Ohio BlackRock CollegeAdvantage 529 Plan renews contract; Lowers fees
A 7-year contract has been signed by the Ohio Tuition Trust Authority, extending BlackRock Advisors, LLC's term as program manager for the BlackRock CollegeAdvantage 529 Plan until June 18, 2021. As a result of the contract renewal, the annual program management fee has been reduced from 0.20% to 0.19%, and the Class A initial sales charge has been dropped from 5.75% to 5.25% for some investment options.
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