Solution for State-Sponsored Savings Plans

We understand and adapt to the needs of states as they help individuals save for college, disability-related expenses and retirement.

As the investments company for the world, BNY Mellon believes in making a difference by improving lives through investing. We pride ourselves on our commitment to the public sector. Through Sumday®, we offer a unique end-to-end plan management solution that helps states administer and grow their 529 college savings, 529A ABLE and other public-sponsored savings plans.

Through our innovative digital user interface and time-tested capabilities across custody, record-keeping and other bedrock systems and service support, we offer a complete solution that’s ready to implement.

Program will administer college savings accounts for over 100,000 college-bound Oregonians.

Why Sumday?

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Sumday’s innovative digital interface encourages people to build their savings. The participant experience includes user-friendly features such as personalized gifting pages, a linked prepaid card that is built with ABLE plan participants in mind, goal-setting tools and more.

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We bring together the complex suite of capabilities that enables seamless delivery for you and plan participants. Unique to the industry, our end-to-end solution—including the intuitive digital interface, custodial services, record-keeping and more—is completely owned and operated by BNY Mellon and its subsidiaries.

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BNY Mellon meets the industry’s highest standards of capital oversight and is a proven partner to government clients globally. Sumday acts as plan manager for several 529 plans in Oregon, Washington, Maryland and more.

Spotlight Video




New Opportunities to Deliver Digital Wealth Advice

BNY Mellon's Doug Magnolia shares his insights on how to interact with financial advisors in a 24x7 mobile world when there’s no one-size-fits-all.


Industry Recognition

BNY Mellon Sumday®, a program management solution for state-sponsored savings plans, has been awarded “Best New Product Overall” in Fund Intelligence’s 2017 Mutual Fund Service & Technology Awards.

The Mutual Fund Service and Technology Awards recognize the achievements of U.S. mutual fund providers including administrators, custodians, legal specialists, accounting groups and technology providers. Its best product awards draw fierce competition across the industry.

Sumday helps states administer and grow their 529 college savings, 529A ABLE and other public-sponsored savings plans. It delivers an end-to-end solution for individual end-users, investment advisors, and plan sponsors.

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