Nebraska Administrative Code
Topic - TREASURER, STATE
Title 429 - NEBRASKA EDUCATIONAL SAVINGS PLAN TRUST
Chapter 1 - RULES AND REGULATIONS FOR THE NEBRASKA EDUCATIONAL SAVINGS PLAN TRUST
Section 429-1-010 - Administrative Fees and Reporting
Universal Citation: 429 NE Admin Rules and Regs ch 1 ยง 010
Current through September 17, 2024
010.1 Transfers to Administrative Fund To the extent allowed by law, earnings of the Trust may be utilized by the Trustee to pay the actual and reasonable costs of administering, operating, and maintaining the Trust. The assets of the Trust shall not be transferred or used by the State of Nebraska for purposes other than the purposes of the Trust.
010.2 Quarterly Statement At the close of each calendar quarter, the Trustee shall provide each Participant a statement listing the beginning balance, Contributions, withdrawals, and closing balance of the Participant's Account.
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