The Florida 529 Savings Plan is administered by the Florida Prepaid College Board. In September 2019 the Board enhanced the plan with expanded investment options, reduced fees, and additional investment managers. In 2022 the Board converted the age-based option to enrollment year funds that automatically reallocate quarterly within each fund. As a result, the plan currently offers 20 enrollment year options (each year represents an estimated time for when the funds will be needed), six static options (predesigned based on investment goals such as growth or income), and 15 individual funds (for more sophisticated investors who want to do it themselves).
- Program typeSavings
- Inception2002
- State agencyFlorida Prepaid College Board
- Tax deduction
- Program ManagerFlorida Prepaid College Board
- Program distributorNot applicable
Investment Options
Investors in Florida 529 Savings Plan can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
| Portfolio | E.R. | % Equity | 1YR Performance |
|---|---|---|---|
| 2041 Portfolio | 0.09% | 85% | 15.16% |
| 2040 Portfolio | 0.09% | 85% | 15.16% |
| 2039 Portfolio | 0.09% | 85% | 15.16% |
| 2038 Portfolio | 0.09% | 85% | 15.16% |
| 2037 Portfolio | 0.08% | 83.88% | 15.03% |
| 2036 Portfolio | 0.08% | 74.5% | 13.45% |
| 2035 Portfolio | 0.08% | 68.5% | 12.25% |
| 2034 Portfolio | 0.07% | 62.5% | 11.07% |
| 2033 Portfolio | 0.07% | 57.25% | 9.96% |
| 2032 Portfolio | 0.06% | 51.5% | 8.74% |
| 2031 Portfolio | 0.06% | 45.5% | 7.6% |
| 2030 Portfolio | 0.06% | 39.5% | 6.5% |
| 2029 Portfolio | 0.06% | 33.5% | 5.31% |
| 2028 Portfolio | 0.05% | 27.5% | 4.16% |
| 2027 Portfolio | 0.05% | 20.75% | 2.96% |
| 2026 Portfolio | 0.06% | 15.25% | 2.04% |
| 2025 Portfolio | 0.07% | 11% | 1.46% |
| 2024 Portfolio | 0.09% | 10% | 1.34% |
| 2023 Portfolio | 0.09% | 10% | 1.69% |
| Enrolled Portfolio | 0.09% | 10% | 1.83% |
