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Program Changes

Sumday Administration, LLC (“Sumday”), an affiliate of The Bank of New York Mellon, became the new program manager for NextGen 529 on September 13, 2021. Additionally, The Bank of New York Mellon (“BNYM”) now serves as the program custodian. BlackRock Advisors, LLC serves as the investment manager, and BlackRock Investments, LLC serves as the program distributor.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill”), a registered broker-dealer, continues to offer and provide services for the Client Direct Series, as the recordkeeping agent for that series. Merrill also offers and provides services for those Client Select Series accounts for which a Merrill advisor is the broker of record.

The Client Select Series continues to be available through authorized broker dealers that have entered into a selling agreement with the new program distributor. Servicing of Client Select Series accounts for which an authorized broker, other than Merrill, serves as the broker of record has transferred to BNYM. These communications will include the Sumday logo.

 

Have questions? Contact customer service.

Learn more about managing your account online.

Please review the Program Descriptions linked below for more information about NextGen 529.

Client Direct Program DescriptionClient Select Program Description

How are you affected by this change?

If you are a Direct customer (you opened your account with Merrill directly), there are no changes to your NextGen 529 account. Learn more>>+
  • Your account number remains the same.
  • Your account assets remain invested in the NextGen 529 Investment Portfolio(s) that you have selected.
  • You will continue to receive notices and communications regarding your account from Merrill.
  • You can continue to access your account and any account maintenance transactions or updates to your account through merrilledge.com.
If you are a Select, Non-Merrill customer (your account is serviced by a non-Merrill Maine Distribution Agent financial advisor). Servicing of your account was transferred to BNYM on September 13, 2021. Learn more.>>+
  • You have been assigned a new NextGen 529 account number
  • You will receive notices and communications regarding your account from BNYM on behalf of Sumday
  • Your online access to your account and any maintenance transactions and updates to your account will be completed through BNYM on behalf of Sumday
  • Your account assets remain invested in the NextGen 529 Investment Portfolios that you have selected
  • Your financial professional continues to service your account.
If you are a Select-Merrill customer, (your account is serviced by a Merrill financial advisor). There are no changes to your NextGen 529 account. Learn more.>>+
  • Your Merrill financial advisor continues to provide you with account services.
  • Your account number remains the same.
  • Your account assets remain invested in the NextGen 529 Investment Portfolio(s) that you have selected.
  • You will continue to receive notices and communications regarding your account from Merrill.
  • You will continue to work with your Merrill financial advisor for any account maintenance transactions or updates to your account.
  • You will continue to access your account online as you do today.

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