General InformationDownload PDF Report
Ivy InvestEd 529 Plan
The Arizona Ivy InvestEd 529 Plan is an advisor-sold 529 savings program that features six fund-of-fund mutual funds from Ivy Investment Management Company, available as either static investment options or as part of an age-based strategy, plus 20 individual-fund portfolios invested in Ivy Funds mutual funds. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- State agencyArizona Commission for Postsecondary Education
- Tax deductionTax deduction for single filers $2,000/yrTax deduction for joint filers $4,000/yr
- Program ManagerWaddell & Reed, Inc.
- Program distributorIvy Distributors, Inc. (IDI)
- Manager contract termUNLOCK PRO
Ratings & Rankings
Our overall rating for non-residents
This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.
Each plan's performance score is developed directly from Savingforcollege.com's Quarterly 529 Performance Rankings. A 529 savings plan must have at least one year of performance history before they will be assigned a 5-cap rating. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans.
State residency requirements:None
Who can be a participant/owner in the program?U.S. citizens and resident aliens of legal age, state/local government agencies, and 501(c)(3) organizations.
Significant time or age restrictions imposed by the program:None
Maximum contributions:Accepts contributions until all account balances in Arizona's 529 plans for the same beneficiary reach $476,000.
Minimum contributions:With lump-sum contributions, the minimum initial contribution is $250 per fund and subsequent investments do not have a limit. With the automatic investment plan, the initial opening account minimum is $150 per fund and the subsequent contribution level is $50 per month. No account minimum to establish an account via payroll deduction or salary deferral.
Age-based investment options:Savings Contributions are placed into one of six portfolios corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.View more age-based investment options
Static investment options:Select among 6 fund-of-funds portfolios and 19 individual-fund portfolios each investing in a single mutual fund from the Ivy Funds family.View more static investment options
Underlying investments:Ivy FundsView a full list of this plan's investment options
Underlying fund allocations:UNLOCK PRO
Portfolio Fees & Performance LookupUNLOCK PRO
Fees & Expenses
Enrollment or application fee:None, but contributions may be subject to a sales charge.
Account maintenance fee:$20 annually for accounts with less than $25,000, waived for Arizona residents and accounts with an automatic investment plan.
Program management fees:None
Expenses of the underlying investments:Ranges from 0.49% to 0.76% in the InvestEd Portfolios; 0.35% to 1.23% in the Ivy Fund Portfolios; 0.56% in the Ivy Government Money Market portfolio (no distribution fee).
Total asset-based expense ratio:0.74% - 1.01% in the InvestEd Portfolios
0.60% - 1.48% in the Ivy Funds
0.56% in the Ivy Government Money Market portfolio
Broker loads and commissions:UNLOCK PRO
Breakpoint pricing:UNLOCK PRO
Does breakpoint pricing include non-529 assets under rights of accumulation policiesUNLOCK PRO
Taxes and other Benefits
- Tax deduction for single filers$2,000/yr
- Tax deduction for joint filers$4,000/yr
Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.