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 0.010 percent to 0.045 percent
($0.10 to $0.45 per $1,000 invested)
Static Investment Options 0.000 percent to 0.040 percent
($0.00 to $0.40 per $1,000 invested)
Customized Investment Options 0.000 percent to 0.375 percent
($0.00 to $3.75 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.

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 0.100 percent to 0.150 percent ($1 to $1.50 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 0.120 percent
($1.20 per $1,000 invested)
Static Investment Options 0.100 percent to 0.120 percent
($1 to $1.20 per $1,000 invested)
Customized Investment Options 0.150 percent
($1.50 per $1,000 invested)

 

Determine the total fees on each account