Kentucky 529 reduces fees, adds new option

The Kentucky Education Savings Plan Trust (KESPT) now has a sixth investment option - the Balanced Option - along with lower fees.

The Balanced Option invests in a balanced combination of equity and fixed-income funds.

Program manager TIAA-CREF Tuition Financing, Inc. has reduced the total annual asset-based fee for the plan's age-based option (Managed Allocation Option) from 0.70% to 0.65%, and for the Equity Index Option from 0.58% to 0.55%.
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