Picking the best 529 plan for your loved one is a big decision that could ultimately determine their level of student debt, so it’s important to know your options before deciding. To make that decision easier, the team at Sootchy has laid out the various college savings plans at your disposal and provided some details that can help distinguish one plan from another. Continue reading for more on how to navigate this guide and to find out what each state has in store.
The list below encompasses every 529 education savings plan and prepaid tuition plan the states have to offer, but it does not cover ABLE accounts – also known as 529A accounts – which are generally handled separately from the other two types of 529 plans. ABLE accounts are used to help Americans with disabilities cover a variety of costs, including education-related expenses, healthcare costs, housing and other essentials.
In an effort to highlight the differences between the various 529 plans out there – and, hopefully, help you find the one that’s right for you – the Sootchy team has broken down the details of each plan into the following categories:
Plan Type: The first category simply states whether the entry is an education savings plan or prepaid tuition plan.
Direct- or Advisor-Sold: Some plans are available directly from the state that administers them, while others are handled by financial advisors. Direct-sold plans tend to have lower fees, while advisor-sold plans offer benefits like professional investment advice in return for higher costs.
Plan Manager: This category specifies the business entity that manages investments for a particular plan.
Residency Requirement: Most 529 plans are open to residents of every state, but a few limit enrollment to local residents – typically prepaid tuition plans.
Minimum Contributions: Some 529 plans require contributions to meet a certain dollar threshold or be deposited at regular intervals.
Maximum Contributions: Each plan has a rule preventing contributions after an account has grown past a certain balance.
Age-Based Investment Options: Investment options – usually sorted by level of risk – that shift from more aggressive investments when the beneficiary is young to more conservative ones as college approaches.
Static Investment Options: Investment options that are set by the account owner and remain constant until the owner makes a change.
State Taxation: Most states exempt qualified distributions from 529 plans when calculating state income tax, but a few do not.
Credit or Deduction: Many states offer income tax deductions or credits for contributions to a 529 plan, though they also impose their own restrictions.
Total Fees: The amount you’re charged for a 529 plan can change based on asset allocation and a variety of other factors, potentially limiting your earnings in the process. We give the full range of possible fees with a given plan, from the absolute lowest to the very highest.
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Union Bank & Trust Company – UBT 529 Services
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $475,000 per beneficiary
Age-Based Investment Options: Three categories (Aggressive, Conservative, and Moderate) with nine portfolios per category
Static Investment Options: Six multi-fund and 26 individual-fund portfolios
State Taxation: Only Alabama plans are exempt from state income tax.
Credit or Deduction: Deduction of up to $5,000 per person for contributions to an Alabama plan
Total Fees: 0.17% – 0.8%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Union Bank & Trust Company – UBT 529 Services
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $475,000 per beneficiary
Age-Based Investment Options: Three categories (Aggressive, Conservative, and Moderate) with nine portfolios per category
Static Investment Options: Six multi-fund and 24 individual-fund portfolios
State Taxation: Only Alabama plans are exempt from state income tax.
Credit or Deduction: Deduction of up to $5,000 per person for contributions to an Alabama plan
Total Fees: 0.21% – 1.73%; $12 annual fee for non-Alabama residents
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: T. Rowe Price Associates, Inc.
Residency Requirement: None
Minimum Contributions: $25, both initially and subsequently
Maximum Contributions: $475,000
Age-Based Investment Options: Eight portfolios ranging from 20% equity to 80% equity
Static Investment Options: Six portfolios, including the University of Alaska portfolio, which guarantees returns equal to the rate of tuition increases for future UA students
State Taxation: None, as Alaska has no income tax for individuals
Credit or Deduction: None, for the above reason
Total Fees: 0.28% – 0.69%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: T. Rowe Price Associates, Inc.
Residency Requirement: None
Minimum Contributions: $250 initially, $50 for subsequent contributions
Maximum Contributions: $475,000
Age-Based Investment Options: Eight portfolios ranging from 20% equity to 80% equity
Static Investment Options: Five portfolios; University of Alaska portfolio not available
State Taxation: None, as Alaska has no income tax for individuals
Credit or Deduction: None, for the above reason
Total Fees: 0.35% – 0.69%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: T. Rowe Price Associates, Inc.
Residency Requirement: None
Minimum Contributions: $250 per portfolio initially, $50 per portfolio subsequently
Maximum Contributions: $475,000
Age-Based Investment Options: Six portfolios ranging from 20% equity to 80% equity
Static Investment Options: 16 portfolios
State Taxation: None, as Alaska has no income tax for individuals
Credit or Deduction: None, for the above reason
Total Fees: 0.64% - 2.23%; $15 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: NexBank – College Savings Bank
Residency Requirement: None
Minimum Contributions: $250 initially, then $25 per month (per pay period if you opt for automatic payroll deductions)
Maximum Contributions: $505,000
Age-Based Investment Options: None
Static Investment Options: Fixed-rate certificates of deposit; $250 minimum per CD
State Taxation: All qualified distributions are exempt from Arizona state income tax.
Credit or Deduction: Deduction of up to $2,000 per person for contributions to any 529 plan
Total Fees: None
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: NexBank – College Savings Bank
Residency Requirement: None
Minimum Contributions: No minimum to open a plan; automatic investments require at least $15 each month or $45 each quarter
Maximum Contributions: $505,000
Age-Based Investment Options: Three portfolios
Static Investment Options: 12 portfolios
State Taxation: All qualified distributions are exempt from Arizona state income tax.
Credit or Deduction: Deduction of up to $2,000 per person for contributions to any 529 plan
Total Fees: 0.11% - 0.99%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Ivy Distributors, Inc.
