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MOST - Missouri's 529 College Savings Plan (Direct-sold)
MOST - Missouri's 529 College Savings Plan (Direct-sold), managed by Ascensus College Savings, features three-age based options and 16 static portfolios with funds from Vanguard and Dimensional Fund Advisors. Accounts can be linked to the Upromise rewards service.
In Savingforcollege.com's latest quarterly rankings, this plan ranked in the top 10 for 1-year, 3-year, 5-year and/or 10-year performance.
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)
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Access enrollment materials and open an account with MOST - Missouri's 529 College Savings Plan (Direct-sold) in just a few easy steps.Enroll Now
Did you know?
Residents are not limited to investing in their own state's plan. Another state may offer a plan that performs better and has lower fees. If there is no tax break offered for in-state investors ... shop around!
Also, the plan chosen does not affect which state the student enrolls in. An investor can live in NY, invest in a plan from NV and send a student to college in FL.
1999, but substantially changed in June 2006
Missouri Higher Education Savings Program Board
Ascensus College Savings
Vanguard Marketing Corporation
Five years through June 6, 2016.
U.S. citizens and resident aliens who have a Social Security number or taxpayer identification number, UGMA/UTMA custodians, and legal entities.
Accepts contributions until all account balances in Missouri's 529 plans for the same beneficiary reach $325,000.
None, $25 for automatic transfer from a Upromise account to an account in the plan.
The Age-Based option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 5 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.
Select among 6 multi-fund portfolios and 10 individual-fund portfolios.
Vanguard and Dimensional Fund Advisors funds.
Click here, you need Microsoft Excel to open this document.
Click here to visit, link to the program website containing most current performance data.
Fees & Expenses
0.15% - 0.24%
0.02% - 0.38%
0.23% - 0.58%
Taxes and other Benefits
The MOST Matching Grant Program has been discontinued.
Contributions to Missouri AND non-Missouri 529 plans of up to $8,000 per year by an individual, and up to $16,000 per year by a married couple filing jointly, are deductible in computing Missouri taxable income. Only contributions made by the account owner are deductible, except for spouses filing a joint return. Rollover contributions are not deductible. Contribution deadline is December 31 postmark.
At the maximum Missouri tax rate of 6.0% the tax deduction is worth as much as $480 ($960 joint) in Missouri tax savings. Because Missouri has made the deduction available to contributions to any 529 plan, this value does not have to be factored in when comparing plans.
The principal portion of nonqualified withdrawals from this plan are included in Missouri taxable income to the extent of prior Missouri tax deductions.
Qualified distributions from Missouri and non-Missouri 529 plans are exempt.
Missouri follows federal tax-free treatment for rollovers.
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Distributions & Terminations
Eligible educational institution or account owner, as directed by the account owner.
Accepts requests to transfer account ownership.
Documents, Access & Reporting
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