CollegeChoice 529 Savings Plans reduce fees
The CollegeChoice 529 Direct Plan will see a reduction in program management fees of two basis points on both the Year of Enrollment and Individual Portfolios as a result of combined assets in the Direct and Advisor Plans reaching a $5.5 billion contractual breakpoint. The CollegeChoice Advisor 529 fee reduction comes as the Indiana Education Savings Authority (IESA), which oversees the Plans, reduces its State Administrative Fee by 20 percent, or two basis points. Both fee reductions were passed unanimously at the IESA’s quarterly Board Meeting on Wednesday, August 26.