529 PLANS

529 News

Recent Plan News

Ivy InvestEd 529 Plan reduces costs and improves investment options

(September 18, 2017) - Effective September 18, 2017, Ivy Investments made enhancements to the InvestEd 529 Plan, offered through the state of Arizona, to provide financial advisors with a more competitive and cost-effective college savings product they can offer clients. The Plan’s sales charges have been lowered from 5.75% to 2.5%, and minimum initial investments have been reduced to $250 (or $150 with automated investments) from $750. Three age-based portfolio options, as well as five passively managed index funds have also been added to the plan.

New York 529 Direct Plan announces improvements

(August 28, 2017) - Starting September 22, the New York 529 Direct Plan is reducing costs, increasing the maximum account balance to $520,000, eliminating the minimum contribution, and adding six new portfolios within the age-based options.

Michigan 529 Advisor Plan to change plan administrator

(August 25, 2017) - In mid-September, the Michigan 529 Advisor Plan will transition its program distribution from Allianz Global Investors to Nuveen Securities, LLC. TIAA-CREF Tuition Financing will continue to serve as program manager, as well as assume the role of Plan Administrator. Nuveen is a subsidiary of TIAA, and will be responsible for marketing and distribution of the Plan, along with providing advisor sales and service support.

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