Fees drop for all investment options

my529’s mission is to provide the highest-quality 529 educational savings plan at the lowest-possible cost. my529 continued its efforts to make investing for education affordable by cutting annual Administrative Asset Fees for all investment options, effective July 1, 2019.

All my529 account owners will see a fee reduction. This is the third year in a row that my529 has reduced the Administrative Asset Fee.

The Administrative Asset Fee is assessed monthly on the balance of the account on the last business day of the month. The next assessment, which will reflect this fee change, will be July 31, 2019.

The Administrative Asset Fee for all four predetermined Age-Based investment options dropped from 0.140% to 0.130%. The fee of 0.130% is equivalent to $1.30 per $1,000 invested annually.

Most Static investment options saw a 3 basis point reduction to the Administrative Asset Fee from 0.160% to 0.130%, a savings of 30 cents per $1,000 invested.

Additionally, the asset fee for the static Fixed Income investment option decreased from 0.110% to 0.100%. The fee of 0.100% is equivalent to $1 per $1,000 invested annually.

Account owners within the Customized Age-Based and Customized Static options will see a decrease to 0.180%, or $1.80 per $1,000 invested, from 0.190%.