Ascensus DC Transition
The DC College Savings Plan transitioned from Calvert Investments, Inc. to Ascensus College Savings over the weekend. The new plan offers lower fees - the most expensive age-based option is 0.36% - and a wider range of investment options from multiple managers. Among the age-based portfolios that invest in a combination of index funds, managers include iShares, Schwab, and Vanguard. Among individual portfolios managers include active and passive providers Loomis Sayles, DFA, and JP Morgan, as well as the aforementioned index fund managers.
There are also two socially-responsible portfolios from DFA, both domestic and international equity funds. Because the prior manager was a socially-responsible investment provider, participants looking specifically for those types of investments will still have two individual options available to them.
The advisor-sold plan has been folded into the direct-sold plan and the advisors of record removed from the respective accounts. Ascensus has provided guidance for investors that use an advisor with their account here.
Return to 529 News centerThere are also two socially-responsible portfolios from DFA, both domestic and international equity funds. Because the prior manager was a socially-responsible investment provider, participants looking specifically for those types of investments will still have two individual options available to them.
The advisor-sold plan has been folded into the direct-sold plan and the advisors of record removed from the respective accounts. Ascensus has provided guidance for investors that use an advisor with their account here.