3 / 5
Our rating
WA resident benefits
WA529 Invest is Washington's direct-sold 529 college savings plan that helps families save for future higher education expenses. WA529 Invest opened in 2018 as "DreamAhead", and since then, over 20,000 students have taken distributions of $635.5 million in benefits to help pay for qualified higher education expenses at colleges, universities, and technical schools nationwide.
Scores for each ratings category
1.83 / 5
Performance
4.06 / 5
Ease of Use
3.28 / 5
Savings Success
3.44 / 5
Program Delivery
Program type
Inception
State agency
Tax deduction
For single filers: None
For joint filers: None
Program manager
Program distributor
Manager contract term
State residency requirements:
Who can be a participant/owner in the program?
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.
Maximum contributions:
Minimum contributions:
Does the program offer an e-gifting platform for receiving gift contributions?
Investors in WA529 Invest Education Savings Plan can select from the following investment options. Click on a portfolio name for more information.
Portfolio | E.R. | % Equity | 1yr performance |
---|---|---|---|
2042/2043 Enrollment Portfolio | 0.25% | 90% | N/A |
2040/2041 Enrollment Portfolio | 0.25% | 85% | N/A |
2038/2039 Enrollment Portfolio | 0.25% | 80% | N/A |
2036/2037 Enrollment Portfolio | 0.25% | 70% | N/A |
2034/2035 Enrollment Portfolio | 0.25% | 60% | N/A |
2032/2033 Enrollment Portfolio | 0.25% | 50% | N/A |
2030/2031 Enrollment Portfolio | 0.24% | 40% | N/A |
2028/2029 Enrollment Portfolio | 0.23% | 35% | N/A |
2026/2027 Enrollment Portfolio | 0.22% | 25% | N/A |
Enrolled Portfolio | 0.21% | 15% | N/A |
Age-based/Enrollment Year investment options:
Static investment options:
Underlying investments:
Underlying fund allocations:
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Tax deduction for single filers:
Tax deduction for joint filers:
Note:
Program match on contributions:
State tax deduction or credit for contributions:
State tax recapture provisions:
State definition of qualified expenses
Is there a rewards program or outside scholarship program that works with this program?
Statutory protection of an account from creditors:
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.
To whom are distributions made payable:
Policy regarding participant/owner changes:
Does participant have online password-protected access to account?
Can the complete enrollment process including funding be done online?
Documents and other services accessible or downloadable on the program's public Web site:
Website:
Telephone:
Social Media
Complete the online application and make your first deposit
A good place to start:
WA529 Invest Education Savings Plan
3 / 5
Our rating
WA resident benefits
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Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.