Managing Your Account

Good job! You’ve opened your Minnesota College Savings Plan account — you’re on the road to saving for college. Now, discover everything you need to know to manage your account online or by mail.

If you’re wondering how to get money into your account, out of your account, plus anything else you might need to do along the way to manage your plan, you have come to the right place.

If you find yourself here but you haven’t opened an account yet, here’s how to get started or get more information on the Minnesota College Savings Plan.

All forms are in PDF format and require the free Adobe Acrobat Reader.

Making Contributions & Withdrawals

Getting money into or from your account are among the most frequent transactions you’ll make with your Minnesota College Savings Plan account. Here are all the ways you can do it, whether online or by mail.

Click on the short tutorials below to view how to navigate online.

Contributions

Withdrawals

Gifting

Learn More about How Contributions Work

Learn More about Qualified Withdrawals

Making an Electronic Funds Transfer

Have you received a tax return, bonus, inheritance, or other lump sum you wish to put towards saving for college? To make a one-time electronic funds transfer from a checking or savings account to your 529 plan, follow these instructions.

What You’ll Need

If you haven’t already set up your payment information, or if you wish to make this contribution from a different bank account, you will first need to Update Your Account Information with the following information:

Checking or savings account number

Bank routing number

Name as it appears on the account

Bank’s name

How to Do It

Login to your account online. Once you’ve logged in, you will go directly to the contribution page.
Select ‘Electronically from your bank account’.
Enter the contribution amount.
Select ‘One-time contribution’.
Select the bank account.
Select Next.
Verify all contribution information is correct.
Select ‘Submit’ and you’re done!

Setting up Bill Pay with your Bank

Simplify regular contributions to your MNSAVES 529 college account by the click of a button on the Bill Pay option using your own Bank. Pay privately, securely and reliably. Save time and stay efficient by using your Bank’s Bill Pay feature.

To set up your Bill Pay online with your Bank, please use the following information:

Name of Payee: Minnesota College Savings Plan

Address:

PO Box 219455
Kansas City, MO 64121-9455
1-877-338-4646

Complete the memo line:

Include the 11-digit account number.

Recurring Payments:

Some online bill pay services offer recurring (automatic) payments. Check with your Bank on this option.

Making Payment Contributions by Personal Check, Teller’s Check or Cashier’s Check

With the Minnesota College Savings Plan you get more ways to pay. With a minimum $25 dollar contribution, you can make an additional one-time payment using a personal check, Teller’s Check or Cashier’s check.

How to Do It Online

Login to your account online. Once you’ve logged in, you will go directly to the contribution page.
Select ‘Mail a check’, and click Next.
Click ‘Get Form’.
Click ‘Print Form’.
Make the check payable to Minnesota College Savings Plan.
Write your account number on the check in the memo line.
Mail in the check and printed from

What You’ll Need to Do it By Mail

To make this payment, you’ll need:

Your basic Minnesota College Savings Plan account number

Account owner name

Beneficiary name

A printed copy of the Additional Contribution form

How to Do It by Mail

Download and complete the form.
Be sure to verify your account information is correct.
Select the Source of funds.
Enter the Amount, and for an Indirect Rollover the Principal and Earnings.
Make the check payable to the Minnesota College Savings Plan.
Mail the completed form and you’re done!

Where to Mail Forms

	Standard Delivery		Overnight Delivery Only
	Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455		Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

	The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

STANDARD DELIVERY
Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455

OVERNIGHT DELIVERY ONLY
Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

Setting up Recurring Contributions

With the Minnesota College Savings Plan, making regular contributions automatically is easy and worry-free. Set up recurring contributions from your checking or savings account to your 529 plan in minutes. Once complete, you can change recurring contributions to your account at any time.

What You’ll Need to Do It Online

To set up your recurring contribution plan online, you will first need to Update Your Account Information with the following information:

Checking or savings account number

Bank routing number

Name as it appears on the account

Bank’s name

How to Do It Online

Login to your account online. Once you’ve logged in, you will go directly to the “Contribution” page.
Select “Electronically from your bank account”.
Enter the contribution amount.
Select “Recurring”.
Select the Frequency and Start Date for the contributions.
Choose if you would like to automatically increase this recurring contribution annually.
Select the bank account, then click “Next”.
Verify that the recurring contribution information is correct.
Select “Submit” and you’re done!

Requesting Gift Contributions

Everyone wants to help a child succeed in life. One of the most unique features of your Minnesota College Savings Plan account is the capability to ask for help from friends and family. Send them a Ugift^® Invitation for a special occasion, like a birthday, holiday, graduation or one-time event, and help grow your account.

