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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.
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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Enroll in IAdvisor 529 Plan through a financial advisor. Search our directory of qualified financial professionals to find one near you.
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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.
SavingsFind a Professional
2006, but subtantially changed in 2013
State Treasurer of Iowa
Voya Investment Management Co. LLC
Voya Investments Distributor, LLC
Through March 1, 2020.
U.S. citizens and resident aliens at least 18 years old, and UGMA/UTMA custodians.
Accepts contributions until all account balances in Iowa's 529 plans for the same beneficiary reach $320,000.
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).
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.
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.
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
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
$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.
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%).
0.49% - 0.72% in the age-based and static options; 0.27% - 1.05% in the individual options.
Class A: 0.99% - 1.80%
Class C: 0.99% - 2.55%
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
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.
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
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.
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.)
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.
Qualified distributions from Iowa and non-Iowa 529 plans are exempt.
Iowa follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions.
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Distributions & Terminations
Eligible educational institution, beneficiary, or account owner, as directed by the account owner
Accepts requests to transfer account ownership.
Documents, Access & Reporting