Utah 529 drops fees, adds investment option
The Utah Educational Savings Plan is reducing its management fee by 12% effective October 1, 2008, and at the same time lowering its account maintenance fee by 25%. The range of asset-based fees in the program will be 0.22% to 0.34%,
which includes the Vanguard underlying expense ratios.
The account maintenance fee will fall from $20 to $15 annually, with accounts charged $3.75 at the end of each quarter. Accounts with less than $5,000 are charged only 0.075% of the balance each quarter.
Utah residents are assessed no fees for Option 1—Utah Public Treasurer’s Investment Fund, and do not pay the account maintenance fee regardless of investment option.
A new static investment option (Option 10) with 30% of assets allocated to international equity funds will become available to account owners on October 1, 2008.
Return to 529 News centerwhich includes the Vanguard underlying expense ratios.
The account maintenance fee will fall from $20 to $15 annually, with accounts charged $3.75 at the end of each quarter. Accounts with less than $5,000 are charged only 0.075% of the balance each quarter.
Utah residents are assessed no fees for Option 1—Utah Public Treasurer’s Investment Fund, and do not pay the account maintenance fee regardless of investment option.
A new static investment option (Option 10) with 30% of assets allocated to international equity funds will become available to account owners on October 1, 2008.