Residency Requirement: None
Minimum Contributions: $250 initially, no minimum for subsequent contributions
Maximum Contributions: $494,000
Age-Based Investment Options: 10 portfolios
Static Investment Options: 29 individual-fund portfolios
State Taxation: All qualified distributions are exempt from Arizona state income tax.
Credit or Deduction: Deduction of up to $2,000 per person for contributions to any 529 plan
Total Fees: 0.49% - 1.31% (depending on the portfolio)
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings and The Vanguard Group
Residency Requirement: None
Minimum Contributions: $25 initially, $10 subsequently
Maximum Contributions: $366,000
Age-Based Investment Options: Three categories based on level of risk with nine portfolios per category
Static Investment Options: Seven portfolios
State Taxation: No tax on qualified distributions from any 529 plan
Credit or Deduction: Deduction of $5,000 for contributions to Arkansas plan; deduction of $3,000 for non-Arkansas plans
Total Fees: 0.39% - 0.53%; $20 annual fee for non-Arkansas residents
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Ascensus Broker Dealer Services, Inc.
Residency Requirement: None
Minimum Contributions: $500 initially, $50 subsequently
Maximum Contributions: $366,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: 21 portfolios, one savings option
State Taxation: No tax on qualified distributions from any 529 plan
Credit or Deduction: Deduction of $5,000 for contributions to Arkansas plan; deduction of $3,000 for non-Arkansas plans
Total Fees: 0.35% - 1.44%; $10 annual fee for accounts with less than $20,000
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: TIAA-CREF Tuition Financing, Inc.
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $529,000
Age-Based Investment Options: Two portfolios (actively managed mutual funds or index mutual funds)
Static Investment Options: 17 portfolios
State Taxation: No income tax on qualified distributions from any state’s 529 plan
Credit or Deduction: None
Total Fees: 0.06% - 0.53%; no fees for Principal Plus Interest option
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus Broker Dealer Services, Inc. with The Vanguard Group, Inc.
Residency Requirement: None
Minimum Contributions: $25 initially, $15 subsequently
Maximum Contributions: $400,000
Age-Based Investment Options: Three classes of risk with nine portfolios each
Static Investment Options: Eight portfolios
State Taxation: No state tax on qualified distributions from any 529 plan
Credit or Deduction: No limit for contributions to Colorado 529 plans; tax credit available for employers
Total Fees: 0.32%; $20 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: FirstBank Holding Company
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $400,000
Age-Based Investment Options: None
Static Investment Options: Two portfolios
State Taxation: No state tax on qualified distributions from any 529 plan
Credit or Deduction: No limit for contributions to Colorado 529 plans; tax credit available for employers
Total Fees: None
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Nationwide Mutual Insurance Company
Residency Requirement: None
Minimum Contributions: $25 initially, $15 subsequently
Maximum Contributions: $400,000
Age-Based Investment Options: None
Static Investment Options: One portfolio
State Taxation: No state tax on qualified distributions from any 529 plan
Credit or Deduction: No limit for contributions to Colorado 529 plans; tax credit available for employers
Total Fees: 0.99%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: QS Investors, LLC; Legg Mason Investor Services, LLC
Residency Requirement: None
Minimum Contributions: $250 initially, $50 subsequently
Maximum Contributions: $400,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: 11 portfolios
State Taxation: No state tax on qualified distributions from any 529 plan
Credit or Deduction: No limit for contributions to Colorado 529 plans; tax credit available for employers
Total Fees: 0.61% - 2.07%; $20 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: TIAA-CREF Tuition Financing, Inc.
Residency Requirement: None
Minimum Contributions: $25 generally; $15 per pay period with automatic payroll deductions
Maximum Contributions: $300,000
Age-Based Investment Options: Three categories with nine portfolios each
Static Investment Options: Nine portfolios
State Taxation: Qualified distributions from any 529 plan are free from state income tax; nonqualified distributions from Connecticut plans exempt if made to beneficiary
Credit or Deduction: Deduction of up to $5,000 per person for contributions to a Connecticut 529 plan
Total Fees: 0.14% - 0.98% generally; no fees with Principal Plus Interest option
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Hartford Funds Management Company, LLC
Residency Requirement: None
Minimum Contributions: $50 initially; $25 subsequently
Maximum Contributions: $300,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: 16 portfolios
State Taxation: Qualified distributions from any 529 plan are free from state income tax; nonqualified distributions from Connecticut plans exempt if made to beneficiary
Credit or Deduction: Deduction of up to $5,000 per person for contributions to a Connecticut 529 plan
Total Fees: 0.4% - 1.94%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Fidelity Investments
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $350,000
Age-Based Investment Options: Three portfolios
Static Investment Options: 12 portfolios
State Taxation: All 529 plans exempt from Delaware state income tax
Credit or Deduction: None
Total Fees: 0.11% - 0.99%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Florida Prepaid College Board
Residency Requirement: Beneficiaries must be Florida residents
Minimum Contributions: None
Maximum Contributions: $418,000
Age-Based Investment Options: One portfolio
Static Investment Options: 13 portfolios
State Taxation: No state income tax
Credit or Deduction: None, for the above reason
Total Fees: 0.02% - 0.61%
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: None
Residency Requirement: Beneficiary or guardian must be a Florida resident for at least one year before enrolling
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: No state income tax
Credit or Deduction: None, for the above reason
Total Fees: $50 enrollment fee
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: TIAA-CREF Tuition Financing, Inc.
