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Rhode Island 529 renews contract with AllianceBernstein

(June 3, 2010) - The Rhode Island Higher Education Assistance Authority and the Rhode Island State Investment Commission have renewed the firm's contract to provide program management and investment management services to CollegeBoundfund®, the State's 529 college savings plan. The agreement is for a five-year term and includes a provision allowing for an additional five years.

As part of its renewal contract, Rhode Island residents in the direct-sold version of the plan will see expenses in the age-based investment options lowered to 0.20%.

For more information, click here.

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