4 / 5
Our rating
IN resident benefits
In September 2008, Upromise Investments, Inc., which was acquired by Ascensus College Savings in 2013, took over the management of the Indiana 529 Direct Savings Plan from JPMorgan, and it now features a year of enrollment option, eight 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.
Scores for each ratings category
2.72 / 5
Performance
4.0 / 5
Ease of Use
4.28 / 5
Savings Success
4.22 / 5
Program Delivery
Program type
Inception
State agency
Tax deduction
For single filers: 20% amounting to up to $1,500/yr
For joint filers: 20% amounting to up to $1,500/yr
Program manager
Program distributor
Manager contract term
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
IN residents can claim a tax deduction for contributions to a IN 529 plan.
Up to $1,500/yr ($1,500/yr for single filers) per year are eligible.
529 plan contributions grow tax-free.
Withdrawals are tax-free when used to pay for qualified higher education expenses.
You can contribute as much as you want, as often as you want.
The key is to get started. Enroll today by completing a quick form online.
Maximum contributions:
Minimum contributions:
Does the program offer an e-gifting platform for receiving gift contributions?
Investors in Indiana529 Direct Savings Plan can select from the following investment options. Click on a portfolio name for more information.
Portfolio | E.R. | % Equity | 1yr performance |
---|---|---|---|
2027 Enrollment Portfolio | 0.2% | 22.5% | 4.94% |
2030 Enrollment Portfolio | 0.2% | 37.51% | 5.63% |
2033 Enrollment Portfolio | 0.2% | 53.4% | 6.01% |
2036 Enrollment Portfolio | 0.2% | 68.65% | 6.44% |
College Portfolio | 0.19% | 10% | 4.04% |
2039 Enrollment Portfolio | 0.2% | 80.37% | 6.65% |
2042 Enrollment Portfolio | 0.2% | 90% | 6.88% |
Age-based/Enrollment Year investment options:
Static investment options:
Underlying investments:
Underlying fund allocations:
Portfolio Fees & Performance Lookup
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Tax deduction for single filers:
Tax deduction for joint filers:
Program match on contributions:
State tax deduction or credit for contributions:
Find out how much you can save on state taxes this year by contributing to a Indiana 529 plan.
Married Filing Jointly
Household income
$100,000
Monthly Contribution
$100
State tax recapture provisions:
State definition of qualified expenses
State tax treatment of qualified distributions:
State tax treatment of rollovers:
Does the sponsoring state exclude the value of an account for state financial aid purposes?
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
Statutory protection of an account from creditors:
Residents are not limited to investing in their own state's 529 plan.
Another state may offer a plan that performs better and has lower fees.
The 529 plan chosen does not affect which state the student enrolls in.
You can live in New York, open a plan from Nevada and send a student to college in Florida.
The best way to maximize your college savings?
Start early and save often. You can get started today with easy online enrollment.
To whom are distributions made payable:
Policy regarding participant/owner changes:
Does participant have online password-protected access to account?
Can the complete enrollment process including funding be done online?
Documents and other services accessible or downloadable on the program's public Web site:
Website:
Telephone:
Social Media
Complete the online application and make your first deposit
A good place to start:
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Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.