my529 lowers Administrative Asset Fee again
my529 has cut its fees again.
Effective August 1, 2018, the annual Administrative Asset Fee my529 charges on all predetermined Age-Based accounts was lowered to 0.14 percent, or $1.40 per $1,000 invested. Previously, the fee was 0.16 percent, or $1.60 per $1,000 invested. This represents a 12.5 percent reduction in the fee.
The cut follows reductions made in 2017.
Also, the Administrative Asset Fee charged on Customized Age-Based and Customized Static accounts was lowered to 0.19 percent, or $1.90 per $1,000 invested, from 0.20 percent, or $2.00 per $1,000 invested. This represents a 5 percent reduction in the fee.