You might also want to share the Minnesota College Savings Plan website’s gift certificate form with potential gift givers, like grandparents or aunts and uncles, who may wish to send a contribution without an invitation.

How to Ask for Gifts

Once you’ve opened and set up online access for your Minnesota College Savings Plan, select the Ugift link from the “My Accounts“ page.
Once you are on the Ugift page, a unique Ugift code will be provided for each account.
Friends and family can use your Ugift code at any time to easily make gift contributions at Ugift529.com.
You can share your Ugift code using Ugift’s email, Facebook, Twitter, or printed party invitation inclusions. Another option for sharing is to print the Contribution Deposit Slip and mail it.

Where to Mail Contribution Deposit Slips

	Standard Delivery		Overnight Delivery Only
	Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455		Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

	The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

STANDARD DELIVERY
Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455

OVERNIGHT DELIVERY ONLY
Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

Setting up Payroll Direct Deposit

If you work for a participating company or organization, saving for your Minnesota College Savings Plan account just got even easier. With contribution minimums as low as $15 per pay period, you can setup direct deposit to your account. And don’t worry — if you want to make changes down the road, you may do so whenever you like.

What You’ll Need

Before setting up or changing your Payroll Direct Deposit, you’ll need to have your Employee Information, including:

Name and social security number

Employer name, address, Payroll Department Contact Name and telephone number

Contribution amount per pay period

Starting date for deductions

Additionally, you’ll need the beneficiary’s name.

How to Do It

Step 1

First, be sure you’ve opened up your MNSAVES account online.

Log on to your account at mnsaves.org.
Click the Profile & Documents link on the My Accounts page.
Click on “Payroll Direct Deposit” on the left side.
Click “Change payroll instruction” to start the process.

Step 2

Follow the prompts to select the amount to contribute from each paycheck and also how much to deposit for each beneficiary (if applicable).
Once you submit this information, you must click on Get Form and then Print out the payroll form.

This form will be pre-filled with your name, your unique account number, the total payroll deduction amount, and the routing (ABA) number for the Plan’s bank. If you are funding more than one account by payroll direct deposit, the amount per pay period should be the sum of ALL your payroll contributions to your MNSAVES accounts.

Step 3

Submit the payroll form to your company’s human resources, benefits, or payroll department. If your employer uses a self-service portal, use the form to fill in the information on your own, just like you would to direct deposit your paycheck into a checking or savings account.
Your employer will update the payroll direct deposit amount in the payroll system and will automatically send your contributions to MNSAVES.
Be sure to inform your employer of any changes you wish to make to your payroll direct deposit contributions.

How to Manage an Incoming Rollover from another 529 College Savings Plan Account

If you already have a college savings account, wonderful! You’re that much further ahead. And there’s more good news. With the Minnesota College Savings Plan you’re allowed to rollover the partial or complete balance from any other 529 plan into your account.

You may perform a tax-free rollover of a 529 account for the same beneficiary as often as once every 12 months. You may move money by direct rollover (money is transferred directly from your current 529 plan custodian MNSAVES) or by indirect rollover (you request a check for the amount from the current 529 plan custodian and reinvest it in MNSAVES within 60 days).

Check with your current custodian to verify that it will accept our request for a rollover and to determine if any penalties will apply to the transaction. When you request a direct rollover using either the Online Enrollment process (for new accounts) or the Incoming Rollover Form (for existing accounts), you must provide us with a statement from the plan custodian showing the basis and earnings amounts in the 529 account at the time of distribution.

Complete our Online Enrollment process.

Complete our Incoming Rollover Form.

How to Do It Online

Login to your account online.
Click on the desired account.
Click “Rollover from another 529”.
Select the Plan name of your existing 529 account, and click “Submit”.
Click “Download Form”.
Complete all required information and print and sign the form.
Mail the form and letter to the indicated address.

How to Do It by Mail

Download and complete the Incoming Rollover Form.
Be sure to verify your account information is correct.
Select “Rollover from a 529 Plan”.
Choose whether you’re transferring the full or partial balance.
Check with your previous plan to confirm if they require a Medallion signature guarantee before submitting the form.
Mail the completed form and you’re done!

Additional Information

To make this change free of federal taxes and penalties, the plan you’re transferring funds from must have the same designated beneficiary or a qualifying family member as beneficiary. Consult your tax advisor.

Where to Mail Forms

	Standard Delivery		Overnight Delivery Only
	Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455		Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

	The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

STANDARD DELIVERY
Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455

OVERNIGHT DELIVERY ONLY
Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

Redemption of Proceeds from a Coverdell Education Savings Account (ESA) or Qualified U.S. Savings Bond

With the Minnesota College Savings Plan you can roll certain existing educational accounts into your plan. For instance, if you’ve been using an ESA or qualified savings bonds (Series EE or I) to pay for your child’s primary or secondary education and you still have funds left, you can transfer part or all of those proceeds to your account. As long as the beneficiary is the same, you can even do it free from federal taxes and penalties.

