State Treasurer Fitzgerald announces fee reduction for College Savings Iowa

State Treasurer Michael L. Fitzgerald announces that for the ninth time in 16 years, the College Savings Iowa 529 plan has reduced its fees for plan participants.

“By reducing fees, we’re making it possible for families to keep more money in their accounts,” said Fitzgerald. “Every little bit saved can go a long way to help Iowans afford the educational adventure of a lifetime.”

Effective April 1, 2022, the annual asset-based fee on the plan’s investment options will have a 5.5% reduction, which brings the price down from 0.19% to 0.18%. This means investors pay only $1.80 per $1,000 invested annually.
Return to 529 News center