Minnesota 529 to lower fees further

Effective September 1, 2009, the total annual asset-based fee for the Managed Allocation Option in the Minnesota College Savings Plan will be reduced from 0.60% to 0.5125%. Fees for the 100% Equity Option, the Balanced Option, the 100% Fixed-Income Option and the Money Market Option will be reduced from 0.65% to a lower fee structure with a total annual asset-based fee ranging from 0.5125% to 0.6125% depending on the investment option.

The program is managed by TIAA-CREF Tuition Financing Inc.
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