Minnesota 529 College Savings Plan (MNSAVES) announces lower fees and enhanced investment options
MNSAVES is excited to announce that current and future account owners will see more of their hard-earned money invested toward their college savings goals with average Plan fees dropping to 0.15 percent, more than three times lower than the 0.61 percent national average fee for all 529 plans. The fee reduction of over 30 percent could save MNSAVES account owners a combined total of approximately $1.2 million annually.
The Plan's Age-Based glide path structure, commonly offered in most 529 plans, will be replaced with an Enrollment Year structure establishing investment portfolios tied to a beneficiary's expected enrollment date of use.
Return to 529 News centerThe Plan's Age-Based glide path structure, commonly offered in most 529 plans, will be replaced with an Enrollment Year structure establishing investment portfolios tied to a beneficiary's expected enrollment date of use.