How to Do It

Download and complete the Additional Contribution Form.
Be sure to verify your account information is correct.
In section 2 of the form, Contribution Method, select Indirect Rollover, and enter the Rollover Amount, Principal, and Earnings.
Mail the completed form and you’re done!

Additional Information

For a Coverdell ESA, you must submit an account statement issued by the financial institution that acted as trustee or custodian of the Coverdell ESA that shows the principal and earnings portions of the redemption proceeds.

If you’re contributing amounts from a savings bond, you must submit an account statement or IRS Form 1099-INT issued by the financial institution that redeemed the bonds showing the interest portion of the redemption proceeds. Consult your tax advisor.

Until we receive this documentation, the entire amount of your contribution will be treated as earnings. This treatment will result in adverse tax consequences if any portion of the account is subsequently taken as a nonqualified withdrawal.

Where to Mail Forms

	Standard Delivery		Overnight Delivery Only
	Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455		Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

	The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

STANDARD DELIVERY
Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455

OVERNIGHT DELIVERY ONLY
Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

Making Withdrawals

Are you getting ready to withdraw funds for the first time? If so, you’ll find you can make a withdrawal online, by mail, or by calling us. But there are few things to be aware of. Withdrawals fall into three categories: qualified, taxable and non-qualified. You can find out the differences and learn about MNSAVES 529 withdrawal rules here. Only qualified withdrawals may be made without federal income tax or penalties.

Please note: distributions from a Minnesota Matching Grant account will be made only by requesting your qualified withdrawal using the Withdrawal Request Form and submitting it to the Plan by mail. Please refer to the Plan Description for additional information about the Matching Grants.

What You’ll Need for an Online Withdrawal

If you haven’t already set up an account to receive the funds, for either yourself or the beneficiary, you will need to Update Your Account Information with the following details:

Checking or savings account number

Bank routing number

Name as it appears on the account

Bank’s name

Otherwise, you will receive the funds by check.

It’s important to keep in mind you won’t be able to withdraw a contribution until 8 days after receipt of that contribution. Please note, if you:

Change your mailing address, you won’t be able to make a withdrawal for 20 business days
Change banking information, you won’t be able to make a withdrawal for 30 days
Add a new bank account, you won’t be able to make a withdrawal for 30 days
Transfer the account to a new owner, no withdrawals may be made for 30 days

Additional requirements may apply to requests of $100,000 or more.

How to Do It Online

Login to your account online. Once you‘ve logged in, you will go directly to the “Withdrawal” page.
Select type of “withdrawal”:
- qualified withdrawal
- withdrawal to pay expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school
- withdrawal for Student Loan expenses
- withdrawal for Apprenticeship expenses
- non-qualified withdrawal
Select where the funds will be sent:
- Directly to the college or school – Select the state where the school is located and the school, and if the funds should be sent via Electronic payment or by Check.
  If Electronic Payment:
  
  Verify or enter the mobile phone number to receive text updates, or opt-out of receiving text updates
  
  If Check:
  
  Select the Delivery speed, enter the College name and address, and type the Student ID in the Check Memo field
- Account Owner – Select bank account and certify, or if by check select the Delivery speed and complete the Check Memo
- Beneficiary – Select bank account and certify, or if by check select the Delivery speed and complete the Check Memo
For funds sent to the Owner or Beneficiary, select “Partial” or “Total” account balance withdrawal.
If you have more than one investment option select “Prorated amount” or “By specific portfolio”
Enter the Withdrawal Amount(s).
For funds sent directly to the college or school, enter the school required information.
Verify withdrawal information is correct (type, delivery method, investment options, and amount).
Select “Submit” and you’re done!

What You’ll Need to Make a Withdrawal By Mail

A printed copy of the Withdrawal Request Form

If you wish to withdraw funds by Automated Clearing House (ACH) to an Account Owner’s Bank Account (already on file), you will need to provide the Bank Name and Account Number.

How to Do It by Mail

Download and complete the Withdrawal Request Form.
Be sure to verify your account owner and beneficiary information entered is correct.
Select/enter the Withdrawal Details.
Select the Delivery Method, if applicable.
Select/enter the Amount of Withdrawal. For Partial Fund Specific, enter the Investment Portfolios you want to withdraw the funds from, and enter an amount or select Total balance.
Sign, date, and mail in the completed form and you’re done!