Residency Requirement: None
Minimum Contributions: $25 generally; no minimum for payroll deductions
Maximum Contributions: $235,000
Age-Based Investment Options: Two categories with nine portfolios each
Static Investment Options: Six portfolios
State Taxation: All 529 plans exempt from Georgia state income tax
Credit or Deduction: Deduction of up to $4,000 (per beneficiary) for contributions to Georgia’s 529 plan
Total Fees: 0.18% - 0.31%; no fees with the Guaranteed option
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings and The Vanguard Group
Residency Requirement: None
Minimum Contributions: $15
Maximum Contributions: $305,000
Age-Based Investment Options: Eight portfolios
Static Investment Options: Eight portfolios
State Taxation: All 529 plans exempt from state tax
Credit or Deduction: None
Total Fees: 0.58% - 0.66%; $20 yearly fee for non-Hawaii residents
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $25 generally; $15 per pay period with automatic payroll deductions
Maximum Contributions: $500,000
Age-Based Investment Options: Three categories, with eight portfolios in each
Static Investment Options: Seven portfolios
State Taxation: All 529 plans exempt from state income tax
Credit or Deduction: Deduction of up to $6,000 for contributions to Idaho’s 529 plan
Total Fees: 0.34% - 0.49%; $20 annual fee for non-Idaho residents
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A
Residency Requirement: Beneficiary or account owner must have been a resident of Illinois for one year before enrolling
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: Illinois 529 plans exempt from state tax; non-Illinois plans exempt if certain requirements are met
Credit or Deduction: Deduction of up to $10,000 for contributions to an Illinois 529 plan
Total Fees: None
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Union Bank & Trust Company
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $450,000
Age-Based Investment Options: Three categories with nine portfolios each
Static Investment Options: 41 portfolios; 15 additional portfolios for some account owners
State Taxation: Illinois 529 plans exempt from state tax; non-Illinois plans exempt if certain requirements are met
Credit or Deduction: Deduction of up to $10,000 for contributions to an Illinois 529 plan
Total Fees: 0.20% - 1.82%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Union Bank & Trust Company
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $450,000
Age-Based Investment Options: Two categories with nine portfolios each
Static Investment Options: 22 portfolios
State Taxation: Illinois 529 plans exempt from state tax; non-Illinois plans exempt if certain requirements are met
Credit or Deduction: Deduction of up to $10,000 for contributions to an Illinois 529 plan
Total Fees: 0.10% - 0.81%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $10
Maximum Contributions: $450,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: Seven portfolios
State Taxation: All 529 plans exempt from Indiana state income tax
Credit or Deduction: 20% tax credit on a maximum of $5,000 in contributions to an Indiana 529 plan
Total Fees: 0.14% - 0.77%; $20 yearly fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $25
Maximum Contributions: $450,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: 14 options
State Taxation: All 529 plans exempt from Indiana state income tax
Credit or Deduction: 20% tax credit on a maximum of $5,000 in contributions to an Indiana 529 plan
Total Fees: 0.31% - 2.22%; $20 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: NexBank – College Savings Bank
Residency Requirement: None
Minimum Contributions: $250 initially, $25 subsequently
Maximum Contributions: $450,000
Age-Based Investment Options: None
Static Investment Options: Fixed-rate certificates of deposit
State Taxation: All 529 plans exempt from Indiana state income tax
Credit or Deduction: 20% tax credit on a maximum of $5,000 in contributions to an Indiana 529 plan
Total Fees: None
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Iowa State Treasurer, with The Vanguard Group and Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $25 generally; $15 per pay period with automated payroll deductions
Maximum Contributions: $420,000
Age-Based Investment Options: Four categories with nine portfolios each
Static Investment Options: 10 portfolios
State Taxation: All 529 plans exempt from Iowa state tax
Credit or Deduction: Deductions for up to $3,439 (per beneficiary) toward Iowa 529 plans; adjusts for inflation each year
Total Fees: 0.2%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Voya Investment Management Co., LLC
Residency Requirement: None
Minimum Contributions: $250 per investment initially; $50 per investment subsequently
Maximum Contributions: $420,000
Age-Based Investment Options: Five portfolios
Static Investment Options: 16 portfolios
State Taxation: All 529 plans exempt from Iowa state tax
Credit or Deduction: Deductions for up to $3,439 (per beneficiary) toward Iowa 529 plans; adjusts for inflation each year
Total Fees: 0.83% - 2.36%; $25 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: American Century Investment Management, Inc.
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $435,000
Age-Based Investment Options: Three categories with eight portfolios each
Static Investment Options: 13 portfolios
State Taxation: All 529 plans exempt from Kansas state income tax
Credit or Deduction: Deduction of up to $3,000 (per beneficiary) for contributions to any 529 plan
Total Fees: 0.1% - 0.77%
Plan Type: Education Savings Plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: American Century Investment Management, Inc.
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $435,000
Age-Based Investment Options: Three categories with eight portfolios each
Static Investment Options: 20 options
State Taxation: All 529 plans exempt from Kansas state income tax
Credit or Deduction: Deduction of up to $3,000 (per beneficiary) for contributions to any 529 plan
Total Fees: 0.35% - 2.48%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: American Century Investment Management, Inc.
