Your pledge is not an obligation to pay. If and when the parent/guardian opens the plan you will then be given the opportunity to fulfill your pledge by making a contribution directly into the child's savings plan, but again, are not obligated to do so. You will not have control over how your contributions are invested in the plan and only the Plan Owner may direct transfers, rollovers, investment changes, withdrawals and changes in the Designated Beneficiary. The parent/guardian will be informed that you have made this pledge.