Beginning this fall, in addition to the investment options offered by the MFESP
program manager, College Savings Bank, the MFESP will offer new investment options
comprised of investments from Vanguard.
These new investment options will be offered directly to investors. This means that you
will not need to work with an investment professional to maintain your account,
including selecting new investment options, making additional contributions, taking
withdrawals and opening additional accounts. However, we always encourage you to consult with your financial advisor to discuss your options.
The new investments include:
As part of these exciting changes to the MFESP this fall, account information and
assets within the following Pacific Life Funds' investment options will be
automatically transferred to the new investment options. The new MFESP portfolios have
risk profiles, asset allocations, and investment styles that are similar to - but are
not the same as - the existing investments.
We will continue to offer the CollegeSure® CD, InvestorSure® CD and Fixed Rate CDs
through College Savings Bank.
Additional Information Topics
Important Changes to the Montana 529 Plan
Customer Communications
Contact Information for Account Holders and Brokers
MFESP Enrollment
Additional Resources
Important Changes to the Montana 529 Plan
The Montana Board of Regents, as Trustee for the MFESP has determined how assets
currently held in Pacific Life Funds investments will be transferred to the new
investments offered by The Vanguard Group.
The investment mapping is as follows:
| CURRENT MFESP INVESTMENT OPTION |
|
NEW MFESP INVESTMENT OPTION |
| PL Portfolio Optimization Aggressive Fund |
 |
Vanguard Life Strategy (LS) Growth Portfolio |
| PL Portfolio Optimization Moderate Aggressive Fund |
|
Blend of Vanguard Life Strategy (LS) Moderate Growth and Vanguard Life
Strategy (LS) Growth Portfolio |
| PL Portfolio Optimization Moderate Fund |
|
Vanguard Life Strategy (LS) Moderate Growth Portfolio |
| PL Portfolio Optimization Moderate- Conservative Fund |
|
Vanguard Life Strategy (LS) Conservative Growth Portfolio |
| PL Portfolio Optimization Conservative Fund |
|
CSB Savings Account |
| PL Money Market Fund |
|
CSB Savings Account |
Recent Customer Communications
August 20, 2010- The Montana Family Education Savings Program Letter to College Savings Bank Savings Account Holders Formerly with Pacific Life Funds
August 1, 2010- The Montana Board of Regents, as Trustee for the MFESP
has selected investments from The Vanguard Group to replace those investments
previously offered by Pacific Life Funds
January 29, 2010- The MFESP announces the departure of Pacific Life
Funds from the Montana Family Education Savings Program
Contact Information for Account Holders and Brokers
College Savings Bank Account Holders- Click here to
contact College Savings Bank.
Pacific Life Funds Account Holders-
Click here to access your Pacific Life Funds account.
Financial Advisers please contact Jason Thielman at 406-431-8236
or
via email at Jason.thielman@collegesavings.com
New Account Enrollment for Montana Residents
You may still enroll in the MFESP through either Pacific Life Funds or College
Savings Bank.
Click here to enroll in an MFESP product through College
Savings Bank
Click here to open a Pacific Life Funds account within the
MFESP
Additional Benefits
With the new Investment Plan available for MFESP customers, the Upromise program with cash incentives can earn you money for college
with every eligible purchase from a participating vendor. Check back soon for more information!