IAdvisor 529 Plan


The IAdvisor 529 Plan is managed by Voya Investment Management Co. LLC. Voya succeeded Upromise Investments as program manager in March 2013. The revised program features an age-based option, five static allocation options, and 12 single fund options utilizing mutual funds managed by Baillie Gifford, BlackRock, CBRE Clarion, Delaware Investments Fund Advisers, Goldman Sachs, Hahn Capital Management, J.P. Morgan, Lazard, LSV, T. Rowe Price, Van Eck, Voya IM and Wellington. To find a financial advisor in your area, use the Directory of Financial Professionals.

5-Cap Rating


Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories. (Scale 0 to 5; 5 is highest)

Performance Costs Features Reliability Resident Upgrade
2.84 2.19 2.93 4.00 0.40

Find an advisor

Enroll in IAdvisor 529 Plan through a financial advisor. Search our directory of qualified financial professionals to find one near you.


Program type:


How to enroll:

Enroll through a financial advisor. Find a Professional

Initial year of operation:

2006, but subtantially changed in 2013

State agency(ies):

State Treasurer of Iowa

Program manager:

Voya Investment Management Co. LLC

Program distributor:

Voya Investments Distributor, LLC

Manager contract term:

Through March 1, 2020.


State residency requirements:


Who can be a participant/owner in the program?

U.S. citizens and resident aliens at least 18 years old, and UGMA/UTMA custodians.

Significant time or age restrictions imposed by the program:



Maximum contributions:

Accepts contributions until all account balances in Iowa's 529 plans for the same beneficiary reach $320,000.

Minimum contributions:

With lump-sum contributions, the minimum initial and subsequent contribution is $250 per investment option ($50 per month per option with the automatic investment plan, $25 per pay period per option with payroll direct deposit).

Investment Options

Age-based investment options:

The Age-Based Option contains 5 portfolios of underlying funds. Contributions are placed into the portfolio corresponding to the beneficiary's age or as selected by the account owner, and later reassigned to more conservative portfolios as the beneficiary approaches college.

Static investment options:

Select among 5 static allocation portfolios and 12 individual-fund portfolios investing in Voya funds managed by y BG Overseas, BlackRock Financial Management, CBRE Clarion, DIFA, Goldman Sachs, Hahn Capital Management, JPMorgan, Lazard, LSV, T. Rowe Price, Van Eck, Voya IM, and Wellington.

Underlying investments:

Mutual funds from Baillie Gifford, BlackRock, Clarion, Delaware, Goldman Sachs, Hahn Capital Management, JP Morgan, Lazard, LSV, T. Rowe, Van Eck, Voya IM, and Wellington

Underlying fund allocations:

Click here, you need Microsoft Excel to open this document.

Investment performance link:

Click here to visit, link to the program website containing most current performance data.

Portfolio Fees & Performance Lookup

Click here to visit, pricing and performance details for each portfolio in each share class. Data can be plugged into FINRA's 529 Expense Analyzer.

Fees & Expenses

Enrollment or application fee:


Account maintenance fee:

$25 annually, waived if the account balance in each investment option is greater than $25,000; waived for accounts with an automatic investment plan or payroll direct deposit of $100 per month in each investment option running on a monthly basis for 12 consecutive months.

Program management fees:

0.50% (0.40% for Money Market) management fee includes 0.075% fee to the state, plus distribution/marketing fee of 0.25% (Class A) or 1.00% (Class C, except Money Market is 0.25%).

Expenses of the underlying investments:

0.49% - 0.72% in the age-based and static options; 0.27% - 1.05% in the individual options.

Total asset-based expense ratio:

Class A: 0.99% - 1.80%
Class C: 0.99% - 2.55%

Broker loads and commissions:

Class A:
Maximum initial sales charge: 4.75% (3.75% for accounts opened prior to 3/1/13 invested in options with less than 50% equity exposure)
Dealer: 4.25% commission (3.00% accounts opened prior to 3/1/13 invested in options with less than 50% equity exposure) and 0.25% annual trail beginning in month 13

Class C:
CDSC: 1% in year one only
Conversion to Class A: Year seven
Dealer: 1% commission and 1% annual trail beginning in month 13

Money Market Option: No initial or deferred sales charges.

Breakpoint pricing:

Portfolios with 50% or more equity exposure:
Class A sales load (dealer commission):
$0 - $999,000 - 4.75% (4.25%)
$1,000,000 or more - 0% (1%, excluding Voya Money Market); 1% CDSC incurred on shares redeemed within 18 months of purchase.

Portfolios with less than 50% equity exposure:
Class A sales load (dealer commission):
Less than $50,000 - 3.75% (3.00%)
$50,000-$99,999 - 3.25% (2.75%)
$100,000-$349,999 - 2.25% (1.75%)
$350,000-$749,999 - 1.75% (1.50%)
$750,000 or more - 0% (1%)

Taxes and other Benefits

Program match on contributions:


State tax deduction or credit for contributions:

Contributions to an Iowa 529 plan of up to $3,188 for 2016 per beneficiary by an individual, and up to $6,376 per beneficiary by married taxpayers filing jointly who each make their own contributions, are deductible in computing Iowa taxable income. The maximum deduction increases each year with inflation. Only contributions made by the account owner are deductible. Contribution deadline is December 31 postmark. Iowa residents may elect to treat contributions made through the deadline (excluding extensions) for filing an individual Iowa state income tax return (generally April 30) as having been made in the prior year in order to claim the allowable annual deduction on their Iowa state tax return for the prior year.

Value of in-state tax benefits:

Investment time horizon:
18 yrs (i.e. newborn): 0.38% annualized
10 yrs (i.e. 8-yr old): 0.69% annualized
2 yrs (i.e. 16-yr old): 3.51% annualized
Based on 8.98% IA tax rate. (For assumptions see 529 State Tax Calculator.)

State tax recapture provisions:

The principal portion of rollovers and nonqualified withdrawals from this plan are included in Iowa taxable income to the extent of prior Iowa tax deductions.

State tax treatment of qualified distributions:

Qualified distributions from Iowa and non-Iowa 529 plans are exempt.

State tax treatment of rollovers:

Iowa follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions.

Does the sponsoring state exclude the value of an account for state financial aid purposes?


Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?


Does the program have a formal agreement with a rewards program or outside scholarship program?


Statutory protection of an account from creditors:


Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?


Can the complete enrollment process including funding be done online?


Documents and other services accessible or downloadable on the program's public Web site:

Program Description


Web site:

Click here to visit



Telephone for broker use:


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