Ohio’s 529 Plan, CollegeAdvantage has reduced program fees by a full basis point effective October 2021

Vanguard, one of Ohio Direct 529 Plan’s partners, reduced their fee by half a basis point from 1.5 bps to 1.0 bps (0.015% to 0.10%). In addition, Ascensus College Savings, the program record-keeper for the Ohio Direct 529 Plan, reduced their fee by a half a basis point from 10 bps to 9.5 bps (0.10% to 0.095%). Both the reduction in fees by Vanguard and Ascensus College Savings reduces the overall fees in Ohio’s 529 Plan by one full basis point.
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