The South Dakota CollegeAccess 529 Plan is a program managed by Allianz Global Investors Distributors LLC — that offers investors in all 50 states a tax-advantaged way to save for college.  There are many benefits to this 529 plan. Earnings grow tax-deferre, withdrawals used for qualified higher education expenses are free from federal income tax, the plan can be used at any accredited college in any state, you have control of the money, you can change the beneficiary, the plan utilizes mutual funds from several leading fund families, there is no income or age restriction, a high balance limit and low initial investment.