Where to Mail Forms

	Standard Delivery		Overnight Delivery Only
	Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455		Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

	The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

STANDARD DELIVERY
Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455

OVERNIGHT DELIVERY ONLY
Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

Managing Account Information

Getting key tax documents, transferring accounts, changing successor account owners...during the lifecycle of your Minnesota College Savings Plan account you may need to do all of these things and more. Below you’ll find step-by-step processes with everything you’ll need to know to manage your account.

Learn More about Everything You Can Do with the Minnesota College Savings Plan

Reviewing Account Statements, Activity & Tax Reports

With the Minnesota College Savings Plan, login to view account statements and recent activity online at any time...or grab important documents like tax reports. It’s all as simple as logging in.

How to Do It

Login to your account online. Once you’ve logged in, you will go directly to the Statements, Confirms & Tax Forms page.
You can search by Year, Beneficiary and Document Type.
Click on a document link to view or print it.

Additional Information

If you take a withdrawal from the Minnesota College Savings Plan, sometime during the tax season you or your beneficiary will receive a 1099Q for any withdrawals made the previous year. This tax document includes the total of all withdrawals you make during a given year and may be taxable depending on the withdrawal type.

When a withdrawal is placed:

Payable to the Account Participant (The Account Owner will be the tax responsible party who will receive the IRS Form 1099-Q)

Payable to the Designated Beneficiary (The Beneficiary will be the tax responsible party who will receive the IRS Form 1099-Q)

Third Party (The Account Owner will be the tax responsible party who will receive the IRS Form 1099-Q)

Withdrawal to an eligible college or university, or secondary public, private or religious school (The Beneficiary will be the tax responsible party who will receive the IRS Form 1099-Q)

Indirect Rollover (The Account Owner will be the tax responsible party who will receive the IRS Form 1099-Q)

1099Q’s are sent to the responsible parties above dependent on delivery preference by January 31 of the year following that in which the withdrawal was done. (e.g. if a withdrawal takes place in 2021, the 1099Q would be generated and be delivered on or before January 31, 2022)

Transfer Account Ownership

At some point, you may find you want to transfer ownership of your account to another individual or entity eligible to be an Account Owner. You can make this transfer by submitting the appropriate Plan form. This in effect opens a new account for the beneficiary with the new owner. It’s important to note, depending upon who the new owner is in relation to the beneficiary, taking this action can have various tax implications.

What You’ll Need

To complete this process you do not need to change the Beneficiary if you transfer Account ownership, but you’ll need:

Your Minnesota College Savings Plan current account information

The new owner’s name, SSN, address and contact information

A printed copy of the Transfer form

How to Do It

Download and complete the form.
Be sure to verify your account information is correct.
Include the new account owner’s information.
Select the investment options you wish to transfer, including the amounts.
Mail in the completed form.

Additional Information

A transfer of the ownership of an Account will be effective only if the assignment is irrevocable, and transfers all rights, title, and interest in the Account.

Where to Mail Forms

	Standard Delivery		Overnight Delivery Only
	Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455		Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

	The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

STANDARD DELIVERY
Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455

OVERNIGHT DELIVERY ONLY
Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

Updating Account Information

Over the lifetime of your account you’ll probably need to change contact information, bank instructions, notifications, password, and security questions. With the Minnesota College Savings Plan you can do all of it in one place online.

Tired of all the paper clutter? Would you like to receive confirmations of account activity in addition to quarterly account statements online? Why not set up eDelivery? It’s faster, more convenient and environmentally friendly.

How to Do It Online

Login to your account online. Once you’ve logged in, you will go directly to the Profile page.
On the Profile page, you’ll find options for changing:
- Account Owner Contact Information and Email address
- Bank Information
- Payroll Direct Deposit
- Delivery Preferences (eDelivery)
- Password & Security Features
- Beneficiary Contact Information
- Successor Account Owner
- Authorized Agents / Interested Parties / Trusted Contacts
Select the field you wish to change, enter the new information or follow the instructions.
Submit your changes and you’re done.

Updating Successor Account Owner Information

Depending upon when you open your Minnesota College Savings Plan account, you will likely have it for years, even decades. If you didn’t add a successor account owner at creation, you may want to designate one in the event of your death or change the existing successor account owner as your life situation changes. For instance, say you’re a parent who put your kid through school and now they’re starting a family of their own. If there are funds remaining you could designate your child as the successor account owner to use for their own children.

What You’ll Need

If adding or removing a successor account owner, you’ll need:

The successor account owner’s full name, mailing address, birthdate, and SSN.

A printed copy of the Profile Change form (if updating using the form).

How to Do It Online

See the Updating Account Information section.

How to Do It by Mail

Download and complete the Profile Change Form.
Be sure to verify your account information is correct.
Update the relevant owner, successor account owner, or beneficiary information.
If required, include a Medallion signature guarantee before submitting the form.
Mail in the completed form.

