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529 News

Recent Plan News

MOST 529 College Savings Plan cuts fees

(February 12, 2016) - A new five- year contract with Ascensus College Savings is expected to cut Missouri's MOST 529 college savings plan costs for investors by 28 percent. Expense ratios for MOST 529 Plan investment options are dropping, from a range of 0.32% to 0.61% to a range of 0.23% to 0.58%.

MOST Advisor accounts will be moved to the MOST Direct plan

(February 10, 2016) - Missouri's 529 Advisor Plan (MOST Advisor) will be discontinued on or about May 6, 2016. If account holders take no action, a new account will be established for them in the MOST Direct plan. Assets will be automatically transitioned into closely matched investment options. The plan will not accept transaction requests during the blackout period from May 6, 2016 to May 9, 2016.

For more information, click here.

Illinois reminds residents to enroll in the College Illinois! Prepaid 529 Plan by January 1st Before Prices Increase

(December 2, 2015) - Open enrollment for Illinois's prepaid plan runs November 2, 2015 through May 31, 2016, but residents are encouraged to enroll before year-end to take advantage of last year's prices. The plan offers federal and state tax advantages, including a state income tax deduction for contributions. The funds are managed by an experienced third-party and are held in a trust fund at Northern Trust Company, separated from state funds.

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