Utah 529 drops fees, adds investment option
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.