Fidelity makes enhancements to DE 529
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.