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $435,000
Age-Based Investment Options: Four categories with eight portfolios each
Static Investment Options: Nine options
State Taxation: All 529 plans exempt from Kansas state income tax
Credit or Deduction: Deduction of up to $3,000 (per beneficiary) for contributions to any 529 plan
Total Fees: 0.25% - 0.98%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $25 generally; $15 per pay period for automatic payroll deductions
Maximum Contributions: $350,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: Five options
State Taxation: All 529 plans exempt from Kentucky state tax
Credit or Deduction: None
Total Fees: 0.02% - 0.38%; Capital Preservation and Guaranteed investments have no fee
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Louisiana State Treasurer
Residency Requirement: Either the beneficiary or account owner must be a resident of Louisiana
Minimum Contributions: $10
Maximum Contributions: $500,000
Age-Based Investment Options: Three categories with four portfolios each
Static Investment Options: Seven portfolios
State Taxation: All 529 plans exempt from Louisiana state income tax
Credit or Deduction: Deduction of up to $2,400 (per beneficiary) for contributions to Louisiana’s 529 plan
Total Fees: 0.02% - 0.14%; no fee with Principal Protection investment
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Merrill Lynch, Pierce, Fenner & Smith Incorporated
Residency Requirement: None
Minimum Contributions: $25 initially and subsequently; some exceptions apply
Maximum Contributions: $500,000
Age-Based Investment Options: Two categories with 10 portfolios each
Static Investment Options: Eight portfolios
State Taxation: All 529 plans exempt from Maine state income tax
Credit or Deduction: None
Total Fees: 0% - 0.53%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Merrill Lynch, Pierce, Fenner & Smith Incorporated
Residency Requirement: None
Minimum Contributions: $25 initially (with exceptions); $25 subsequently with automatic contributions
Maximum Contributions: $500,000
Age-Based Investment Options: Four categories with 10 portfolios each
Static Investment Options: 35 portfolios
State Taxation: All 529 plans exempt from Maine state income tax
Credit or Deduction: None
Total Fees: 0% - 2.06%
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A
Residency Requirement: Only open to residents of Maryland or Washington, D.C.
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: All 529 plans exempt from Maryland income tax
Credit or Deduction: Deduction of up to $2,500 (per beneficiary) for contributions to a Maryland 529 plan
Total Fees: $20 - $75 enrollment fee
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: T. Rowe Price Associates, Inc.
Residency Requirement: None
Minimum Contributions: $25
Maximum Contributions: $500,000
Age-Based Investment Options: Eight portfolios
Static Investment Options: Nine portfolios
State Taxation: All 529 plans exempt from Maryland state income tax
Credit or Deduction: Deduction of up to $2,500 (per beneficiary) for contributions to a Maryland 529 plan
Total Fees: 0.26% - 0.7%
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A
Residency Requirement: None
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: All 529 plans exempt from Massachusetts state income tax
Credit or Deduction: Deduction of up to $1,000 for contributions to a Massachusetts 529 plan
Total Fees: None
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Fidelity Investments
Residency Requirement: None
Minimum Contributions: No minimum initially; automatic contributions must be at least $15 each month or $45 each quarter
Maximum Contributions: $400,000
Age-Based Investment Options: Three portfolios
Static Investment Options: 12 portfolios
State Taxation: All 529 plans exempt from Massachusetts state income tax
Credit or Deduction: Deduction of up to $1,000 for contributions to a Massachusetts 529 plan
Total Fees: 0.11% - 0.99%
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A
Residency Requirement: Only open to Michigan residents
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: All 529 plans exempt from Michigan state income tax
Credit or Deduction: Deduction of up to $5,000 for contributions to a Michigan 529 plan
Total Fees: $25 online enrollment fee; $60 by-mail enrollment fee
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: TIAA-CREF Tuition Financing, Inc.
Residency Requirement: None
Minimum Contributions: $25 generally; $15 per pay period with automatic payroll deductions
Maximum Contributions: $500,000
Age-Based Investment Options: 10 portfolios
Static Investment Options: Eight options
State Taxation: All 529 plans exempt from Michigan state income tax
Credit or Deduction: Deduction of up to $5,000 for contributions to a Michigan 529 plan
Total Fees: 0.075% - 0.135%; no fee for Principal Plus Interest investments
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: TIAA-CREF Tuition Financing, Inc.
Residency Requirement: None
Minimum Contributions: $25 per portfolio
Maximum Contributions: $500,000
Age-Based Investment Options: 10 portfolios
Static Investment Options: 19 portfolios
State Taxation: All 529 plans exempt from Michigan state income tax
Credit or Deduction: Deduction of up to $5,000 for contributions to a Michigan 529 plan
Total Fees: 0.42% - 1.9%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: TIAA-CREF Tuition Financing, Inc.
