![]() This communication was written to support the promotion or marketing of the transaction(s) or matter(s) addressed. tax matters was not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Any statement contained in this communication (or elsewhere on this web site) concerning U.S. Individuals should not use or rely upon the information provided herein without first consulting with their tax or legal professional about their particular circumstances. MFS does not provide legal, tax, or accounting advice. For a prospectus or summary prospectus containing this and other information, as well as a Participant Agreement and Disclosure Statement including an Expense Overview, contact your investment professional or view online at mfs.com. You should consider your financial needs, goals, and risk tolerance prior to investing.īefore investing in the MFS ® 529 Savings Plan, consider the investment objectives, risks, charges, and expenses. Investments in 529 plans involve investment risks. There is a $25 annual account fee associated with the MFS 529 Savings Plan. This fee is waived for accounts of Oregon residents and to the extent approved by the Board, subaccounts of Omnibus Accounts. ![]() Withdrawals of earnings not used to pay for qualified higher education expenses are subject to an additional 10% federal tax penalty. ![]() See your tax advisor to be sure you understand the tax issues related to a 529 plan. State tax treatment may differ from the federal tax treatment. State benefits may include financial aid, scholarship funds and protection from creditors. MFS 529 Savings Plan accounts are considered municipal fund securities.ĭepending on your state of residence and the state of residence of the beneficiary, an investment in the MFS 529 Savings Plan may not afford you or your beneficiary state tax benefits or other benefits only available for investments in such state's qualified tuition program. Sumday Administration LLC ® is the Program Manager and recordkeeper of the plan while MFS Investment Management acts as the investment manager and MFS Fund Distributors, Inc., is the distributor. The MFS 529 Savings Plan is a flexible education savings investing plan sponsored by the State of Oregon, acting by and through the Oregon 529 Savings Board and is part of the Oregon 529 Treasury Savings Network.
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