As the largest 529 plan in the country, Virginia529 is committed to distinguishing itself from other plans with best-in-class investment options and a thoughtful investment philosophy. That’s why for the second time in three years, the administrative fee for its highly rated Invest529 program has been lowered.
The cut, which reduces administrative fees for all Invest529 customers by 46 percent, is effective as of January 1, 2022. The reduction could potentially save customers millions of dollars, helping families accrue additional investment returns toward their education savings.
Invest529 is open to legal residents of any U.S. state and can be used at eligible educational institutions around the world. The minimum initial deposit is $10.
The program offers more than 20 investment options, including seven that evolve to more conservative investments as a student's anticipated high school graduation date approaches.
Invest529’s newest savings option, the Tuition Track Portfolio, is an exclusive option for Virginia residents that is designed to track the average tuition growth at four-year Virginia Public Institutions and protect families’ savings by avoiding market risk.
In less than a year, the Tuition Track Portfolio has resonated with savers, with families saving more than $45 million for higher education.
Learn more about Invest529 and open an account at today!