General InformationDownload PDF Report
Vermont Higher Education Investment Plan
The Vermont Higher Education Investment Plan features age-based and static options from Vanguard and DFA. The plan also offers a TIAA-CREF life insurance product option.
- Program typeSavings
- State agencyVermont Student Assistance Corporation (VSAC)
- Tax deduction
- Program ManagerIntuition College Savings Solutions, LLC
- Program distributorVermont Student Assistance Corporation (VSAC)
- 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, UGMA/UTMA custodians, and legal entities.
Significant time or age restrictions imposed by the program:None
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:Accepts contributions until all account balances in Vermont's 529 plan for the same beneficiary reach $352,800.
Minimum contributions:$25, or $15 per pay period via payroll deduction.
Age-based investment options:The Managed Allocation Option contains 6 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age and later reassigned to more conservative portfolios as the beneficiary approaches college age.View more age-based investment options
Static investment options:Choose from among 5 multi-fund options (Diversified Equity Portfolio, Equity Index Portfolio, Balanced Portfolio, Fixed Income Portfolio, and the Principal Plus Interest Option).View more static investment options
Underlying investments:Mutual funds from TIAA, Vanguard, DFA, and the TIAA-CREF Life Insurance Company Funding Agreement.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.
Account maintenance fee:$10 annually, waived for accounts that have elected electronic delivery of all documents.
Program management fees:Plan management fee ranges from 0.25% - 0.29%; administrative fee of 0.05% for each portfolio.
Expenses of the underlying investments:0.05% to 0.09%.
Total asset-based expense ratio:0.39% for each portfolio; none for the Principal Plus Interest Option.
Taxes and other Benefits
- For single filers, 10% on up to $2,500/yr
- For joint filers, 10% on up to $5,000/yr
Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.