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Fidelity Advisor 529 Plan

In addition to its direct-sold 529 plans, Fidelity offers Fidelity Advisor 529 Plan through brokers, utilizing Fidelity Advisor funds in its age-based, static, and individual fund portfolio options. To find a financial advisor in your area, use the Directory of Financial Professionals.

Our Ratingx

3.5 of 5

Fee Scorex

3.5 of 5

Performancex

3 of 5

  • Program typeSavings
  • Inception2001
  • State agency
    State Treasurer
  • Tax deduction
    Tax deduction for single filers None
    Tax deduction for joint filers None
  • Program Manager
    Fidelity Investments
  • Program distributor
    Fidelity Investments Institutional Services Company, Inc.
  • Manager contract termUNLOCK PRO

Ratings & Rankings

Our overall rating for NH residents

This is a very good program that offers valuable benefits but may have some limitations or concerns that investors need to know.

Our overall rating for non-residents

This is a very good program that offers valuable benefits but may have some limitations or concerns that investors need to know.

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.


2.85of 5
top-ten

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. residents, UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in New Hampshire's 529 plans for the same beneficiary reach $500,000.

Minimum contributions:

With lump-sum contributions, the minimum initial contribution is $1,000, with no minimum for subsequent investments. With the automatic investment plan, the minimum contribution level is $50 per month.

Investment Options

Age-based investment options:

The Age-Based Strategy contains 8 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary or as determined by the account owner. 7 portfolios shift to a more conservative investment allocation over time, eventually transferring to the College portfolio.View more age-based investment options

Static investment options:

Select among 2 multi-fund portfolios (Aggressive Growth (formerly 100% Equity) and Moderate Growth (formerly 70% Equity)) and 17 individual-fund portfolios.View more static investment options

Underlying investments:

Fidelity Advisor Funds and Fidelity Cash Reserves.View a full list of this plan's investment options

Underlying fund allocations:

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Portfolio Fees & Performance Lookup

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Fees & Expenses

Enrollment or application fee:

None, but contributions may be subject to a sales charge depending on unit class.

Account maintenance fee:

$20 annually for accounts with less than $25,000, waived with automatic contributions of at least $50 per month of $150 per quarter.

Program management fees:

0.20% management fee (includes 0.10% fee to the state), plus distribution/servicing fees as follows:

Fixed income, individual-fund portfolios: 0.15% (Class A), 1.00% (Class C), or 0.75% (Class P)

All other portfolios: 0.25% (Class A), 1.00% (Class C), or 0.75% (Class P)

Expenses of the underlying investments:

Ranges from 0.55% to 0.84% (portfolio weighted average) in the age-based and static multi-fund portfolios, and from 0.37% to 0.99% in the individual-fund portfolios.

Total asset-based expense ratio:

Class A: 0.82% - 1.44%
Class C: 1.57% - 2.18%
Class P: 1.32% - 1.94%

Broker loads and commissions:

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Breakpoint pricing:

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Does breakpoint pricing include non-529 assets under rights of accumulation policies

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Taxes and other Benefits

  • Tax deduction for single filersNone
  • Tax deduction for joint filersNone

Note

New Hampshire doesn't offer tax deductions

Program match on contributions:

None.

State tax deduction or credit for contributions:

Not applicable. New Hampshire does not have a personal income tax.

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:

Not applicable. New Hampshire does not have a personal income tax. Qualified distributions from New Hampshire and non-New Hampshire 529 plans are exempt from New Hampshire interest and dividends tax.

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

No

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, Fidelity Rewards Visa Signature Card rebates 2% of purchases.

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:

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Distributions & Terminations

To whom are distributions made payable:

Beneficiary, eligible educational institution, or other distributee including the account owner

Account Changes

Policy regarding participant/owner changes:

Account ownership may not be transferred prior to the owner's death or incapacity.

Documents, Access & Reporting

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

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Contact

Website:

https://institutional.fidelity.com/app/item/RD_13569_14599/fidelity-advisor-529-plan.html?pos=T

Telephone:

1-877-208-0098

Telephone for broker use:

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