Treasurer Torsella announces new fee reduction for PA 529 Investment Plan
Pennsylvania Treasurer Joe Torsella announced a fee reduction for the PA 529 College and Career Savings Program Investment Plan (IP).
PA 529 IP account owners will see a fee drop of one-half a basis point (0.005%) that will result in more than $178,000 in savings across the IP. Treasury’s ability to reduce fees for PA 529 IP account owners is driven by the continued increase in contributions by Pennsylvania families into the IP as well as overall growth in assets. Pennsylvania families currently have more than $3.5 billion dollars invested in the IP for future education expenses.
Return to 529 News centerPA 529 IP account owners will see a fee drop of one-half a basis point (0.005%) that will result in more than $178,000 in savings across the IP. Treasury’s ability to reduce fees for PA 529 IP account owners is driven by the continued increase in contributions by Pennsylvania families into the IP as well as overall growth in assets. Pennsylvania families currently have more than $3.5 billion dollars invested in the IP for future education expenses.