Voya, under contract with TIAA-CREF Tuition Financing, Inc., manages Wisconsin's Tomorrow's Scholar® 529 savings program. Voya succeeded Wells Fargo as program manager in late October 2012. The revised program features nine age-based options, five static allocation options, and 17 single fund options investing in Voya mutual funds and other mutual funds managed by Baillie Gifford Overseas Limited; BlackRock Financial Management, Inc.; Brandywine Global Investment Management, LLC; LLC; Delaware Investments Fund Advisers and Macquarie Investment Management Global Limited (together, "DIFA"); Northern Trust Investments, Inc.; Polaris Capital Management, LLC; Victory Capital Management Inc; Voya Investment Management Co. LLC; Wellington Management Company LLP; BlackRock (Singapore) Limited Invesco Advisers, Inc.; T. Rowe Price Associates, Inc.; Teachers Advisors, LLC.; Sustainable Growth Advisers, LP; CBRE Investment Management Listed Real Assets, LLC; Lazard Asset Management LLC To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- Inception2001, but substantially changed in 2012
- State agencyWisconsin College Savings Program Board
- Tax deduction
- Program ManagerVoya (Voya Investments Distributor, LLC and Voya Funds Services, LLC)
- Program distributorVoya Investments Distributor, LLC
Eligibility
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
Contributions
Maximum contributions:
Minimum contributions:
Does the program offer an e-gifting platform for receiving gift contributions?
Investment Options
Age-based/Enrollment Year investment options:
View more age-based investment optionsStatic investment options:
View more static investment optionsUnderlying investments:
View a full list of this plan’s investment optionsUnderlying fund allocations:
Portfolio Fees & Performance Lookup
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Fees & Expenses
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Broker loads and commissions:
Breakpoint pricing:
Does breakpoint pricing include non-529 assets under rights of accumulation policies
Taxes and other Benefits
- Tax deduction for single filers$5,000/yr
- Tax deduction for joint filers$5,000/yr
Example
Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.
Program match on contributions:
State tax deduction or credit for contributions:
State tax recapture provisions:
State definition of qualified expenses
State tax treatment of rollovers:
Does the sponsoring state exclude the value of an account for state financial aid purposes?
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
Upromise Helps Families Save for College
Statutory protection of an account from creditors:
Distributions & Terminations
To whom are distributions made payable:
Account Changes
Policy regarding participant/owner changes:
Documents, Access & Reporting
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:
Contact
Website:
Telephone:
Telephone for broker use:
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