Vermont to enhance 529, stay with TIAA-CREF
The number of plan investment options has been expanded from three to six with the addition of the Equity Index Option, Balanced Option, and Fixed Income Option.
Total asset-based expenses for the age-based Managed Allocation Option have dropped from 0.80% to 0.53%, while expenses for the other options (except Interest Income) range from 0.53% to 0.80% (0.53% to 0.89% as of November 30 when the 100% Equity Option becomes the Diversified Equity Option).
The Interest Income Option remains a zero-fee option but will be renamed the Principal Plus Interest Option on November 30 and will offer a guaranteed principal investment strategy.