General InformationDownload PDF Report
TNStars College Savings 529 Program
The TNStars College Savings 529 Program is administered by the Tennessee Treasury Department. It features an age-based option, individual investment options with underlying funds from a range of fund companies including Vanguard, DFA, and Primecap, and an interest bearing account option with First Tennessee Bank.
- Program typeSavings
- State agencyState of Tennessee Department of Treasury and the Baccalaureate Education System Trust Board of Trustees
- Tax deduction
- Program ManagerState of Tennessee Department of Treasury
- Program distributorNot applicable.
- 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 legal residents at least 18 years old, UGMA/UTMA custodians, and legal entities.
Significant time or age restrictions imposed by the program:Any contribution made to an account must be on the account for 21 days before it can be withdrawn.
Alternative 529 Plans
Other great plans to consider
You are not limited to opening your own state's 529 plan, so shop around. Here are some highly rated options to consider:
Maximum contributions:$350,000 including all accounts in the program and any accounts in Tennessee's BEST Prepaid Program held for the same beneficiary
Minimum contributions:The minimum initial or subsequent contribution to an account for each investment option is $25. Once an initial contribution is made to the account, there are no required subsequent contributions.
Age-based investment options:An age-based option offers five age bands. Contributions are placed into the portfolio corresponding to the beneficiary's age and automatically shift to a more conservative portfolio over time.View more age-based investment options
Static investment options:Select among 12 individual options investing in Vanguard, DFA, or Primecap funds, or an interest bearing account option with First Tennessee Bank National Association.View more static investment options
Underlying investments:Vanguard and DFA in the age-based option; Vanguard, DFA, and Primecap in the individual optionsView 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
Account maintenance fee:None
Program management fees:0.00% - 0.315%
Expenses of the underlying investments:Ranges from 0.04% to 0.27% in the age-based option; 0.04% to 0.64% in the individual options; none for the interest bearing account.
Total asset-based expense ratio:Capped at 0.35% due to state subsidy, none for the interest bearing account.
Taxes and other Benefits
- Tax deduction for single filersNone
- Tax deduction for joint filersNone
Tennessee doesn't offer tax deductions