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CollegeChoice 529 Direct Savings Plan

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 an age-based 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.

Our Ratingx

4.5 of 5

Fee Scorex

3.5 of 5

Performancex

2.5 of 5

  • Program typeSavings
  • Inception1997, but substantially changed in 2008
  • State agency
    Indiana Education Savings Authority (IESA)
  • Tax deduction
    For single filers, 20% on up to $5,000/yr
    For joint filers, 20% on up to $5,000/yr
  • Program Manager
    Ascensus College Savings
  • Program distributor
    Ascensus College Savings
  • Manager contract termUNLOCK PRO

Investors in CollegeChoice 529 Direct Savings Plan can select from the following investment options. Click on a portfolio name for more information.

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%

Age Based Investment Options

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.

PortfolioE.R% Equity1YR PerformanceRank
2021 Enrollment Portfolio0.44%25%3.2%29 of 80
2024 Enrollment Portfolio0.44%35%4.5%3 of 100
2027 Enrollment Portfolio0.44%45%5.89%1 of 100
2030 Enrollment Portfolio0.44%60%7.86%1 of 65
2033 Enrollment Portfolio0.41%75%9.91%2 of 63
2036 Enrollment Portfolio0.38%85%11.24%1 of 29
College Portfolio0.42%15%2.05%N/A

Static Investment Options

This refers to an investment option that is not programmed to change over time. The individual fund portfolio and multi-fund portfolio described below are static options. So are many portfolios that do not use mutual funds, such as stable-value options, guaranteed options, CD options, etc.

PortfolioE.R% Equity1YR PerformanceRank
Sorry. No investment options found with an expense ratio lower than 2.5%

Individual Investment Options

Sometimes called a single-fund option, this is a portfolio invested in a single mutual fund. Often the name of the 529 portfolio is very similar to the name of the underlying mutual fund. A large number of broker-sold 529s offer an extensive line-up of individual fund options, while a smaller number of direct-sold 529s offer them.

PortfolioE.R% Equity1YR PerformanceRank
US Equity Index Portfolio0.2%100%17.43%49 of 228
Active Bond Portfolio0.58%0%-1.73%30 of 68
Inflation-Protected Portfolio0.43%0%0.16%5 of 68
International Portfolio0.82%100%-5.39%227 of 228
Bond Index Portfolio0.22%0%-1.42%41 of 68
Stable Value Portfolio0.22%0%1.79%19 of 66

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%