Employer-sponsored CollegeAmerica® 529
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Open
Set up an employer-sponsored CollegeAmerica plan
Employer form
Use this form to set up an employer-sponsored CollegeAmerica plan.
Complete the CollegeAmerica Employer Authorization form.
Employee forms
Use this application to open the employee accounts.
If the employer has established a payroll deduction plan, employees will also complete the CollegeAmerica Payroll Deduction Election form and return it to their employer.
Complete the Employer-Sponsored CollegeAmerica Account Application.
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For answers to common questions,visit Opening employer-sponsored CollegeAmerica accounts.
Enrollment meeting and materials
CollegeAmerica presentation
Use this presentation to show employees the benefits of participating in the plan.
Access the Unlock a world of possibilities presentation.
CollegeAmerica client conversation kit
Use this kit to help employees enroll in the new plan.
Get the CollegeAmerica client conversation kit — employer sponsored plan application.
Enrollment meetings
Follow these steps:
- Schedule the meeting
- Provide employees with applications, prospectuses and payroll deduction forms (if applicable)
- Return the completed applications
For an easy, step-by-step guide to setting up an employer-sponsored CollegeAmerica plan, visit
Set up an employer-sponsored CollegeAmerica plan.Transfers and rollovers
Use this form, along with an application, to request a transfer or rollover into an employer-sponsored CollegeAmerica account. Contact the resigning institution for their requirements to transfer the assets to Capital Group.
Complete the CollegeAmerica Rollover/Transfer Request.
For answers to common questions, visit Employer-sponsored CollegeAmerica incoming rollovers.
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Update
Update participant’s name
Complete this form and submit it with supporting documentation. Refer to the form for requirements.
Complete the Name Change Request.
Update participant’s address
Update the address via the participant’s online account. Use the options on the right side of the page.
Note: There is a 10-calendar-day wait to process a distribution to the new address unless the distribution request is submitted in writing with a signature guarantee.
Log in to Client Accounts.
Update participant’s contact information
A participant’s email address and/or phone number can be updated on DST Vision® or by contacting us.
Log in to DST Vision.
If the participant has experienced a major life event, visit Life events for checklists to assist with account updates they may need to consider.
Add/update participant’s bank accounts
Link a bank account for contributions
Link a bank account for distributions
Use this form.
Note: Unless the form is signature guaranteed, there is a 10-calendar-day wait to process a distribution to the new bank account.
Complete the Add/Update Bank Information form.
For answers to common questions, visit Managing client banking information.
Update customer profiles
Update the owner
Changing ownership requires the signature of both the new owner and the resigning owner. The resigning owner must obtain a signature guarantee. If the resigning owner is deceased, contact us.
Update the beneficiary
If the participant wants to both change a beneficiary and process a distribution to the new beneficiary, use this form and the CollegeAmerica Distribution Request. Submit the two forms together to expedite the request.
Complete the CollegeAmerica Account Change Request.
Add/update a successor owner
Use this form.
Alternatively, the participant may be able to make the change by logging in to their account on the investor website.
Complete the CollegeAmerica Account Change Request.
For answers to common questions, visit Managing employer-sponsored CollegeAmerica accounts.
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Transact
Contributions
Make a one-time contribution online
Access the participant’s account online and select Buy. Be sure to have the participant’s bank information on hand if it’s not already on file.
Log in to Client Accounts.
Set up automatic investments
Access the participant’s account online and select Automatic Transactions to add or update an automatic investment plan.
Log in to Client Accounts.
Establish payroll deductions
Participants need to complete this form and return it to their employer.
Complete the CollegeAmerica Payroll Deduction Election form.
For answers to common questions, visit Employer-sponsored CollegeAmerica contributions.
Distributions
Distribute funds to the participant
Funds can be sent via check or Automated Clearing House (ACH) if the participant’s bank information is already linked. The distribution will be reported under the participant’s Social Security number (SSN). Access the participant’s account online and select Sell.
Log in to Client Accounts.
Distribute funds to the beneficiary
Funds can be sent via ACH if the beneficiary’s bank information is already linked and the distribution is for $25,000 or less. The distribution will be reported under the beneficiary’s SSN. Access the employee’s account online and select Sell.
Log in to Client Accounts.
Distribute funds to the school
Funds can be sent via check to an eligible educational institution. You’ll need the institution’s name and billing address and the beneficiary’s student ID number. The distribution will be reported under the beneficiary’s SSN. Access the participant’s account online and select Sell.
Log in to Client Accounts.
For answers to common questions, visit Employer-sponsored CollegeAmerica distributions.
Exchanges and rebalances
Complete a one-time exchange or rebalance
Exchanges and rebalances are considered strategy changes, and 2 strategy changes can be completed per owner/beneficiary combination per year. Access the participant’s account online and select the appropriate option: Exchange or Rebalance.
Set up an automatic exchange or rebalance plan
Adding or updating an automatic exchange or rebalance plan is considered a strategy change, and 2 strategy changes can be completed per owner/beneficiary combination per year. Access the participant’s account online and select Automatic Transactions.
Log in to Client Accounts.
For answers to common questions, visit Employer-sponsored CollegeAmerica exchanges and rebalances.
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Contact us
Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.
For financial professionals only. Not for use with the public.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.
Financial professionals should always contact their back office to determine if there are any restrictions on the use of American Funds products, tools, services, websites and literature.
CollegeAmerica is 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, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state’s 529 plan, investors should consult a tax advisor.