Fee drop

my529 always looks for ways to provide the highest-quality 529 educational savings plan at the lowest possible cost. To that end, my529 is reducing its Administrative Asset Fees by one basis point for all but one of our investment options, effective July 1, 2023. This fee reduction will benefit 99% of my529 accounts.

The Administrative Asset Fee for all Target Enrollment Date and Static investment options is now 0.100%, or $1.00 per $1,000 annual investment, while Customized portfolios are now 0.130%, or $1.30 per $1,000 annual investment.

The Administrative Asset Fee for the Fixed Income Static investment option remains at 0.100% ($1.00 per $1,000 invested annually).

This is the ninth time in 11 years that my529 has reduced its fees, demonstrating a commitment to low fees for account owners. my529’s fees are among the lowest in the industry, and it is one reason why Morningstar consistently gives my529 the Analyst’s Rating^TM of Gold.

my529 charges the Administrative Asset Fee to pay its operating expenses. The Administrative Asset Fee is added to the Underlying Fund Expense to make up the Asset-Based Fee, the total price you pay for investing in an option.

Due to the reduction, the fee tables in the May 2023 Supplement to the February 2023 Program Description are now obsolete. Please refer to my529.org for the most up-to-date information about the new, lower fees. 

A Morningstar Analyst Rating^TM for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.

The Administrative Asset Fee for all Target Enrollment Date and Static investment options is now 0.100%, or $1.00 per $1,000 annual investment, while Customized portfolios are now 0.130%, or $1.30 per $1,000 annual investment.