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CollegeBoundfund
 Here
at
MSSI, we know that saving for higher education can be a daunting
task. Today's average cost for a four-year education at a state college
is about $50,000 and exceeds $100,000 for a private university. These
costs are expected to more than double over the next 20 years. The challenge
to save for these costs can be overwhelming, requiring a lot of careful
planning and a high level of commitment.
As parents
or grandparents, you want to be able to provide the benefit of higher
education for your family. You may even be saving to continue your own
higher education.
 To
help you plan and provide for these needs, Rotator Services, Inc. has
teamed with Alliance
Capital to offer our employees a flexible, tax-advantaged 529
college savings program to help you manage the future.
The CollegeBoundfund
offers the following:
- Tax-free
earnings growth: There is no federal income tax due on any earnings
while they are in the fund.
- Tax-free
distributions: Distributions for qualified education expenses made
after December 31, 2001 are free of federal income tax. (1)
- Any
institution in the US: Your fund assets can be used at any accredited
institution of higher learning in the US, as well as many foreign
institutions.
- No income
limits: There are no income limits restricting who is elligible to
participate.
- Investment
choice: You may choose from five investment options managed by Alliance
Capital, one of the world's leading investment managers.
- High
contribution limit: You can contribute to your fund account until
the total account value equals $246,000 (contributions and earnings).
For most
families, the key to funding higher education is to start saving early
and to save regularly. With the our Employee Payroll Direct Deposit Program
you can begin consistently saving for your children's education. A small
initial investment can get you started and weekly contributions of at
least $10 into your account can make it even easier to maintain a regular
investment program. You may also make additional contributions to your
account at any time.
For more
information, please visit the CollegeBoundfund
web site.
MSSI
employees
who wish to enroll will need the Enrollment Instruction Sheet found in
the Employee Kit that was mailed to you for your Company UserID and Password.
If you have
your password, go to CollegeBoundfundSM
enrollment.
Need an Enrollment
Instruction Sheet? Please contact
Fran
at
MSSI
and an Enrollment Kit will be mailed to you.
NOTES
- Under
a "sunset provision", these changes are scheduled to expire
on December 31, 2010 in the absence of re-enactment. As with all tax
related decisions you should consult with your tax advisor.
INVESTMENT
PRODUCTS OFFERED Are Not FDIC Insured - May Lose Value - Are Not Bank
Guaranteed
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