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. The plan offers an age-based option with a 16 step glidepath, six static options, and 15 individual funds.
- 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 | Rank |
|---|---|---|---|---|
| Age 5 | 0.19% | 79% | 35.3% | N/A |
| Age 6 | 0.19% | 73% | 32.48% | N/A |
| Age 7 | 0.19% | 67% | 29.23% | N/A |
| Age 8 | 0.18% | 61% | 26.35% | N/A |
| Age 9 | 0.18% | 56% | 23.87% | N/A |
| Age 10 | 0.17% | 50% | 21.1% | N/A |
| Age 11 | 0.17% | 44% | 18.5% | N/A |
| Age 12 | 0.17% | 38% | 15.87% | N/A |
| Age 13 | 0.17% | 32% | 13.36% | N/A |
| Age 14 | 0.16% | 26% | 11.23% | N/A |
| Age 15 | 0.15% | 19% | 8.67% | N/A |
| Age 16 | 0.16% | 14% | 6.93% | N/A |
| Age 17 | 0.17% | 10% | 5.41% | N/A |
| Age 18 | 0.17% | 10% | 5.62% | N/A |
| Age 19+ | 0.18% | 10% | 5.83% | N/A |
| Age 0-4 | 0.2% | 85% | 38.17% | 37 of 55 |
