Question

who maintains control over the 529 plan?

a. the college or university

b. the account holder

c. the bank

d. the financial adviser

Explanation:

A 529 plan is a tax - advantaged savings plan for education. The account holder (the person who opens the 529 plan account) has control over the 529 plan. Colleges/universities don't control 529 plans, banks are typically just custodians (not in control), and financial advisers may assist but don't have control.

Answer:

B. The account holder