![]() ![]() ![]() It adds that the cash portion of its reserves is held at Silvergate Bank, State Street Bank, or Signature Bank. Federal Deposit Insurance Corporation (FDIC)-insured banks. Under this, it claims that each GUSD corresponds to one USD held as deposits in U.S. “Texas College Savings Plan” is a registered service mark of the Texas Prepaid Higher Education Tuition Board and distributed by Northern Lights Distributors, LLC, Member FINRA, SIPC, 4221 N 203rd St, Suite 100, Elkhorn NE 68022. Gemini still has a portion titled FDIC Insurance on its website. © 2023 Texas Prepaid Higher Education Tuition Board. Investors should read the Plan Description and Savings Trust Agreement, and all other Plan documents carefully before investing.Ĭomments or complaints may be submitted by mail to: Prepaid Higher Education Tuition Program, Office of the Comptroller of Public Accounts, P.O. The Plan Description and Savings Trust Agreement contain this and other important information about the Plan and may be obtained by visiting or calling 800-445-GRAD (4723), option 3. The Board may suspend, modify, or terminate the Plan or change investment approaches, offerings, and/or underlying investment funds at any time and without the consent of account owners or beneficiaries. Investors should carefully consider the investment objectives, risks, fees, charges, and expenses associated with municipal fund securities. Interests in the Plan have not been registered with or approved by the SEC or any state. No part of an account is a deposit or obligation of, or is guaranteed or insured by, the Board, the state of Texas, or any agency or agent thereof. Fees are subject to change.Īn account could lose money including the principal invested. Non-residents of Texas should consider whether their home state, or the beneficiary’s home state, offers its residents any tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for participants in that state’s plan.Įstimated total asset-based fees are available on the Allocation Worksheet and are published in the Plan Description and Savings Trust Agreement, which is reviewed annually. The Plan and the Board do not provide legal, financial, or tax advice and you should consult a legal, financial, or tax advisor before participating. (“Orion”) is the manager for the Plan, which is distributed by Northern Lights Distributors, LLC and maintained by Gemini Fund Services, LLC, neither of which are affiliated with Orion. The Texas College Savings Plan® (“Plan”) is administered by the Texas Prepaid Higher Education Tuition Board (“Board”). ![]()
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