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PACT Administration The PACT Program is administered by the Office of State Treasurer Kay Ivey. A ten-member Board of Directors oversees the PACT Trust Fund and approves changes to the PACT rules. There are six merit system employees who handle the day-to-day activities of the Program. In addition to the PACT Program, the College Savings Programs Division of the Treasurer’s office handles the Alabama Higher Education 529 Fund. This program is administered by Van Kampen Asset Management Inc. These are complimentary programs and both are offered to assist you in your effort to plan and save for higher educational expenses. PACT records administration is contracted with HDI Solutions, Inc., a company based in Auburn, Alabama. The records administrator is responsible for maintaining customer accounts through state of the art computer software and hardware. Other services are provided through various professionals who specialize in areas such as investment consulting and management, trust fund custody, payment processing, actuarial and auditing services. Most administrative expenses are paid with fees assessed – such as the application and account maintenance fees. A list of administrative fees is available in the disclosure document. There is no state money expended in the administration of the Program. The College Savings Programs Board of Directors Kay Ivey, (Chairman), State Treasurer Ricky Jones, (Vice-Chairman), Vice President, Andalusia Distributing Company Lt. Gov. Lucy Baxley, Alabama Lieutenant Governor Bill Drinkard, Drinkard Development, Inc. Willie Huff, Chairman, ABI Capital Management Dr. Roy Johnson, Chancellor, Alabama Postsecondary Education Dr. Mike Malone, Director, Alabama Commission on Higher Education Dr. Harold McGee, Former President, Jacksonville State University Sarah Moore, Executive Vice President, Colonial Bank Ed Sherling, President, Ed Sherling Ford The College Savings Programs Staff Brenda Emfinger, Director 334-242-7515 Roman McLeod, College Savings Program Coordinator 334-242-7547 Pam Stevenson, PACT Coordinator 334-242-7518 Lilly Dowling, Chief Accountant 334-242-7517 Jane Weldon, Chief Clerk 334-242-7519 Mary Glover, Clerk 334-242-7519 The PACT staff takes great pride in serving the public and works hard to provide exceptional customer service. All questions are important and during normal business hours, someone is available to take your call. Once you have a PACT account, you can access your information on-line through a link at www.treasury.state.al.us; information available includes payment information, next payment due date, a contract payoff amount, and information concerning payments to colleges/universities. We are always glad to talk to you and if you have concerns or questions not answered on this site, please give us a call! College Savings Programs Main Number: 1-800-252-7228 or 334-242-7514 Records Administrator – 1-866-898-0941 Records Fax: 1-800-830-7390 Van Kampen – Alabama Higher Education 529 Fund – 1-866-529-2228 Payment Address: PACT P.O. Box 217 Birmingham, AL 35201-0217 Correspondence: PACT P.O. Box 12865 Birmingham, AL 35202-2865 HDI Solutions, Inc. P.O. Box 1150 Auburn, AL 36831-1150 |
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