Plan Highlights

  • Low fees that are on par with the top-rated plans in the nation.
  • 14 self-selecting investment options and an aged-based option covering a wide array of investment strategies.
  • Federal tax-free earnings if the money is used for higher education expenses.
  • Availability to anyone regardless of income level. Parents, grandparents, aunts, uncles, and friends can open accounts on behalf of children.
  • Contributions qualify for a $14,000 annual federal gift tax exclusion. Also, a lump sum of $70,000 may be contributed to a 529 plan and treated as if it were made over a five-year period to completely avoid the federal gift tax.
  • Plan contributions aren’t considered to be a part of an estate for federal tax purposes. Account owners still retain control of the accounts, but do not pay federal estate taxes on the value of the accounts. But if a gift is spread over five years and the account owner passes away within the five years, a portion of the gift will be included in the estate.
  • Quality customer service