Enrolling in a Plan
Enrollment is usually rather painless. You can call the transfer agent and ask for an enrollment package. You’ll get a set of enrollment plans that you must complete and return with your check.
If you want to set up the account with more than one owner, such as a husband and wife or parent and children, all who will be owners of the account must sign the forms.
Most plans have a one-time enrollment fee, so you’ll need to send a check for that amount plus the amount of your first purchase. The initial purchase may be higher than subsequent purchases. For example, Colgate-Palmolive requires new shareholders to make an initial investment of $500 in its DSP plan, while existing shareholders can make purchases for as little ...