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

Ivy Funds InvestEd Plan

Arizona

The Arizona InvestEd Plan broker 529 savings program features three fund-of-fund mutual funds from Waddell & Reed, available as either static investment options or as part of an age-based strategy, plus 16 individual-fund portfolios invested in Ivy Funds mutual funds. To find a financial advisor in your area, use the Find a 529 Pro Directory.

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
2.91	3.56	2.70	3.20	0.15

Find an advisor

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

Find a 529 Pro Now Become a 529 Pro

General

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.

Research other state plans
or
Compare between state plans

Program type:

Savings

Telephone:

1-800-877-6472

Telephone for broker use:

Premium subscription required for this data.

Web site:

Click here to visit

How to enroll:

Enroll through a financial advisor.

Initial year of operation:

2001

State agency(ies):

Arizona Commission for Postsecondary Education

Program manager:

Waddell & Reed, Inc.

Program distributor:

Waddell & Reed, 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, state/local government agencies, and 501(c)(3) organizations.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in Arizona's 529 plans for the same beneficiary reach $374,000.

Minimum contributions:

With lump-sum contributions, the minimum initial contribution is $500. With the automatic investment plan, the minimum contribution level is $50 per portfolio per month via bank transfer or $25 per pay period via payroll deduction.

Investment Options

Age-based investment options:

Contributions are placed into one of 3 portfolios—Growth (ages 0–8), Balanced (ages 9–15), or Conservative (ages 16 and up)—corresponding to the beneficiary’s age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Static investment options:

Select among 3 fund-of-funds portfolios (Growth, Balanced, or Conservative) and 16 individual-fund portfolios each investing in a single mutual fund from the Ivy Funds family.

Underlying investments:

Ivy Funds and Waddell & Reed Advisors Funds.

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, but contributions may be subject to a sales charge.

Account maintenance fee:

$20 annually for accounts with less than $25,000, waived for Arizona residents.

Program management fees:

None

Expenses of the underlying investments:

Ranges from 0.73% to 0.92% in the InvestEd Portfolios; 0.75% to 1.42% in the Ivy Fund Portfolios; 0.78% in the Ivy Money Market portfolio (no distribution fee).

Total asset-based expense ratio:

0.98% - 1.17% in the InvestEd Portfolios
1.19% - 2.52% in the Ivy Funds; 1.00% - 1.67% reflects a waiver of management fees, 12b-1 fees and/or shareholder servicing fees through July 31, 2013
0.78% in the Ivy Money Market portfolio

Broker loads and commissions:

Premium subscription required for this data.

Breakpoint pricing:

Premium subscription required for this data.

Does breakpoint pricing include non-529 assets under rights of accumulation policies

Premium subscription required for this data.

Taxes and other Benefits

Program match on contributions:

None.

State tax deduction or credit for contributions:

Contributions to Arizona AND non-Arizona 529 plans of up to $750 per year by an individual, and up to $1,500 per year by a married couple filing jointly, are deductible in computing Arizona taxable income. The original sunset date of December 31, 2012 has been removed, thus making the deduction permanent.

Value of in-state tax benefits:

Premium subscription required for this data.

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Arizona taxable income to the extent of prior Arizona tax deductions. Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability, withdrawals made on account of the beneficiary's receipt of a scholarship, or rollovers.