Announcements

July 10, 2023

Update to 529 and ABLEAmerica statements — distribution information

If you have a CollegeAmerica® or ABLEAmerica® savings plan, you may notice changes in how distribution information is displayed on your statements and online. Previously, distributions were broken down to indicate which portion represented the basis (contributions to the account) and which portion represented earnings. Going forward, this breakdown will not be included, making your statements and online transaction history shorter and easier to read.

If you need the basis/earnings breakdown for a distribution, it will still be provided with any distribution checks. A yearly total can also be located on your 1099-Q (for CollegeAmerica) or 1099-QA (for ABLEAmerica) tax forms. Tax forms for CollegeAmerica accounts are available by logging in to your account. Contact us for ABLEAmerica tax forms.

CollegeAmerica and ABLEAmerica are nationwide plans sponsored by Virginia 5 2 9.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. Similar information is contained in the CollegeAmerica Program Description and ABLEAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica and ABLEAmerica are distributed by Capital Client Group, Inc., and sold through unaffiliated intermediaries.
Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits not available through CollegeAmerica (such as financial aid, scholarship funds and protection from creditors) or ABLEAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica and ABLEAmerica are nationwide plans sponsored by Commonwealth Savers.
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This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.