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529 News

Recent Plan News

Ohio BlackRock CollegeAdvantage 529 Plan renews contract; Lowers fees

(July 22, 2014) - A 7-year contract has been signed by the Ohio Tuition Trust Authority, extending BlackRock Advisors, LLC's term as program manager for the BlackRock CollegeAdvantage 529 Plan until June 18, 2021. As a result of the contract renewal, the annual program management fee has been reduced from 0.20% to 0.19%, and the Class A initial sales charge has been dropped from 5.75% to 5.25% for some investment options.

CollegeAmericaŽ 529 plan waives account setup and maintenance fees

(June 25, 2014) - American Funds has announced that it will waive both the account setup fee and the account maintenance fee for the CollegeAmericaŽ 529 college savings plan. This change will take effect July 1, 2014.

John Hancock Freedom 529 College Savings Plan lowers fees

(June 24, 2014) - The John Hancock Freedom 529 College Savings Plan has announced a reduction in fees. Effective June 9, 2014, the program management fee has been lowered by 10 basis points for all portfolios except the JH Money Market Portfolio, which was lowered by 5 basis points. The annual account maintenance fee has also been waived for all account holders who elect to receive documents electronically. As of September 2, 2014, the maximum up front sales charge will be reduced to 4 percent for the Fixed Income and Short-Term Bond Portfolios, and to 5 percent for all other portfolios.

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