Direct Account Forms

Here are the forms you’ll need to manage your NextGen 529 Direct Account.

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Account Information Change

Change an address, telephone number, or email address, or provide notice of a legal name change.

Get the Account Information Change Form

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Automated Funding Service Enrollment

Enroll in NextGen 529’s Automated Funding Service (AFS) or change or terminate the AFS amount for your existing NextGen 529 account.

Get the AFS Enrollment Form

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Payroll Deduction Allocation

Start new payroll deduction instructions to change current payroll deduction allocations on existing NextGen 529 accounts. Send the completed form to the Merrill address on the form. Once the form is processed by Merrill, they’ll send you an Authorization for Payroll Deduction Form to give your employer.

Get the Payroll Deduction Allocation Form

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Incoming Rollover

Roll over all or part of the assets from another state’s Section 529 plan or a Coverdell Education Savings Account into your NextGen 529 account, or transfer the assets in qualifying Series EE or I U.S. savings bonds to a NextGen 529 account.

Get the Incoming Rollover Form

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Investment Change

Make an investment change to your account. This form contains instructions regarding both current and future contributions, as well as restrictions that may apply to investment changes. You can change existing NextGen 529 assets to a new investment option twice per calendar year or when you change the beneficiary on your account. You can change how future contributions are invested at any time.

Get the Investment Change Form

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Change of Participant (account owner)

Transfer your NextGen 529 account to a new account owner. The new account owner must first open a NextGen 529 account before submitting the Change of Participant Form.

Get the Change of Participant Form

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Change of Designated Beneficiary

Change the current beneficiary (student) on your NextGen 529 account to a new beneficiary.

Get the Change of Designated Beneficiary Form

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Withdrawal Request

Request a withdrawal from your NextGen 529 account. If you want funds to be paid to more than one payee, please complete a separate form for each payee.

You can also request a withdrawal from your Direct Account over the phone. Be sure to have your NextGen 529 account number, the withdrawal amount you are requesting, payee information, and know the portfolios you would like to use. Have a question? Call 1-877-463-9843 to speak to a NextGen 529 representative.

Get the Withdrawal Request Form

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Trusted Contact Person

Designate a trusted contact person (age 18 or older) whom Merrill may contact about your account.

Get the Trusted Contact Person Form

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Successor Participant (account owner) Change

Change or add a Successor Participant to your 529 Account. This person will become the account owner of the 529 Account in the event of your death or mental incapacity.

Get the Successor Participant Change Form

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NextGen 529 Entity Booklet

This booklet must be completed by Entity Participants establishing a NextGen 529 account. It must be submitted with the appropriate completed NextGen 529 Direct Account Application.

Get the NextGen 529 Entity Booklet

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Series Change Form

Complete this form to transfer assets between a Select Account and Direct Account within NextGen 529.

Get the Series Change Form