my529 reduces Administrative Asset Fee for all investment options
my529 reduced the Administrative Asset Fee by one basis point for all investment options, effective July 1, 2026. The fee reduction benefits all my529 accounts.
Based on assets invested in my529’s investment options as of July 1, 2026, cumulative savings in the coming year are estimated to be about $3.2 million — savings account owners can use toward qualified education expenses.
The Administrative Asset Fee for all Target Enrollment Date, Static and Customized investment options will drop to 0.080%, or $0.80 per $1,000 annual investment. Previously, the Administrative Asset Fee was 0.090%.
my529 is committed to keeping Utah’s plan low cost for account owners, with this fee reduction being the 13th time in 15 years that my529 has lowered fees. my529’s total fees are among the lowest in the industry, and those low fees are one reason Morningstar has consistently awarded my529 its top rating for 15 years straight.
Since the beginning of 2026, my529 has reduced the Administration Asset Fees twice for the Customized investment options, for a total of 3 basis points.
Please refer to my529.org for current fee information. my529 issued a supplement to the Program Description dated September 1, 2026, that includes the updated fee tables.
Contact the Relationship Management team at advisorinfo@my529.org if you would like to talk through these changes or if you would like to evaluate a Customized investment option template for your clients.
A Morningstar Analyst RatingTM 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. Analyst ratings are based on Morningstar analysts’ current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. 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.
From the FAN — Summer 2026
