CollegeAdvantage Direct Plan fees will be reduced
The Ohio Tuition Trust Authority announced that effective June 19, the program fee (OTTA Fee) for all CollegeAdvantage Direct Plan investment options will be reduced from 0.04% to 0.02%.The reduced fee is a result of program growth and efficiencies realized through administrative service changes implemented in 2013. These changes include an exchange of assets to improve five investment options to either more directly reflect a particular asset class or to lower account owner investment costs; the addition of a new investment option; and enhancements to the Ready-Made Age-Based and Ready-Made Risk-Based Portfolios. Changes to the investment offerings will also further reduce the total average cost of investment options from 0.31% to 0.27%.
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