Virginia's VEST adds Vanguard options, reduces expenses
VEST has also revised its program pricing. The plan now charges a management fee of 0.25% on top of the underlying fund expenses. Combined expenses are reduced from approximately 1% annually to a range of 0.33% - 0.56%.
The settlement process for contributions and distribution requests has also been changed. Rather than waiting 2-4 weeks for contributions to be invested, or distributions to be processed, the settlement process is conducted every Wednesday for all contributions and distribution requests received during the preceding calendar week.