Fees and Expenses

my529 fees are some of the lowest in the 529 industry.

my529’s asset-based fee structure has two parts

  • The Underlying Operating Expense Ratios of the underlying investments
  • The Administrative Asset Fee

Operating Expense Ratios

Vanguard and Dimensional:

Vanguard and Dimensional charge an Operating Expense Ratio for each underlying fund.

Depending on which investment option you select for your account, the Operating Expense Ratios range from:

Options Fee Range
Age-Based Investment Options 0.009 percent to 0.042 percent
($0.09 to $0.42 per $1,000 invested)
Static Investment Options 0.020 percent to 0.040 percent
($0.20 to $0.40 per $1,000 invested)
Customized Investment Options 0.020 percent to 0.393 percent
($0.20 to $3.93 per $1,000 invested)

 

(Operating Expense Ratio fees do not appear on your quarterly statements because Vanguard and Dimensional deduct them. The performance and market values of an account containing Vanguard or Dimensional underlying funds include the deduction of any underlying fund expense ratios.)

View the Vanguard and Dimensional Operating Expense Ratios.

Public Treasurers’ Investment Fund:

The Public Treasurers’ Investment Fund charges an underlying expense ratio of 0.005 percent, which my529 pays on behalf of the account owner. (my529 reserves the right to discontinue paying the underlying investment expense ratio on this fund after giving notice to account owners.)

FDIC-Insured Savings:

There is no underlying expense ratio assessed on FDIC-insured accounts.

Administrative Asset Fee

This annual fee is charged to your account by my529. It is assessed monthly on the balance of the account on the last business day of the month.

The fee ranges from 0.110 to 0.200 percent ($1.10 to $2 per $1,000 invested), depending on which age-based, static, or customized investment option you select for your account.

Options Fee Range
Age-Based Investment Options 0.160 percent
($1.60 per $1,000 invested)
Static Investment Options 0.110 percent and 0.160 percent
($1.10 to $1.60 per $1,000 invested)
Customized Investment Options 0.200 percent
($2 per $1,000 invested)

 

The fee is waived for Utah residents who invest in the Public Treasurers’ Investment Fund.

Determine the total fees on each account