Residency Requirement: None
Minimum Contributions: $25 per investment; $15 per investment for those with automatic payroll deductions
Maximum Contributions: $425,000
Age-Based Investment Options: 10 portfolios
Static Investment Options: 10 options
State Taxation: All 529 plans exempt from Minnesota income tax
Credit or Deduction: Deduction and tax credit offered (depending on income) for contributions to any 529 plan
Total Fees: 0.12% - 0.24%; no fee for Principal Plus Interest investments
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Intuition College Savings Solutions, LLC
Residency Requirement: None
Minimum Contributions: $25 generally; $15 per pay period for those with automatic payroll deductions
Maximum Contributions: $235,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: Nine options
State Taxation: All 529 plans exempt from Mississippi state income tax
Credit or Deduction: Deduction of up to $10,000 for contributions to a Mississippi 529 plan
Total Fees: 0.63% - 0.73%; $20 fee for account owners who opt out of electronic delivery of plan documents
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A
Residency Requirement: Reserved for Mississippi residents
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: All 529 plans exempt from Mississippi state income tax
Credit or Deduction: Deduction of up to $10,000 for contributions to a Mississippi 529 plan
Total Fees: $60 enrollment fee
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $325,000
Age-Based Investment Options: Three categories with nine portfolios each
Static Investment Options: 16 portfolios
State Taxation: All 529 plans exempt from Missouri state tax
Credit or Deduction: Deduction of up to $8,000 for contributions to any 529 plan
Total Fees: 0.18% - 0.51%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $25 generally; $15 for those with automatic payroll deductions
Maximum Contributions: $396,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: Eight portfolios
State Taxation: All 529 plans exempt from Montana state income tax
Credit or Deduction: Deduction of up to $3,000 for contributions to any 529 plan
Total Fees: 0.4% - 0.59%; $25 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: First National Bank of Omaha
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $400,000
Age-Based Investment Options: Three portfolios
Static Investment Options: 21 portfolios
State Taxation: All 529 plans exempt from Nebraska state tax
Credit or Deduction: Deduction of up to $10,000 for contributions to a Nebraska 529 plan
Total Fees: 0.2% - 1.26%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: First National Bank of Omaha
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $400,000
Age-Based Investment Options: Three categories with nine portfolios each
Static Investment Options: 25 portfolios
State Taxation: All 529 plans exempt from Nebraska state tax
Credit or Deduction: Deduction of up to $10,000 for contributions to a Nebraska 529 plan
Total Fees: 0.2% - 2.26%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: First National Bank of Omaha
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $400,000
Age-Based Investment Options: Two categories with nine portfolios each
Static Investment Options: 22 portfolios
State Taxation: All 529 plans exempt from Nebraska state tax
Credit or Deduction: Deduction of up to $10,000 for contributions to a Nebraska 529 plan
Total Fees: 0.34% - 0.88%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: First National Bank of Omaha
Residency Requirement: None
Minimum Contributions: $250 initially, $50 subsequent
Maximum Contributions: $400,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: Seven portfolios
State Taxation: All 529 plans exempt from Nebraska state tax
Credit or Deduction: Deduction of up to $10,000 for contributions to a Nebraska 529 plan
Total Fees: 0.2% - 0.61%; $25 fee for accounts with less than $20,000
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A
Residency Requirement: Beneficiary or account owner must be a resident of Nevada; alternatively, owner may be an alumnus of a Nevada university
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: No individual income tax in Nevada
Credit or Deduction: None, for the reason stated above
Total Fees: $100 enrollment fee
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: State Street Global Advisors (SSGA) with Ascensus College Savings and Sallie Mae Bank
Residency Requirement: None
Minimum Contributions: $15 initially and subsequently
Maximum Contributions: $500,000
Age-Based Investment Options: Eight portfolios
Static Investment Options: 19 options
State Taxation: No individual income tax in Nevada
Credit or Deduction: None, for the reason stated above
Total Fees: 0.28% - 0.89%; $20 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Putnam Investment Management, LLC
Residency Requirement: None
Minimum Contributions: $25
Maximum Contributions: $500,000
Age-Based Investment Options: 22 portfolios
Static Investment Options: 15 options
State Taxation: No individual income tax in Nevada
Credit or Deduction: None, for the reason stated above
Total Fees: 0.3% - 2.13%; $15 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $1000 initially (Nevada residents) or $3,000 initially (non-Nevada residents); $50 subsequently
Maximum Contributions: $500,000
Age-Based Investment Options: 11 portfolios
Static Investment Options: 20 portfolios
State Taxation: No individual income tax in Nevada
Credit or Deduction: None, for the reason stated above
Total Fees: 0.12% - 0.42%
Plan Type: Education savings plans
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Ascensus Broker Dealer Services, Inc.
Residency Requirement: None
Minimum Contributions: $500 initially, $100 subsequently
Maximum Contributions: $500,000
Age-Based Investment Options: 20 options
Static Investment Options: None
State Taxation: No individual income tax in Nevada
Credit or Deduction: None, for the reason stated above
Total Fees: 0.43% - 0.46% per glide path; 0.35% - 0.7% per portfolio
Plan Type: Education savings plans
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $250 initially or $50 initially with automatic contributions of $50 each month or $150 each quarter
Maximum Contributions: $500,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: 11 portfolios
State Taxation: No individual income tax in Nevada
Credit or Deduction: None, for the reason stated above
Total Fees: 0.46% - 1.06%; $10 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Fidelity Investments
Residency Requirement: None
Minimum Contributions: None initially; automatic investment plan requires $15 each month or $45 each quarter
Maximum Contributions: $522,000
Age-Based Investment Options: Three portfolios
Static Investment Options: 12 portfolios
State Taxation: No New Hampshire state income tax
Credit or Deduction: None, for the reason stated above
Total Fees: 0.11% - 0.99%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Fidelity Investments
Residency Requirement: None
Minimum Contributions: None initially; automatic investment plan requires $15 each month or $45 each quarter
Maximum Contributions: $522,000
Age-Based Investment Options: Eight portfolios
Static Investment Options: 19 portfolios
State Taxation: No New Hampshire state income tax
Credit or Deduction: None, for the reason stated above
Total Fees: 0.25% - 2.12%; $20 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Franklin Templeton Distributors, Inc.
Residency Requirement: None
Minimum Contributions: $250 initially; $50 subsequently
Maximum Contributions: $305,000
Age-Based Investment Options: Three categories with eight portfolios each
Static Investment Options: 14 portfolios
State Taxation: All qualified 529 plan distributions exempt from New Jersey state income tax
Credit or Deduction: None
Total Fees: 0.29% - 2.24%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Franklin Templeton Distributors, Inc.
