my529 fees are some of the lowest in the 529 industry.
my529’s asset-based fee structure has two parts:
- The Underlying Fund Expenses of the underlying investments
- The my529 Administrative Asset Fee
Added together, the Underlying Fund Expense of each underlying investment and the my529 Administrative Asset Fee make up the total annual asset-based fee for your client’s my529 account.
The combined total annual asset-based fee ranges from:
| Options | Fee Range |
|---|---|
| Enrollment Date Investment Options | 0.141 percent to 0.147 percent |
| Static Investment Options | 0.110 percent to 0.222 percent |
| Customized Investment Options | 0.140 percent to 0.493 percent |
Underlying Fund Expenses
Vanguard and Dimensional charge an Underlying Fund Expense for each underlying fund.
Depending on which investment option your client selects for his or her account, the fund expenses range from:
| Options | Fee Range |
|---|---|
| Enrollment Date Investment Options | 0.031 percent to 0.037 percent |
| Static Investment Options | 0.000 percent to 0.112 percent |
| Customized Investment Options | 0.000 percent to 0.353 percent |
The Underlying Fund Expenses do not appear on your clients’ quarterly statements because Vanguard and Dimensional deduct them from the applicable underlying fund. The performance and market values of an account containing Vanguard or Dimensional include the deduction of any fund expenses.
View the Vanguard and Dimensional Underlying Fund Expenses.
There is no Underlying Fund Expense assessed on FDIC-insured accounts.
Administrative Asset Fee
The Administrative Asset Fee is an annual fee charged by my529 against your client’s account.
The Administrative Asset Fee is 0.100 percent to 0.140 percent, depending on which Enrollment Date, Static, or Customized investment option your client selects for his or her account:
| Options | Fee Range |
|---|---|
| Enrollment Date Investment Options | 0.110 percent |
| Static Investment Options | 0.100 percent to 0.110 percent |
| Customized Investment Options | 0.140 percent |
Determine the total fees on each account by clicking:
You can also compare the approximate cost of investing in my529 over different periods of time by clicking on the my529 Approximate Cost of $10,000 Investment Table.
The my529 Professional Services Team stands ready to help you.
Phone: 888.529.1886 | Fax: 888.529.9197 | advisorinfo@my529.org