529 News

Recent Plan News

Upcoming changes to the PA 529 Investment Plan include increased international exposure

(April 4, 2018) - Pennsylvania's 529 Investment Plan, which is available to residents of any state, will be making changes to its underlying investments, effective April 27, 2018. The plan will be adding new investment options that will provide an opportunity for account owners to diversify investments with international exposure, including offering the Vanguard Total International Bond Index Portfolio and increasing the international equity and bond allocations in multi-fund portfolios. The plan will also be adding seven new portfolios to its three Age-Based investment options.

South Carolina extends contract with Columbia Management to manage the state’s 529 program

(March 5, 2018) - The State of South Carolina and its program manager, Columbia Management Investment Distributors, Inc., have agreed to an extension of their contract through September 30, 2019 for the Future Scholar 529 College Savings Plan.

Oregon's direct-sold plan selects new program manager, among other enhancements

(February 21, 2018) - Upcoming changes to the Oregon College Savings Plan include a redesigned and mobile-friendly website, an enhanced gifting interface and additional outreach to support saving in underserved communities. The Plan will also be changing administrators to Sumday Administration, LLC, a division of BNY Mellon, and will offer new low-cost investment options and new target-date funds based on the year the beneficiary is expected to start college. These changes will be completed by the end of 2018. Starting January 1, 2018, accounts opened before a baby's first birthday will be automatically funded with $25.

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