Residency Requirement: Limited to New Jersey residents
Minimum Contributions: $25 per investment; $300 in contributions must be made each year until account reaches $1,200
Maximum Contributions: $305,000
Age-Based Investment Options: Three categories with eight portfolios each
Static Investment Options: Six portfolios
State Taxation: All qualified 529 plan distributions exempt from New Jersey state income tax
Credit or Deduction: None
Total Fees: 0.14% - 0.81%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $500,000
Age-Based Investment Options: 11 portfolios
Static Investment Options: 13 portfolios
State Taxation: All 529 plans exempt from New Mexico state income tax
Credit or Deduction: Can deduct full value of contributions from New Mexico state income tax
Total Fees: 0.1% - 0.44%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Ascensus College Savings Recordkeeping Services, LLC
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $500,000
Age-Based Investment Options: 11 portfolios
Static Investment Options: 20 portfolios
State Taxation: All 529 plans exempt from New Mexico state income tax
Credit or Deduction: Can deduct full value of contributions from New Mexico state income tax
Total Fees: 0.28% - 2.35%; $20 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $520,000
Age-Based Investment Options: Three categories with nine portfolios each
Static Investment Options: 13 portfolios
State Taxation: All 529 plans exempt from New York state income tax
Credit or Deduction: Deduction for account owners (and their spouses) of up to $5,000 for contributions to a New York plan
Total Fees: 0.13%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Ascensus Broker Dealer Services
Residency Requirement: None
Minimum Contributions: $1,000 initially; $25 subsequently
Maximum Contributions: $520,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: 22 portfolios
State Taxation: All 529 plans exempt from New York state income tax
Credit or Deduction: Deduction for account owners (and their spouses) of up to $5,000 for contributions to a New York plan
Total Fees: 0.33% - 2.05%; $25 annual fee for balances of less than $25,000
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: College Foundation, Inc.
Residency Requirement: None
Minimum Contributions: $25 initially or subsequently
Maximum Contributions: $450,000
Age-Based Investment Options: Three portfolios
Static Investment Options: 11 options
State Taxation: All 529 plans exempt from North Carolina state income tax
Credit or Deduction: None
Total Fees: 0.25% - 0.4%; $1.50 per month, waived for those who opt for electronic delivery of documents
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $25 initially and subsequently; $12.50 for automatic payroll deposits
Maximum Contributions: $269,000
Age-Based Investment Options: Three categories with five options each
Static Investment Options: Six portfolios
State Taxation: All 529 plans exempt from North Dakota state income tax
Credit or Deduction: Deduction of up to $5,000 for contributions to a North Dakota plan
Total Fees: 0.5%; $20 annual fee for non-North Dakota residents
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $25 initially and subsequently; $12.50 for automatic payroll deposits
Maximum Contributions: $269,000
Age-Based Investment Options: Three categories with five options each
Static Investment Options: Six portfolios
State Taxation: All 529 plans exempt from North Dakota state income tax
Credit or Deduction: Deduction of up to $5,000 for contributions to a North Dakota plan
Total Fees: 0.55% - 0.85%; $20 annual fee for non-North Dakota residents
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ohio Tuition Trust Authority
Residency Requirement: None
Minimum Contributions: $25 initially and subsequently
Maximum Contributions: $482,000
Age-Based Investment Options: Two categories; one has nine portfolios and the other has 10
Static Investment Options: 22 options
State Taxation: All 529 plans exempt from Ohio state income tax
Credit or Deduction: Deduction of up to $4,000 (per beneficiary) for contributions to an Ohio plan
Total Fees: 0.165% - 0.5%; no fees with Fifth Third Bank investments
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: BlackRock Advisors, LLC
Residency Requirement: None
Minimum Contributions: $25 generally; $500 with CD option
Maximum Contributions: $482,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: 20 options
State Taxation: All 529 plans exempt from Ohio income tax
Credit or Deduction: Deduction of up to $4,000 (per beneficiary) for contributions to an Ohio plan
Total Fees: 0.18% - 2.19%; $25 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: TIAA-CREF Tuition Financing, Inc.
Residency Requirement: None
Minimum Contributions: $25 initially and subsequently; no minimum with automatic payroll deductions
Maximum Contributions: $300,000
Age-Based Investment Options: 10 portfolios
Static Investment Options: Six options
State Taxation: All 529 plans exempt from Oklahoma income tax
Credit or Deduction: Deduction of up to $10,000 for contributions to an Oklahoma plan
Total Fees: 0.3% - 0.57%; no fees with Guaranteed Option
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Fidelity Investments
Residency Requirement: None
Minimum Contributions: None, generally; systematic investment plans require $50 per month or $150 per quarter
Maximum Contributions: $300,000
Age-Based Investment Options: Eight portfolios
Static Investment Options: 19 portfolios
State Taxation: All 529 plans exempt from Oklahoma income tax
Credit or Deduction: Deduction of up to $10,000 for contributions to an Oklahoma plan
Total Fees: 0.25% - 2.12%; $20 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Sumday Administration, LLC
Residency Requirement: None
Minimum Contributions: $25 per portfolio initially and subsequently; minimums lower with automated investments
Maximum Contributions: $400,000
Age-Based Investment Options: One option encompassing various portfolios
Static Investment Options: 14 options
State Taxation: All 529 plans exempt from Oregon income tax
Credit or Deduction: Tax credit of up to $150; required contributions to receive credit depends on income
Total Fees: 0.25% - 0.72%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: MFS Fund Distributors, Inc.