Where to Mail Forms

	Standard Delivery		Overnight Delivery Only
	Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455		Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

	The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

STANDARD DELIVERY
Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455

OVERNIGHT DELIVERY ONLY
Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

Adding Children

If you wish to add an account for an additional child, it’s as simple and straightforward as opening your first account. Complete the process online.

What You’ll Need to Do It Online

Before adding a new account for a child, you’ll need:

The new beneficiary’s name, birthdate, and SSN

Their home address and contact info

How to Do It

Once logged into your account select the “Enroll” link.
Select the type of account (Individual or UGMA/UTMA)
Enter the new child’s info, including name, date of birth, SSN, and address if different from yours.
Select the investment options and funding choices.
Submit and you’re done!

Changing Beneficiaries

Even after you open an account you may designate a new beneficiary without penalty, so long as it’s an eligible family member of the former beneficiary.

What You’ll Need

To complete this process, you’ll need:

Your Minnesota College Savings Plan current account information

The new beneficiary’s name, SSN, address and contact information

A printed copy of the Transfer form.

How to Do It

Download and complete the form.
Be sure to verify your account information is correct.
Include the new beneficiary’s full information.
Select the investment options you wish to transfer, including the amounts.
Mail in the completed form.

Where to Mail Forms

	Standard Delivery		Overnight Delivery Only
	Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455		Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

	The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

STANDARD DELIVERY
Minnesota College Savings Plan PO Box 219455 Kansas City, MO 64121-9455

OVERNIGHT DELIVERY ONLY
Minnesota College Savings Plan 1001 E 101^st Terrace, Suite 200 Kansas City, MO 64131

The Minnesota College Savings Plan cannot accept cash contributions, starter checks, traveler’s checks, credit cards, convenience checks and some other forms of payment.

Managing investments

Changing the Investment Strategy for Previously Contributed Funds

While the Enrollment Year Investment Option offers a simple approach that automatically becomes more conservative as your child’s enrollment year approaches, you may be using another investment choice or find you want to later change your investment option(s).

Twice per calendar year, you may opt to redistribute existing funds among your various investment option(s).

How to Do It Online

Login to your account online and click on the desired account.
Click on the “Change investment Options” link.
Click on the “Continue” button in the “Exchange Now” section.
Your current asset allocation percentages and balances will be displayed.
Enter the desired percentages for your new asset allocation.
Select if you would like to update your Allocations for Future Contributions to these new asset allocation percentages.
Click “Next”.
Verify the exchange information.
Submit and you’re done!

Changing the Investment Strategy for Future Contributions

Though you can only rebalance existing investments twice per year, you can direct new contributions to different investments by changing your Allocations for Future Contributions at anytime.

How to Do It Online

Login to your account online and click on the desired account.
Click on the “Change investment Options” link.
The Your Current Investment Options section at the bottom of the page contains your current allocations for future contributions.
Click on the “Continue” button in the Allocations for Future Contributions section.
Enter New Instruction percentages for each investment option you want to make future contributions to, and click “Next”.
Verify your current and new allocations for future contributions information.
Submit and you’re done!

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Security Overview

TIAA-CREF Tuition Financing, Inc. serves as program manager for Minnesota’s 529 College Savings Plan (the “Plan”). Ascensus College Savings Recordkeeping Services, LLC provides recordkeeping and account processing services.

Our cybersecurity response program is designed to help keep your financial information safe and is intended to comply with applicable federal and state laws. Online security is a shared responsibility between you, the account owner, and us, the service provider. Safeguarding your assets, your personal information, and privacy is one of our fundamental priorities. We utilize a variety of controls to detect and prevent unauthorized access to our network and sensitive information.

OUR SECURITY PROMISE:

We are committed to keeping your financial information secure. Please know that we'll never call or email you to ask you for your login credentials. If you receive a suspicious message, don't click on any of the links or respond with personal information. Please report suspicious activity by calling your plan's customer service at 1-877-338-4646.

Safeguarding your own information: Account owner security checklist

While we strive to keep your information and transactions safe, there are actions you can take to contribute to your own security. The following are some best practices to follow.

Protect your account

Do not use your Social Security number (SSN), in full or in part, for a password or PIN.
Review your credit reports frequently (at least once a year). Verify the information listed about you is up to date and accurate and that it includes only those accounts and activities you've authorized. Work with the credit reporting agencies to have any inaccurate information removed.
Store your Social Security card, other identification cards, checks and accounts statements in a safe and secure location.
Do not carry your Social Security card, passport or birth certificate with you unless absolutely needed.
Do not share your personal or financial information over the phone or in person unless the information is absolutely necessary and you can confirm that the individual and company are legitimate.
Frequently monitor your financial accounts and report any suspected fraudulent transaction immediately.
Retrieve and review your mail promptly.
Shred financial documents no longer needed, pre-approved credit offers, receipts, and other documents that may contain financial and personal information.

