Upromise Investments, Inc., which was acquired by Ascensus College Savings in 2013, became manager of the Indiana CollegeChoice Advisor 529 Savings Plan in September 2008, replacing JPMorgan. The plan uses BlackRock, Schwab, DFA, American Funds, T.Rowe Price, Carillon Tower Advisors and Vanguard funds in its Year of Enrollment Option and mutual funds from various investment managers in its individual portfolios. The plan also offers an FDIC-insured Savings Portfolio from NexBank and the Capital Preservation Portfolio invested in the New York Life Guaranteed Interest Account. Accounts can be linked to the Upromise Rewards service. To find a financial advisor in your area, use the Directory of Financial Professionals.
- 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 Advisor 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|
|2037 Enrollment Portfolio||0.75%||76.16%||11.2%|
|2040 Enrollment Portfolio||0.75%||88%||12.94%|
|2043 Enrollment Portfolio||0.75%||90%||N/A|
|2025 Enrollment Portfolio||0.7%||17.49%||3.32%|
|2028 Enrollment Portfolio||0.73%||32.52%||5%|
|2031 Enrollment Portfolio||0.75%||47.5%||6.96%|
|2034 Enrollment Portfolio||0.75%||63.99%||9.37%|