What are the fees on a 529 plan?
Savingforcollege.com’s 529 Fee Study — As of September 2021
| State | Direct-sold 529 plan name | Annual account fee |
|---|---|---|
| California | The ScholarShare College Savings Plan | $0 |
| Colorado | Direct Portfolio College Savings Plan | $20 |
| Connecticut | Connecticut Higher Education Trust (CHET) | $0 |
| Delaware | DE529 Education Savings Plan | $0 |
What state is Fidelity 529 plan?
state of New Hampshire
The Fidelity Advisor 529 Plan is sponsored by the state of New Hampshire and offers tax-advantaged savings that could help families save for higher education.
Does Fidelity charge fees for 529 plans?
What are the fees and expenses? There is no annual account fee or minimum required to open any of the Fidelity-managed 529 plan accounts. The fees charged are incorporated into the total expense ratio.
Why are 529 expense ratios higher?
The first reason is that 529 plans are run by the state, and states will sometimes hire an independent organization to handle administration, customer service and marketing. This, combined with the fact that 529 plans usually have a smaller asset base than most mutual funds, tends to result in a higher expense ratio.
Can you move 529 plans from state to state?
You can transfer a 529 plan from one state to another through a direct rollover from the old 529 plan to the new 529 plan. You can also transfer the 529 plan through a distribution-contribution combination.
How do I transfer my 529 to Fidelity?
Go to Fidelity.com/college or call 800-544-1914. Use this form to initiate a rollover or deposit of your 529 College Savings Plan, Coverdell education savings account, a qualified U.S. Savings Bond, or another 529 College Savings Plan (“529 plan”) to a 529 plan at Fidelity.
How much can I put into a 529 plan in Iowa?
There are no fees to open a College Savings Iowa 529 Plan account. You just need an initial investment of at least $25 to get started. How much can I invest? 529 account contribution limits are generally high—from $200,000 to $300,000 or more, depending on the state.
Is there an annual fee for a fidelity 529 plan?
There is no annual account fee or minimum required to open any of the Fidelity-managed 529 plan accounts. The fees charged are incorporated into the total expense ratio.
Can a 529 plan account be a custodial account?
At that point, you can invest the cash in an UGMA/UTMA (custodial) 529 plan account. An UGMA/UTMA 529 plan account will be subject to the rules for both types of accounts, including applicable UGMA/UTMA state statutes.
How to fund a 529 college savings plan?
Use the 529 college savings plan beneficiary change form (PDF). To fund your account online you’ll just need the account and routing numbers for the bank the money is coming from. Can I make contributions through direct deposit with my employer? If I do that, will my contributions be made pre-tax?