Protect your computers, cell phone and other mobile devices

Install and set your anti-virus and anti-malware software to update automatically.
Activate all operating system security features on your internet capable devices.
Make sure your personal computer and home network are properly protected from malware by setting up your firewall. Check to see that the firewall has been properly installed - or enabled if it came bundled with your operating system.
Make sure to keep your web browser software up-to-date by installing the most recent version.
Keep the operating system for your computer or mobile device up-to-date.
Never leave your computer, cell phone, or other mobile devices logged on and/or unattended in public.
Password protect and lock your computers, cell phone, or other mobile devices when not in use.
Only download applications from reputable sources. Be suspicious when installing applications that require you to provide information that has nothing to do with the application's purpose.
If you believe your mobile device is infected with malware, contact your service provider.

Keep your information secure

If you have any doubts about the authenticity of an email, which appears to be from TIAA-CREF Tuition Financing, Inc. or the MNSAVES Plan, or involves your Plan account, call the Plan’s customer service at 1-877-338-4646. Then, be sure to delete the suspicious emails from your mailbox.
Do not click on links or attachments if an email seems suspicious, especially if they tell you the problem is urgent. This is known as scareware and intended to make you react without thinking.
Do not give out personal information. Check a website's privacy policy before you give them your email address.
Create strong passwords. Make your password hard for others to guess by using a combination of letters, numbers and symbols that are meaningful only to you. Avoid using the same password for multiple websites, particularly financial websites, and be sure to change your password often (at least annually). See also "Create a strong password" below.
Account owners should also avoid using the same password for multiple sites and may want to consider using a password manager (software to securely hold multiple passwords) to securely manage passwords.
Never share your password with anyone.
Do not include personal or sensitive data in, or in response to, an email.
Monitor your account activity closely and watch for unusual activity.
Promptly review all transaction confirmations, account statements, and any email or paper correspondence sent by your plan.
When you finish your online and/or mobile banking sessions, be sure to log out. Simply closing the browser window does not equate to logging out. By clicking on the X to close the browser window your online session may still be open.
Shred documents containing personal information.
Protect your mail from theft. If you are planning to be away from home, call or go online to contact the U.S. Postal Service and request a vacation hold.
Be aware of your surroundings when making purchases or using the ATM. Thieves have been known to copy credit card information or take pictures of cards on their cell phones.

Practice safe web browsing

Only allow pop-ups from sites that you authorize.
Only make online purchases using secure sites that encrypt your information. Instead of following links, go directly to the store's Web site and navigate to find the special sale items. To help ensure that your information is protected when shopping or banking online, look for an unbroken key, or padlock at the bottom of your Web browser or within the address bar. When you are asked to provide payment information, the beginning of the Web site's URL address should change from http to https, indicating that the purchase is encrypted or secured.
Never access a website from a link in a suspicious email.
Access online financial sites by typing the address directly into the browser's address bar instead of clicking the link. It is recommended that once you've typed the address into your browser that you bookmark the site. By doing this you can reference the bookmark the next time you need to login to the site without retyping the address into your browser.
Think before you click. Be cautious about clicking on links, especially in emails, and be sure they link to a trusted website. Get in the habit of hovering over links to see the underlying Web address. If you're unsure about a link, you can go to the firm's website by typing the correct address in your Web browser.

When buying online, look for online merchants who are members of a seal-of-approval program that sets voluntary guidelines for privacy-related practices, such as TRUSTe, Verisign, or BBBonline.

Be extremely cautious when using public computers to access financial and other sensitive personal information online. If possible, instead use only known devices, such as your own personal computer which you know has the necessary protections and security features installed.
Do not save private information onto public computers. If you're accessing a private account at the library or another public place, be sure to sign out completely from your accounts and don't auto save sign-in information like your username or password.
Be wireless-wise. Don't use public Wi-Fi to access websites with sensitive information such as financial records, banking transactions, business-related documents, or other personal information. When setting up your home network, follow the manufacturer's security recommendations to be sure your wireless signal is properly encrypted.
Be cautious of clickable advertisements, pop-up windows, or fake dialogue boxes with urgent messages. These are often tactics that fraudsters use to try and access and steal your personal information.
Do not give out personal information to blogs, forums, and other social networking sites.
Beware phishing attempts and unsolicited requests; these don't just happen via email. They can also arrive via social media. Be suspicious of messages or promotions you did not sign up to receive.
Be careful about what you post personally and professionally - too much information can help scammers reach their goals.
Always make sure to log out of the website before you close the window. Online fraud can happen when you move from one website to another without logging out of the previous one. When you are logging into a secure website, do so in a new browser window.

