my529 fees are some of the lowest in the 529 industry.
my529’s Asset-Based Fee structure has two parts:
- The Underlying Fund Expenses of the underlying investments.
- The my529 Administrative Asset Fee, which pays for operating expenses.
Together these make up the total annual Asset-Based Fee for your my529 account.
Underlying Fee Expense
Vanguard, Dimensional, and PIMCO charge an Underlying Fund Expense for each underlying fund. Depending on which investment option you select for your account, the Underlying Fund Expenses range from:
|Enrollment Date Investment Options||0.031% to 0.037%|
($0.31 to $0.37 per $1,000 invested)
|Static Investment Options||0.000% to 0.111%|
($0.00 to $1.11 per $1,000 invested)
|Customized Investment Options||0.000% to 0.323%|
($0.00 to $3.23 per $1,000 invested)
Underlying Fund Expenses are accrued and deducted from the applicable underlying funds’ NAV by Vanguard, Dimensional and PIMCO and do not appear on my529 quarterly account statements. View theVanguard, Dimensional and PIMCO Underlying Fund Expenses.
There is no Underlying Fund Expense assessed on FDIC-insured accounts.
Administrative Asset Fee
This annual fee is charged to your account by my529. The Administrative Asset Fee accrues daily and is reflected in the NAV for each investment option and each underlying investment offered within Customized investment options.
The fee ranges from 0.100 percent to 0.140 percent ($1 to $1.40 per $1,000 invested), depending on which Enrollment Date, Static, or Customized investment option you select for your account.
|Enrollment Date Investment Options||0.110 percent|
($1.10 per $1,000 invested)
|Static Investment Options||0.100 percent to 0.110 percent|
($1 to $1.10 per $1,000 invested)
|Customized Investment Options||0.140 percent|
($1.40 per $1,000 invested)
The total annual Asset-Based Fee depends on the investment option you choose. Below are the ranges in our option groups. Note: A fee of 0.141 percent would equal an annual fee of $1.41 per $1,000 invested.)
|Enrollment Date Investment Options||0.141 percent to 0.147 percent|
|Static Investment Options||0.110 percent to 0.221 percent|
|Customized Investment Options||0.140 percent to 0.463 percent|