Fidelity makes enhancements to DE 529

Enhancements have been made in the Fidelity-managed direct-sold 529 savings plans in Arizona, Delaware, Massachusetts, and New Hampshire.

A second age-based option, utilizing index funds, has been added to the existing option that uses actively-managed funds. In addition, new multi-fund and individual-fund portfolios have been added to create a total of 11 static investment options, some using index funds and some using actively-managed funds. All index fund portfolios incur a fixed 0.50% expense which includes the expenses of the underlying index funds. The actively-managed portfolios are charged a 0.30% program manager fee which is in addition to the underlying fund expenses.

The programs have dropped their annual account maintenance fees, and have reduced the minimum initial contribution to $50.
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