Create a strong password

The strongest passwords are long and employ a mix of numbers, upper and lower case letters, and special characters. Passphrases are typically longer than passwords for added security, and contain multiple words that create a phrase.
Your password shouldn't contain any personal or easily attainable information, such as your name, your birthday, Social Security number, or wedding anniversary. In addition, don't use a component of your username in your password.
Make sure you use different and unique passwords for all of your online accounts. Reusing a single password for multiple websites is never a good idea. If a hacker obtains your password, the first thing he or she is going to do is check whether or not that password works for other websites. It's also a good idea to periodically change your passwords.
Do not give out your passwords to anyone, including family members.
Remembering a multitude of unique passwords is difficult, and writing them down on paper isn't secure. Consider installing a password manager. A password manager is a software application that helps a user store and organize passwords. The password manager stores the passwords encrypted, requiring the user to create a master password, a single, ideally very strong password which grants the user access to their entire password database.

Stay informed on the latest fraud threats

Phishing is a cyber-threat by which individuals send messages to lure personal information (credit card numbers, bank account information, Social Security numbers, passwords, or other sensitive information) from unsuspecting victims. Phishing may occur through fraudulent emails, fake websites, text messages, or direct phone calls claiming to be a financial institution, or another company you have a customer relationship with, asking you for your personal information.
SMiShing is the cell phone version of "Phishing". Using fake company e-mails, scammers send text messages that appear to be from well-known companies but contain links to counterfeit Web pages that have been made to look nearly identical to legitimate companies' sites. The text messages suggest that there is an urgent need for you to take action to update personal information to avoid an unwanted service charge or another potential threat to your account. The Web sites then ask you to enter financial and personal information - like user IDs, Social Security numbers, bank or credit card account numbers.
Malware, short for "malicious software," includes viruses and spyware. These are small software applications which can be installed on your computer, phone, or mobile device without your consent. Malware is used to steal your personal information, send spam, and commit fraud. Without your consent it can download itself during a transaction via your online session and attempt to steal your sensitive data.
Many legitimate charities use telemarketing, direct mail, e-mail, and online ads to ask for contributions. However, following major disasters, scammers send e-mail purporting to be from a charitable organization, urging consumers to follow a link and donate or even send cash. E-mail may also come from individuals claiming to be a victim asking for a donation.

Criminals are using new schemes that incorporate old techniques to try to trick people to provide personal information or account details. These social engineering attempts include use of sophisticated email and text messages appearing to be from legitimate sources and phone calls appearing to be from authentic individuals or service providers, etc. Carefully scrutinize any requests to divulge personal or account details. Understand your surroundings and be wary of those watching and listening. If you can't verify a request or confirm that it is authentic, take the utmost caution in releasing any information.

About Identity Theft

Identity theft involves the impersonation of an individual through the fraudulent use of his or her personal and account information - e.g., driver's license, Social Security number, bank account and other numbers, as well as usernames and passwords.

Identity thieves obtain information in a number of ways:

From the trash
By stealing mail, purses and other personal items
By copying credit card or other information during a transaction
Through phishing attacks
By submitting false address changes

Avoid being a victim of a social engineer or scam artist by being an educated and aware online consumer. Learn more by visiting OnGuard Online, a service of the U.S. Federal Trade Commission and other federal agencies. OnGuard Online provides information about avoiding scams, understanding mobile apps and Wi-Fi networks, securing your home computer, and protecting family members.

If you are a victim of an Internet crime, report it to IC3, a service of the U.S. Federal Bureau of Investigation and the National White Collar Crime Center. You should also report attempted identity theft to the local authorities as well as to the Federal Trade Commission's Complaint Assistant Application.

Identity theft prevention & protecting your personal information

While there is no way to completely eliminate the risks of fraud or identity theft, there are things that you can do to help protect yourself and minimize the risk.

