529 News

Maine's direct-sold NextGen 529 adds new investment options

(September 16, 2004) - The direct-sold NextGen 529 plan has added an age-based option with AIM funds alongside the existing MLIM age-based option. Three new static portfolio options have also been added: the MLIM Equity Index Portfolio, the Franklin Templeton Growth Portfolio, and the MFS Fixed Income Portfolio. Program management fees have been reduced slightly on all portfolios, and the new MLIM Equity Index Portfolio is subject to a low 0.07% management fee on top of an underlying fund expense of approximately 0.61%.

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