NextGen Fee Rebate Program

 

 

How it Works: If either the NextGen account owner or the NextGen account beneficiary is a Maine resident, an amount equal to approximately the annual Maine Administration Fee (15 basis points or 0.15 of one percent of the net asset value of the account) paid during 2009 will be automatically rebated back to the NextGen account in January of 2010. Only accounts with an account value of $1,000 or more at the end of the previous calendar year are eligible to receive a fee rebate or waiver.
 
Result: An account with a $1,000 asset value throughout the calendar year could receive a fee rebate of $1.50.