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 deductionTax deduction for single filers NoneTax deduction for joint filers None
- 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.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
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