Residency Requirement: None
Minimum Contributions: $250 initially, no subsequent minimum
Maximum Contributions: $400,000
Age-Based Investment Options: Six portfolios
Static Investment Options: 18 options
State Taxation: All 529 plans exempt from Oregon income tax
Credit or Deduction: Tax credit of up to $150; required contributions to receive credit depends on income
Total Fees: 0.67% - 2.09%; $25 annual fee, with exceptions
Plan Type: Education savings plan (guaranteed)
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A
Residency Requirement: Beneficiary or account owner must be a resident of Pennsylvania to enroll
Minimum Contributions: $10
Maximum Contributions: $511,758
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: All 529 plans exempt from Pennsylvania income tax
Credit or Deduction: Deduct amount up to annual gift tax exclusion (per beneficiary) for contributions to any 529 plan (as of 2020, gift tax exclusion is $15,000 per year)
Total Fees: 0.4% - 0.7%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Pennsylvania Treasury Department with Vanguard and Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $10
Maximum Contributions: $511,758
Age-Based Investment Options: Three categories with nine options each
Static Investment Options: 14 portfolios
State Taxation: All 529 plans exempt from Pennsylvania income tax
Credit or Deduction: Deduct amount up to annual gift tax exclusion (per beneficiary) for contributions to any 529 plan (as of 2020, gift tax exclusion is $15,000 per year)
Total Fees: 0.215% - 0.315%; $10 annual fee with exemption for account owners who opt for electronic document delivery
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $500,000
Age-Based Investment Options: 11 options
Static Investment Options: 11 options
State Taxation: All 529 plans exempt from Rhode Island income tax
Credit or Deduction: Deduction of up to $500 on contributions to a Rhode Island plan
Total Fees: 0.03% - 0.35%; rate discounted for residents of Rhode Island
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $500,000
Age-Based Investment Options: 10 options
Static Investment Options: 14 portfolios
State Taxation: All 529 plans exempt from Rhode Island income tax
Credit or Deduction: Deduction of up to $500 on contributions to a Rhode Island plan
Total Fees: 0.16% - 2.07% (discounted for Rhode Island residents); $20 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Columbia Management Investment Advisors, LLC
Residency Requirement: Beneficiary or owner must be a South Carolina resident or state employee to enroll
Minimum Contributions: None
Maximum Contributions: $520,000
Age-Based Investment Options: Three categories with nine portfolios each
Static Investment Options: 17 options
State Taxation: All 529 plans exempt from South Carolina income tax
Credit or Deduction: Deduct all contributions to South Carolina 529 plans
Total Fees: 0% - 0.25%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Columbia Management Investment Advisors, LLC
Residency Requirement: None
Minimum Contributions: $100 initially, $25 subsequently; no minimum for automatic investments
Maximum Contributions: $520,000
Age-Based Investment Options: Three categories with 8-9 portfolios each
Static Investment Options: 30 options
State Taxation: All 529 plans exempt from South Carolina income tax
Credit or Deduction: Deduct all contributions to South Carolina 529 plans
Total Fees: 0% - 2.01%; $25 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Allianz Global Investors Distributors LLC
Residency Requirement: Beneficiary or owner must be a resident of South Dakota to enroll
Minimum Contributions: $250 per investment initially, $50 subsequently
Maximum Contributions: $350,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: Three portfolios
State Taxation: South Dakota has no individual income tax
Credit or Deduction: None, for the reason specified above
Total Fees: 0.45% - 1.12%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Allianz Global Investors Distributors LLC
Residency Requirement: None
Minimum Contributions: $1,000 initially, $50 subsequently; $250 initially with automatic investments
Maximum Contributions: $350,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: 15 portfolios
State Taxation: South Dakota has no individual income tax
Credit or Deduction: None, for the reason specified above
Total Fees: 0.48% - 2.47%; fee of $5 per quarter for balances below $20,000, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Tennessee Department of Treasury
Residency Requirement: None
Minimum Contributions: $25 per investment, both initially and subsequently
Maximum Contributions: $350,000 (combined with any BEST Prepaid Program accounts)
Age-Based Investment Options: 10 options
Static Investment Options: 16 options
State Taxation: Tennessee has no individual income tax
Credit or Deduction: None, for the reason stated above
Total Fees: 0.23% - 0.84%; no fees with interest-bearing account
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: N/A
Residency Requirement: Beneficiary or parent opening the account must be a resident of Texas to enroll
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: Texas has no individual income tax
Credit or Deduction: None, for the reason specified above
Total Fees: $25 enrollment fee
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Orion Advisor Solutions, Inc.
Residency Requirement: None
Minimum Contributions: $25 per portfolio; $15 with automatic contributions
Maximum Contributions: $370,000
Age-Based Investment Options: Two categories with six portfolios each
Static Investment Options: Seven options
State Taxation: Texas has no individual income tax
Credit or Deduction: None, for the reason specified above
Total Fees: 0.59% - 0.99%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Orion Advisor Solutions, Inc.
