my529 lowers most administrative fees

my529 is cutting the annual Administrative Asset Fee on its Age-Based and Customized investment options, effective August 1, 2018.

The Administrative Asset Fee charged on the four predetermined Age-Based investment options will be lowered to 0.14 percent, or $1.40 per $1,000 invested, from 0.16 percent, or $1.60 per $1,000 invested.

The cut follows reductions made in 2017.

The fee charged on the Customized Age-Based and Customized Static investment options will be reduced to 0.19 percent, or $1.90 per $1,000 invested, from 0.20 percent, or $2.00 per $1,000 invested.