General InformationDownload PDF Report

MOST - Missouri's 529 Savings Plan (Direct-sold) logo

MOST - Missouri's 529 Savings Plan (Direct-sold)

Missouri's 529 Savings Plan (Direct-sold), managed by Ascensus College Savings, features three-age based options and 16 static portfolios with funds from Vanguard and Dimensional Fund Advisors. Accounts can be linked to the Upromise rewards service.

Our Ratingx

4.5 of 5

Fee Scorex

4.5 of 5

Performancex

3 of 5

  • Program typeSavings
  • Inception1999, but substantially changed in June 2006
  • State agency
    Missouri Higher Education Savings Program Board
  • Tax deduction
    Tax deduction for single filers $8,000/yr
    Tax deduction for joint filers $16,000/yr
  • Program Manager
    Ascensus College Savings
  • Program distributor
    Vanguard Marketing Corporation
  • Manager contract termUNLOCK PRO

Ratings & Rankings

Our overall rating for MO 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.

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.

Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.


3.88of 5

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.

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens who have a Social Security number or taxpayer identification number, UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:

None

Did you know?

  • MO residents can claim a tax deduction for contributions to a MO 529 plan.

    Contributions are deductible in computing state taxable income

  • 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.

MOST - Missouri's 529 Savings Plan (Direct-sold) logo

Contributions

Maximum contributions:

Accepts contributions until all account balances in Missouri's 529 plans for the same beneficiary reach $325,000.

Minimum contributions:

No minimum.

Investment Options

Age-based investment options:

The Age-Based option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.View more age-based investment options

Static investment options:

Select among 6 multi-fund portfolios and 10 individual-fund portfolios.View more static investment options

Underlying investments:

Vanguard and Dimensional Fund Advisors funds.View a full list of this plan's investment options

Underlying fund allocations:

UNLOCK PRO

Portfolio Fees & Performance Lookup

UNLOCK PRO

Fees & Expenses

Enrollment or application fee:

None

Account maintenance fee:

None

Program management fees:

0.15% - 0.21%

Expenses of the underlying investments:

0.02% - 0.37%

Total asset-based expense ratio:

0.23% - 0.57%

Taxes and other Benefits

  • Tax deduction for single filers$8,000/yr
  • Tax deduction for joint filers$16,000/yr

Example

Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.

Program match on contributions:

The MOST Matching Grant Program has been discontinued.

State tax deduction or credit for contributions:

Contributions to Missouri AND non-Missouri 529 plans of up to $8,000 per year by an individual, and up to $16,000 per year by a married couple filing jointly, are deductible in computing Missouri taxable income. Only contributions made by the account owner are deductible, except for spouses filing a joint return. Rollover contributions are not deductible. Contribution deadline is December 31 postmark.

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Missouri taxable income to the extent of prior Missouri tax deductions.

State definition of qualified expenses

The state conforms with the federal definition of qualified education expenses, which includes expenses for higher education, as well as up to $10,000 per year in tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school.

State tax treatment of qualified distributions:

Qualified distributions from Missouri and non-Missouri 529 plans are exempt.

State tax treatment of rollovers:

Missouri follows federal tax-free treatment for rollovers.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

Yes

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Does the program have a formal agreement with a rewards program or outside scholarship program?

Yes, the Upromise Rewards program can be linked to any 529 college savings plan. Upromise Rewards is free to join and offers members cash back for college.

Upromise Helps Families Save for College

Upromise Helps Families Save for College

Statutory protection of an account from creditors:

UNLOCK PRO

Did you know?

  • 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.

MOST - Missouri's 529 Savings Plan (Direct-sold) logo

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

Yes

Documents and other services accessible or downloadable on the program's public Web site:

UNLOCK PRO

Contact

Telephone:

1-888-414-6678

Start saving for your child's future today


Step 1

Click the blue Enroll Now button to the right

Step 2

Complete the online application and make your first deposit

MOST - Missouri's 529 Savings Plan (Direct-sold) logo