General InformationDownload PDF Report
DreamAhead College Investment Plan
The DreamAhead College Investment Plan is sponsored and distributed by the Washington Student Achievement Council. Sumday Administration, LLC, a BNY Mellon Company, provides program management, recordkeeping and administrative support services. Investment options include year of enrollment portfolios and static investment portfolios.
Our Ratingix
Fee Scoreix
Performanceix
- Program typeSavings
- Inception2018
- State agencyWashington Student Achievement Council
- Tax deduction
- Program ManagerSumday Administration, LLC
- Program distributorCommittee on Advanced Tuition Payment and College Savings
- Manager contract termUNLOCK PRO
Ratings & Rankings
Our overall rating for WA residents
This is a recent program and does not yet have a 5-Cap Rating assigned.
Our overall rating for non-residents
This is a recent program and does not yet have a 5-Cap Rating assigned.
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.
Eligibility
State residency requirements:
NoneWho can be a participant/owner in the program?
U.S. citizens and resident aliens of legal age, UGMA/UTMA custodians, and legal entities.Did you know?
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.
Contributions
Maximum contributions:
Accepts contributions until all account balances in Washington's tuition programs for the same beneficiary reach $500,000.Minimum contributions:
Initial contribution of $25 per portfolio; $5 per portfolio thereafterInvestment Options
Age-based investment options:
The Year of Enrollment Option is offered in 3 risk levels (Conservative, Moderate, or Growth), each containing 10 portfolios of underlying mutual funds. Year of Enrollment Portfolios are designed to evolve over time to transition from a heavier allocation to underlying funds that invest in equities (stocks) in earlier years to a more conservative underlying funds that invest in fixed income (bonds) and money market instruments (cash preservation) as the beneficiary approaches college age.View more age-based investment optionsStatic investment options:
Select among seven static investment options.View more static investment optionsUnderlying investments:
Fidelity, JPMorgan, Schwab, VanguardView a full list of this plan's investment optionsUnderlying fund allocations:
UNLOCK PROFees & Expenses
Enrollment or application fee:
NoneAccount maintenance fee:
$35 annuallyProgram management fees:
0.12% manager fee and a 0.10% administrative fee to the stateExpenses of the underlying investments:
Ranges from 0.064% to 0.135% (portfolio weighted average) in the enrollment based portfolios, and 0.056% to 0.18% in the static portfoliosTotal asset-based expense ratio:
0.266% to 0.4%Taxes and other Benefits
- Tax deduction for single filersNone
- Tax deduction for joint filersNone
Note
Washington doesn't offer tax deductions
Program match on contributions:
NoneState tax deduction or credit for contributions:
Not applicable. Washington 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.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
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.
Distributions & Terminations
To whom are distributions made payable:
Eligible educational institution, beneficiary, 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?
YesCan the complete enrollment process including funding be done online?
YesDocuments and other services accessible or downloadable on the program's public Web site:
UNLOCK PROPlan News
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