General InformationDownload PDF Report
Learning Quest Advisor
Kansas Learning Quest Advisor version of Learning Quest was overhauled in May 2007 and now offers multi-manager age-based portfolios and static portfolios in addition to a menu of individual funds. 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
- State agencyKansas State Treasurer
- Tax deductionTax deduction for single filers $3,000/yrTax deduction for joint filers $6,000/yr
- Program ManagerAmerican Century Investment Management, Inc.
- Program distributorAmerican Century Investment Services, Inc.
- Manager contract termUNLOCK PRO
Ratings & Rankings
Our overall rating for non-residents
This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.
Each plan's performance score is developed directly from Savingforcollege.com's Quarterly 529 Performance Rankings. A 529 savings plan must have at least one year of performance history before they will be assigned a 5-cap rating. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans.
State residency requirements:None
Who can be a participant/owner in the program?U.S. citizens and resident aliens, UGMA/UTMA custodians, and legal entities. Joint ownership is permitted.
Significant time or age restrictions imposed by the program:None
Maximum contributions:Accepts contributions until all account balances in Kansas' 529 plans for the same beneficiary reach $402,000.
Minimum contributions:With lump-sum contributions, the minimum initial contribution is $25. With the automatic investment plan, the minimum contribution level is $25 per month.
Age-based investment options:The age-based portfolios are offered in 3 different risk levels: Aggressive, Moderate and Conservative. Contributions are placed into the portfolio corresponding to the selected risk level and the beneficiary's age. Over time, accounts move between one or more of the 8 portfolios that make up these tracks.View more age-based investment options
Static investment options:Select among 11 multi-fund portfolios, 12 American Century individual-fund options and the Cash and Cash Equivalent option.View more static investment options
Underlying investments:Mutual funds from American Century, T. Rowe Price, Principal Financial Group, and American BeaconView a full list of this plan's investment options
Underlying fund allocations:UNLOCK PRO
Portfolio Fees & Performance LookupUNLOCK PRO
Fees & Expenses
Enrollment or application fee:None, but contributions may be subject to a sales charge depending on share class.
Account maintenance fee:None.
Program management fees:0.20% manager fee (waived for the Cash and Cash Equivalent option) plus distribution/servicing fees of 0.25% (Class A); 1% (0.75% for the Cash and Cash Equivalent option)(Class C).
Expenses of the underlying investments:Ranges from 0.32% to 0.99% in the age-based and static portfolios and 0.09% to 1.36% in the individual fund portfolios (portfolio weighted averages).
Total asset-based expense ratio:Class A: 0.34% - 1.81%
Class C: 0.84% - 2.56%
Broker loads and commissions:UNLOCK PRO
Breakpoint pricing:UNLOCK PRO
Does breakpoint pricing include non-529 assets under rights of accumulation policiesUNLOCK PRO
Taxes and other Benefits
- Tax deduction for single filers$3,000/yr
- Tax deduction for joint filers$6,000/yr
Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.