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Maryland College Investment Plan renews program manager contract with T. Rowe Price

(January 27, 2017) - The Maryland College Investment Plan has renewed its contract with T. Rowe Price, extending the program manager's term through 2024. As part of the renewal, a reduction in the overall program fee has been announced that will go into effect on July 1, 2017. The fee will be reduced from 0.13% to 0.05%, eliminating the $10 account holder fee. Other enhancements will include improved online account holder experience, online gifting center, Smartvideo, Online employer benefit solution and additional literacy tools and content.

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