Protect your Social Security number. Remove your Social Security number printed on anything - such as checks. Keep your Social Security card not in your wallet, but in a secure place within your home.
Don't give out personal information to unknown callers. If an unknown caller asks for your personal or financial information, tell them you will call them back to confirm the inquiry, and then either verify that the company is legitimate, or if it's a bank or credit card company, call them back using a number from your bill or your card.
Regularly review bills and account statements. Make sure you recognize and authorized all charges, checks, and/or withdrawals. If a regular bill doesn't arrive, call the company to find out why - it could mean that a thief has redirected your mail to another address.
Protect important documents at home. Keep your personal information and important documents in a secure place in your home, like a locked file cabinet or a safe.
Shred documents containing personal information. Once you've paid your bills and reconciled your accounts, shred old account statements, bills, receipts, pre-approved credit offers, and other documents that contain personal information before you throw them away.
Protect your mail from theft. Don't leave outgoing mail (like bill payments) in an unsecured mailbox. Use a locking mailbox or take it to a post box or your local post office. If you are planning to be away from home, call or go online to contact the U.S. Postal Service and request a vacation hold.
Streamline your wallet. Carry only the credit and/or debit cards, checks and/or cash that you need for the day.
Be aware of your surroundings. Be conscious of people standing nearby when you are making purchases or using an ATM. Thieves have been known to copy credit card information or take pictures of cards with the camera of their mobile phone.
Check your credit report regularly (at least once each year). Make sure the information about you is accurate and that it includes only those accounts and activities you've authorized.

Safeguarding your information and online transactions strong technologies and technical controls

We use the following methods to help keep your online transactions and personal information safe and secure.

Username and password requirements

To help prevent unauthorized access, we prompt you to create a unique username and password when you first access your account. A password is a string of characters used to access information or a computer. Passwords help prevent unauthorized people from accessing files, programs, and other resources. When you create a password you should make it strong, which means it should be difficult to guess or crack. See below for hints in creating a password that would be difficult to crack.

A Strong Password

Minimum of eight characters long
Includes numbers, symbols, upper-case and lower-case letters
Does not contain your username, real name or company name
Does not contain a dictionary word
Is significantly different from the previous passwords

Image verification during login

Before you enter your online password, we ask that you verify your personalized security image. This image would be one that you selected during the creation of your web account. Once the image you have selected is displayed, you can be confident that you are accessing our website, as opposed to a fake site that may be attempting to "phish" for your personal information. If you ever log in and do not see the image you've selected or the image is incorrect, STOP, do not input your password. Please immediately report this to your plan's customer service team.

Note that for some sites where there exists a partner relationship, some users may seamlessly sign into their financial institution's website without seeing a security image. This occurs because of an industry standard technology called federated authentication which exists between your financial institution and us. When you securely log into your financial institution's site and wish to then view your 529 plan account, you will seamlessly and securely be transitioned to the Plan’s website. Users should familiarize themselves with their financial institution's security and login process to be more able to effectively identify when the process behaves differently than expected.

Security Questions

If you forget your password, answering the security questions you selected when creating your account will allow you to reset your password online. The security questions are designed to be personal to you. The answers should also be easy for you to remember but hard for others to guess. We highly recommend that you do not use questions that may be answered by someone viewing your social media profiles or other information that may be publically available.

Customer verification

Whether you visit us online, or by phone, we always verify your identity before granting access to your accounts.

Strong encryption

Transport Layer Security (TLS) technology is used to establish an encrypted connection between your browser and our Web applications. TLS websites start with "https://" instead of "http://" and signify that you are in a secure online session with us. For your protection, we require a modern version of TLS and industry standard encryption strength - these are supported by current versions of all modern browsers.

Systems surveillance

We're on the lookout for suspicious irregularities across our network and infrastructure every day, all day.

Firewalls

Firewalls are protective barriers that defend our networks and computer systems from hackers and cyber- attackers trying to gain access into our systems. We use some of the strongest firewalls available in the industry to guard the information housed in our servers.

Logging

System activity is logged in order to preserve the information necessary to validate the transmission of data or the completion of a transaction.

Fraud detection

We monitor transactions for suspicious and unusual behavior to help verify that they are authentic and legitimate.

Restricted access to data

We limit access to systems containing customer data to only those employees who need it to conduct business or support key business functions. Access is continually monitored and only granted to new associates as their role may require.

Employee education

We make sure that our employees know and adhere to our security policies. We require all associates to participate in ongoing security training, including how to handle sensitive data and to be aware of security risks.

Regularly refine and update security features

We review industry security standards and perform system testing on an ongoing basis to help identify and implement the most up-to-date techniques and technologies, and verify that our systems are performing as expected.

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FREQUENTLY ASKED QUESTIONS

Security Overview

OUR SECURITY PROMISE:

Safeguarding your own information: Account owner security checklist

Protect your account

Protect your computers, cell phone and other mobile devices

Keep your information secure

Practice safe web browsing

Create a strong password

Stay informed on the latest fraud threats

About Identity Theft

Identity theft prevention & protecting your personal information

Safeguarding your information and online transactions strong technologies and technical controls

Username and password requirements

Image verification during login

Security Questions

Customer verification

Strong encryption

Systems surveillance