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CollegeAccess 529 (Advisor-sold)
The South Dakota CollegeAccess 529 advisor-sold only plan offers age-based, static asset allocation, and individual fund portfolio options utilizing a large array of investment managers including Allianz Global Investors U.S., DFA, Dodge & Cox, Dreyfus/The Boston Co., Metropolitan West, Morgan Stanley, PIMCO, TIAA and Voya. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- State agencySouth Dakota Investment Council
- Tax deduction
- Program ManagerAllianz Global Investors Distributors LLC
- Program distributorAllianz Global Investors Distributors LLC
- Manager contract termUNLOCK PRO
Ratings & Rankings
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.
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 at least 18 years old (individually or as joint owners), UGMA/UTMA custodians, and legal entities.
Significant time or age restrictions imposed by the program:None
Maximum contributions:Accepts contributions until all account balances in South Dakota's 529 plan for the same beneficiary reach $350,000.
Minimum contributions:With lump-sum contributions, the minimum initial contribution is $1,000 ($250 per investment option), and the minimum subsequent contribution is $50 per investment option. With the automatic investment plan, the minimum initial contribution is $250 and the minimum subsequent contribution level is $50 per month.
Age-based investment options:The Age-Based Option consists of 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary or the anticipated years to matriculation, and later reassigned to more conservative portfolios as the beneficiary approaches college age.View more age-based investment options
Static investment options:Select among 3 multi-fund portfolios (Diversified Equity, Diversified Bond, and Ultrashort Bond) and 12 individual fund portfolios.View more static investment options
Underlying investments:Mutual funds managed by Allianz, DFA, Dodge & Cox, Dreyfus/The Boston Co., Metropolitan West, Morgan Stanley, PIMCO, TIAA and Voya.View 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:$5 per quarter for accounts with less than $20,000. The fee is waived for participants with an automatic investment plan, accounts where a common owner has accounts aggregating over $50,000 of value, and for South Dakota residents.
Program management fees:0.25% manager fee (waived for SD residents), plus distribution/servicing fees of 0.35% (Classes A and SD-A), 1.10% (Class C), or 1.00% (Class SD-C). Distribution/servicing fees for PIMCO Short Asset Investment & Ultrashort Bond portfolios: 0.10% (Class A and SD-A), 0.85% (Class C), or 0.75% (Class SD-C).
Expenses of the underlying investments:Ranges from 0.46% to 0.54% (portfolio weighted average) in the age-based, 0.41% to 0.46% in the static multi-fund portfolios, and 0.29% to 0.93% in the individual-fund portfolios.
Total asset-based expense ratio:Class A: 0.64% - 1.53%
Class C: 0.64% - 2.28%
Class SD-A: 0.39% - 1.28%
Class SD-C: 0.39% - 2.03%
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 filersNone
- Tax deduction for joint filersNone
South Dakota doesn't offer tax deductions