my529 publishes new Program Description
On July 11, 2019, my529 issued a new Program Description.
Your clients who are my529 account owners have either received a copy of the Program Description or an email with a link to a digital version of the new document.
Here is a brief summary of some of the changes and updates:
- Reduction of the Administrative Asset Fee for all investment options
- Elimination of the Public Treasurers’ Investment Fund investment option
- Increase of the Utah state income tax credit/deduction
- Update of year-end deadlines
For complete information, please read the Program Description.
my529 fully revises the Program Description every 12 to 18 months to inform account owners of any changes to the plan. Supplements are published as needed.