal income tax, a 10% federal tax penalty, state income taxes and possible penalties.
Average annual total returns are net of the current Plan program management fee of 0.10% and expenses of the share classes of the underlying mutual funds in which Plan portfolios invest, currently up to 0.71% of assets, which may vary.1
See the Investor Handbook for more information on NJBEST 529 College Savings Plan, including sales charges, expenses, general risks of the Plan, general investment risks and specific risks of investing in Plan portfolios, which can include risks of convertible securities; country, sector, region or industry focus; credit; derivative securities; foreign securities, including currency exchange rates, political and economic developments, trading practices, availability of information, limited markets and heightened risk in emerging markets; growth or value style investing; income; interest rate; lower-rated and unrated securities; mortgages, asset-backed and credit-linked securities; life settlement investments; restructuring and distressed companies; securities lending; smaller and midsize companies; and stocks.
*Offered and administered by the New Jersey Higher Education Student Assistance Authority (HESAA); managed and distributed by Franklin Templeton Distributors, Inc., an affiliate of Franklin Resources, Inc., which operates as Franklin Templeton Investments. No federal or state guarantee. Principal value may be lost, and investing in the plan does not guarantee admission to any particular primary or secondary school or to college or sufficient funds for primary or secondary school or for college. Please refer to the Investor Handbook for more complete information.
The New Jersey Better Educational Savings Trust Program ("NJBEST") is a higher education savings and investment program of the State of New Jersey designed to satisfy the requirements of Section 529 of the Internal Revenue Code. NJBEST is a service mark of the State of New Jersey. The State of New Jersey Higher Education Student Assistance Authority (HESAA) selects investment managers for NJBEST, adopts regulations and carries out other functions necessary for its operation.
HESAA has selected Franklin Templeton Distributors, Inc. ("FTDI") to provide, directly or through subcontractors, certain distribution, investment management and administrative services relating to NJBEST. FTDI has retained Franklin Mutual Advisers, LLC., a registered investment advisor, to serve as the initial investment manager for the Franklin® Templeton® investment options. Both FTDI and Franklin Mutual Advisers, LLC., are affiliates of Franklin Resources, Inc., which is a global investment organization operating as Franklin Templeton Investments. Through various Franklin Templeton entities, Franklin Templeton Investments provides global and U.S. investment, shareholder and distribution services to the Franklin, Templeton and Franklin Mutual Series funds and institutional accounts, as well as separate account management services.
This material is not a recommendation of any particular security, is not based on any particular financial situation or need, and is not intended to replace the advice of a qualified attorney, tax advisor, investment professional or insurance agent. Before making any financial commitment regarding a Section 529 college savings plan, consult with the appropriate financial advisor.
