Missouri MOST 529 reduces program management fee

MOST 529 board members voted to approve a contract amendment with program manager Ascensus. The amendment extends the contract period through June 2026 while guaranteeing program management fee reductions—taking the fees from the current level of 19 Basis Points (bp) to 16bp immediately, and 14bp over five years, a reduction of over 26%. This reduction is expected to save plan participants over $8 million.
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