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KS Schwab 529 College Savings Plan |
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State Provider: Kansas; Net Assets ($mil):
$887.0 as of
10-31-09 |
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Kansas residents are now able to invest in any 529 plan in the country and are still eligible for the state's tax deduction on contributions of up to $3,000 per beneficiary per year ($6,000 if married, filing jointly). Thus, this plan faces heightened competition, but we think residents should still give it a look. It offers a decent lineup of underlying investment offerings from American Century, Charles Schwab (including Laudus), PIMCO, Transamerica, American Beacon, and Baron. Reasonable fees (total annual fees range from 0.65% to 1.36%) combined with numerous asset class allocation options increase its appeal. Moreover, the plan's age-based tracks have strong asset allocation structures, which should allow plan participants to reap more competitive returns. (Information as of 03/12/2009) |
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| Availability: Sales Channel |
Resident: Broker
Non-Resident: Broker
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| Annual State Tax Deduction |
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Up to $3,000 (S),
6,000 (J)
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| Max Investment/Beneficiary |
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$290,000 |
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(includes appreciation)
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| Mos. to Qualified Withdrawal |
| Aggressive, Mod Aggr, Mod Cons, Moderate |
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Age-Based Portfolios
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| Static Portfolios |
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| US Stock
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Bond |
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| Total International Funds: 30 |
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| Underlying Funds’ Ratings |
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| Overall Morningstar Rating |
# Equity
Funds |
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# Bond
Funds |
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| Ratings as of
10-31-09 |
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| Range |
0.2 |
| 529 Plan Avg |
0.8 |
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| Portfolio Expense Ratio Range |
| Fee to Change Beneficiary |
| Share Classes: Sales Charge |
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| Initial Purchase |
$1,000 |
$250 |
| Additional Purchase |
50 |
50 |
| Initial (AIP) |
50 |
25 |
| Additional (AIP) |
50 |
25 |
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