SHORTCUTS

529 Plan Details:

Enter your state:

World's Simplest College Calculator:

How old is your child?

Find a 529 Pro:

Enter your zip code:

Enroll In a 529 Plan:

View a list of participating plans

OPTIONS

529 PLANS

Edvest

Wisconsin

TIAA-CREF succeeded Wells Fargo as manager of Wisconsin's Edvest 529 savings program in October 2012. The revised program features two age-based options, twelve static portfolio options, and six individual fund options utilizing mutual funds from TIAA-CREF, DFA and PIMCO. A CD option and a principal plus interest option are also available.

5-Cap Rating

Resident:
Non-Resident:

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
3.32 4.65 3.50 4.80 .40

General

Program type:

Savings

How to enroll:

Enroll directly with the program.

Initial year of operation:

1997, but substantially changed in 2012

State agency(ies):

Wisconsin Department of Administration

Program manager:

TIAA-CREF Tuition Financing, Inc.

Program distributor:

TIAA-CREF Tuition Financing, Inc.

Manager contract term:

Premium subscription required for this data.

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens of legal age, UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in Wisconsin's 529 plans for the same beneficiary reach $330,000.

Minimum contributions:

$25 per investment option, or $15 per investment option with the automatic contribution plan.

Investment Options

Age-based investment options:

The Age-Based Option is offered in 2 different risk levels, each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college enrollment.

Static investment options:

Select among 5 index-based multi-fund portfolios (Aggressive, Growth, Moderate, Conservative and Income), 5 active-based multi-fund portfolios (Aggressive, Growth, Moderate, Conservative and Income), two additional multi-fund portfolios, 6 individual-fund portfolios, a bank CD Portfolio and a principal plus interest portfolio that guarantees an annual interest rate of 1% - 3%.

Underlying investments:

Mutual funds managed by TIAA-CREF, DFA, and PIMCO.

Underlying fund allocations:

Premium subscription required for this data.

Investment performance link:

Premium subscription required for this data.

Portfolio Fees & Performance Lookup

Premium subscription required for this data.

Fees & Expenses

Enrollment or application fee:

None.

Account maintenance fee:

None.

Program management fees:

0.08% management fee, none for the Principal Plus Interest Portfolio. These figures do not include the state administrative fee (0.10%) which is currently being waived.

Expenses of the underlying investments:

Ranges from 0.09% to 0.37% (portfolio weighted average) in the age-based and static multi-fund portfolios, 0.06% to 0.19% in the individual-fund portfolios, none in the Principal Plus Interest portfolio. The CD option has no underlying expense beyond the management and state administration fee.

Total asset-based expense ratio:

0.08% - 0.45%

Taxes and other Benefits

Program match on contributions:

None.

State tax deduction or credit for contributions:

Contributions to a Wisconsin 529 plan of up to $3,050 per beneficiary per year (any filing status) are deductible in computing Wisconsin taxable income. The maximum annual deductible will be increased annually to reflect inflation. Contributions in excess of the maximum annual limit may be carried forward to one or more future years and deducted up to the then annual maximum deductible amount each year until all amounts invested have been deducted from Wisconsin taxable income. Contributors do not need to be the account owner to claim the deduction. Any Wisconsin taxpayer may claim a deduction for contributions to any account. Contribution deadline is April 15 of the year following the tax year. Beginning in 2010, parents were no longer required to claim their child as a dependent in order to claim the deduction; however, the maximum deduction is reduced to $1,525 for a parent who is married and filing separately or who is divorced, unless the divorce judgment specified a different division of the $3,050 combined maximum.

Value of in-state tax benefits:

Premium subscription required for this data.

State tax recapture provisions:

Non-qualified withdrawals & rollovers to other 529 plans must be added back to Wisconsin taxable income unless eligible for the federal non-qualified withdrawal penalty waiver: death or disability of the beneficiary or withdrawals equal to the amount of a scholarship award in such period of such award.

State tax treatment of qualified distributions:

Qualified distributions from Wisconsin and non-Wisconsin 529 plans are exempt. Under Wisconsin law, a beneficiary's right to qualified withdrawals from a Wisconsin 529 plan is not subject to garnishment, attachment, execution, or other process of law.

State tax treatment of rollovers:

Wisconsin follows federal tax-free treatment.

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

Yes

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

No

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

No

Statutory protection of an account from creditors:

Premium subscription required for this data.

Distributions & Terminations

To whom are distributions made payable:

Account owner, beneficiary, eligible educational institution, or other third party, as directed by 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?

Yes

Can the complete enrollment process including funding be done online?

Yes

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

Premium subscription required for this data.

Contact

Web site:

Click here to visit

Telephone:

1-888-338-3789

Facebook

Click here to visit

State News