Frequently Asked Questions

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What is the purpose of the my529 incentiFive Program?

The my529 incentiFive Program is designed to help Utah families establish an education savings habit by awarding incentive contributions to a my529 account for the first five years of their child’s life.

Who can participate in the incentiFive Program?

To participate, you must be a Utah resident, at least 18 years old, and the parent of a child (the incentiFive Beneficiary) who qualifies for the program. The Beneficiary must be a U.S. resident and born between September 1, 2025, and August 31, 2026.

What are the benefits of the incentiFive Program?

Families can receive ongoing incentive contributions for up to five years so long as they meet their minimum annual contribution requirement of $100 each year. This schedule can result in a total of $929 in incentive contributions from my529 over five years if all conditions are met.

How do I sign up for the incentiFive Program?

You can get started signing up for the my529 incentiFive Program by visiting my529.org/incentiFive. There, you can link an existing my529 individual account for your eligible beneficiary or you can sign up for a new individual account through the incentiFive portal.

Make sure to read the Terms and Conditions prior to participation.

What are the key dates for 2026 participation?

– Sign-up period: January 1, 2026, to December 31, 2026

– Contribution period: January 1, 2026, to December 31, 2026.

– Eligible birth dates for beneficiaries: September 1, 2025, to August 31, 2026.

Beneficiary Eligibility	Sign Up and Contribution Period
Born September 1, 2025, to August 31, 2026	January 1, 2026, to December 31, 2026

What are the requirements for contributions?

You must contribute at least $100 to the incentiFive Beneficiary’s my529 Account each year to qualify for the incentive contribution. If this requirement is met, you will receive $100 each year for the first four years and a final contribution of $529 in the fifth year, totaling $929.

incentiFive Program
Year	Minimum Contribution Requirement by December 31 (annually)	my529 Incentive Contribution
2026	$100	$100
2027	$100	$100
2028	$100	$100
2029	$100	$100
2030	$100	$529

Can contributions come from other sources?

Yes! Friends and family can contribute through my529’s gifting platform, and employer contributions or rollovers from another 529 account are also permitted. All contributions to a my529 account, regardless of the source, counts toward the minimal annual cumulative contribution limit.

What happens if I miss a contribution?

If you miss your minimum cumulative annual contribution of $100 for any year of the program, you will not be eligible for the $100 incentive contribution for that year. You will remain in the program, but you will only be eligible for a $100 incentive in the fifth year, instead of the full $529.

Can I change my investment options in the my529 Account?

Yes, you can change your investment options according to regular my529 guidelines. However, certain actions like making withdrawals or changing the beneficiary will disqualify you from the incentiFive Program.

Are there tax advantages associated with the my529 Account?

Yes, my529 accounts offer various tax advantages. For more details, please refer to the my529 Program Description.

Can I be disqualified from incentiFive participation?

incentiFive Account Owners who make a withdrawal (whether qualified or nonqualified); transfer funds; close their my529 Account; change the beneficiary from the incentiFive Beneficiary; or rollover into a non-my529 account during program participation are immediately disqualified from further participation in the incentiFive Program and will not receive future incentive contributions or any other program incentives.

Can the program be terminated?

Yes, my529 retains the discretion to terminate the incentiFive Program at any time and for any reason.

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Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that that includes FDIC-insured accounts as an underlying investments. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. A Morningstar Analyst Rating™ 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.

my529 does not pay commissions, loads or sales charges to financial advisors nor does it endorse financial advisors.

Information on this website is believed to be accurate when posted and is qualified in its entirety by the Program Description.