New Hampshire’s 529 Plan evolution began in the
summer of 1996 with a Legislative study committee
recommending State sponsorship of a savings plan rather
than a prepaid tuition plan. Legislation was passed
in the 1997 legislative session which established a
framework for the 529 Plans.
Following an exhaustive Request For Proposal process,
was awarded a 15-year contract,with optional renewal periods,
for investment management and administrative support.
The UNIQUE Program was launched in 1998 as one of the
first-in-the-nation college savings plans in the marketplace.
In July, 2001, New Hampshire launched its second plan,
the FA 529 Plan, which is only available through financial advisors.
Besides the federal tax incentives and other benefits of
participation in 529 College Savings Plans, discussed under
What Are College Savings Plans
the UNIQUE Plan offers other advantages:
Low Start-up Cost – A $50 initial investment is all
that is required to open an account ($15 per month if
contributions will be made through an automatic payment plan).
No Annual Fee.
Flexible Investment Options. The New Hampshire 529 Plans offer
a large variety of aged-based portfolios and static portfolios,
both actively-managed and index portfolios. Participants can
change the allocation of future contributions at any time
and can change existing investments annually.
State Tax Exemption – Investment earnings are exempt from
New Hampshire’s Dividend and Interest tax regardless of
the participant’s state of residency.
High Contribution Limit – Contributions can be made to
accounts until a maximum market value of $350,000 is reached.
This maximum amount is reviewed annually, as of December 31,
and is applicable throughout the following year.
Rewards Card – An AMEX rewards card offers a 2.0% rebate
on eligible purchases to the UNIQUE account with no annual limits.
Several cards can link to a single account or a single card
can be allocated among several accounts.
For additional information please reference the Enrollment
and Fact Kit available by navigating to page 17
using the page toolbar at
All plan assets are held in trust with the New Hampshire State Treasurer
as the Trustee. State oversight of the New Hampshire Plans is provided
by the 13-member
New Hampshire College Tuition Savings Plan Advisory
responsible for the proper administration and management of the 529 Plans.
The New Hampshire Higher Education Savings Plan Trust (the Trust)
has been established as the legal vehicle to enable the New Hampshire
College Savings Plan (the Plan) to carry out and promote the
State's purposes of the Plan, pursuant to RSA 195-H:4 and as
determined, selected and approved by the Advisory Commission.
The New Hampshire State Treasurer (the Treasurer),
in the role of Trustee and with the advice and
consent of the Advisory Commission, has all
powers necessary and convenient to carry out
the responsibilities and purpose of the Trust,
including those of a fiduciary and as a Shareholder
of the underlying investments utilized by the Plan
for portfolios offered through the Plan.
As fiduciaries, the Treasurer, as Trustee, and the
Advisory Commission members are legally and ethically
bound to always advocate for and act in the best
interests of Plan stakeholders, primarily
the Plan Participants.
Guidelines for Shareholder Proxy Voting
have been established by the Advisory Commission for
use by the Treasurer, as Trustee and Shareholder,
in proxy voting.
A UNIQUE College Savings Plan account can be opened
directly with Fidelity Investments either online
or by downloading and filling out a paper application.
Please click on the following Fidelity links to open an account.