In September 2008, Upromise Investments, Inc., which was acquired by Ascensus College Savings in 2013, took over the management of the Indiana CollegeChoice 529 Direct Savings Plan from JPMorgan, and it now features a year of enrollment option using Vanguard index and Loomis Sayles funds, seven individual portfolios using a variety of investment managers, and an FDIC-insured savings account from NexBank. Accounts can be linked to the Upromise Rewards service.
- Program typeSavings
- Inception1997, but substantially changed in 2008
- State agencyIndiana Education Savings Authority (IESA)
- Tax deduction
- Program ManagerAscensus College Savings
- Program distributorAscensus College Savings
Investors in CollegeChoice 529 Direct 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|
|2021 Enrollment Portfolio||0.36%||23.06%||8.45%||8 of 78|
|2024 Enrollment Portfolio||0.38%||33.33%||12.68%||8 of 120|
|2027 Enrollment Portfolio||0.39%||43.37%||16.4%||46 of 120|
|2030 Enrollment Portfolio||0.39%||57.5%||21.14%||10 of 92|
|2033 Enrollment Portfolio||0.37%||72.5%||27.22%||30 of 72|
|2036 Enrollment Portfolio||0.35%||83.34%||32.59%||3 of 35|
|College Portfolio||0.35%||15%||7.51%||31 of 122|