Residency Requirement: None
Minimum Contributions: $25 per portfolio; $15 with automatic contributions
Maximum Contributions: $370,000
Age-Based Investment Options: Six portfolios
Static Investment Options: 12 portfolios
State Taxation: Texas has no individual income tax
Credit or Deduction: None, for the reason specified above
Total Fees: 0.66% - 2.48%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Utah Higher Education Assistance Authority
Residency Requirement: None
Minimum Contributions: None
Maximum Contributions: $500,000
Age-Based Investment Options: Four standardized portfolios, one customizable portfolio with 30 investment options
Static Investment Options: Eight options
State Taxation: All 529 plans exempt from Utah income tax
Credit or Deduction: Tax credit of 5% on contributions of up to $2,040 (per beneficiary) toward a Utah 529 plan; only the account owners are eligible
Total Fees: 0.12% - 0.525%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Intuition College Savings Solutions, LLC
Residency Requirement: None
Minimum Contributions: $25 generally; $15 with automatic payroll deductions
Maximum Contributions: $352,800
Age-Based Investment Options: Six portfolios
Static Investment Options: Five options
State Taxation:
Credit or Deduction: Tax credit of 10% on contributions of up to $2,500 (per beneficiary) toward a Vermont plan
Total Fees: 0.04% - 0.07% (no fee with Principal Plus Interest account); $10 annual fee with exemption for account owners who opt for electronic document delivery
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: American Funds Service Company and American Funds Distributor with Capital Research and Management Company
Residency Requirement: None
Minimum Contributions: $250 per fund initially, $50 per fund subsequently; $1,000 initially with U.S. Government Money Market Fund
Maximum Contributions: $500,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: Exact number unknown
State Taxation: All 529 plans exempt from Virginia income tax
Credit or Deduction: Deduction of up to $4,000 for contributions to a Virginia plan; only account owners are eligible
Total Fees: 0.29% - 2.1%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Virginia529
Residency Requirement: None
Minimum Contributions: $25 initially, no subsequent minimum
Maximum Contributions: $500,000
Age-Based Investment Options: Eight portfolios
Static Investment Options: 15 portfolios
State Taxation: All 529 plans exempt from Virginia income tax
Credit or Deduction: Deduction of up to $4,000 for contributions to a Virginia plan; only account owners are eligible
Total Fees: 0.09% - 0.62%
Plan Type: Prepaid tuition plan (guaranteed)
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A
Residency Requirement: Beneficiary or owner must be a resident of Washington to enroll
Minimum Contributions: Varies by plan
Maximum Contributions: $106,400
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: Washington has no individual income tax
Credit or Deduction: None, for the reason stated above
Total Fees: $50 enrollment fee with exemption for online enrollment
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Sumday Administration, LLC
Residency Requirement: None
Minimum Contributions: $25 per investment initially; $5 per investment subsequently
Maximum Contributions: $500,000
Age-Based Investment Options: Three categories with 10 portfolios each
Static Investment Options: Seven options
State Taxation: Washington has no individual income tax
Credit or Deduction: None, for the reason stated above
Total Fees: 0.255% - 0.4%; $35 annual fee
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Ascensus College Savings
Residency Requirement: None
Minimum Contributions: $25 initially and subsequently
Maximum Contributions: $500,000
Age-Based Investment Options: Seven portfolios
Static Investment Options: Eight portfolios
State Taxation: Qualified distributions are tax-free from any 529 plan
Credit or Deduction: Deduction of up to $4,000 for contributions to DC plans; only available to account owner
Total Fees: 0.15% - 0.74%; $15 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Hartford Funds Management Company, LLC
Residency Requirement: Beneficiary or owner must have a mailing address in West Virginia or be a state resident on active military duty
Minimum Contributions: None
Maximum Contributions: $400,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: Seven options
State Taxation: All 529 plans exempt from West Virginia income tax
Credit or Deduction: All contributions to West Virginia plans deductible from state income tax
Total Fees: 0.12% - 0.22%
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: Hartford Funds Management Company, LLC
Residency Requirement: None
Minimum Contributions: $250 per fund initially, $25 per fund subsequently; minimums lower for West Virginia residents
Maximum Contributions: $400,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: 10 portfolios
State Taxation: All 529 plans exempt from West Virginia income tax
Credit or Deduction: All contributions to West Virginia plans deductible from state income tax
Total Fees: 0.57% - 0.67%; $25 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Hartford Funds Management Company, LLC
Residency Requirement: None
Minimum Contributions: $250 initially, $25 subsequently; minimums lower for West Virginia residents
Maximum Contributions: $400,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: 19 portfolios
State Taxation: All 529 plans exempt from West Virginia income tax
Credit or Deduction: All contributions to West Virginia plans deductible from state income tax
Total Fees: 0.28% - 2.07%; $25 annual fee, with exceptions
Plan Type: Education savings plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: TIAA-CREF Tuition Financing, Inc.
Residency Requirement: None
Minimum Contributions: $25 initially and subsequently; no minimum for those with automatic payroll deductions
Maximum Contributions: $505,000
Age-Based Investment Options: 10 portfolios
Static Investment Options: 15 portfolios
State Taxation: All 529 plans exempt from Wisconsin income tax
Credit or Deduction: Deduction of up to $3,340 (per beneficiary) for contributions to a Wisconsin plan
Total Fees: 0.08% - 0.38%; no fees with Principal Plus Interest option
Plan Type: Education savings plan
Direct- or Advisor-Sold: Advisor-sold
Plan Manager: Voya
Residency Requirement: None
Minimum Contributions: $250; $25 each month with automatic contributions
Maximum Contributions: $505,000
Age-Based Investment Options: Nine portfolios
Static Investment Options: 23 portfolios
State Taxation: All 529 plans exempt from Wisconsin income tax
Credit or Deduction: Deduction of up to $3,340 (per beneficiary) for contributions to a Wisconsin plan
Total Fees: 0.21% - 2.18%; $25 annual fee, with exceptions
Wyoming only offers an ABLE account, WV ABLE, which is not covered here.
Plan Type: Prepaid tuition plan
Direct- or Advisor-Sold: Direct-sold
Plan Manager: N/A (sponsored by the Tuition Plan Consortium LLC)
Residency Requirement: None
Minimum Contributions: Varies by plan
Maximum Contributions: N/A
Age-Based Investment Options: N/A
Static Investment Options: N/A
State Taxation: Generally exempt from state income taxes, but policy varies by state
Credit or Deduction: Varies by state
Total Fees: None
