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Reply to "529 plans - how to start?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] Can you point me to where you see this? I think you may be talking about the fund expense ratio. If you look at other "states" their funds have expenses too. Are DC's more than others? I'm not sure, but it looks similar. I have some IL 529 and they have a few dollar like admin fee I think regardless of the funds used.[/quote] No, it’s an account maintenance fee. $10/account for residents and $15/account for non-residents, pain annually. https://www.dccollegesavings.com/home/faqs.html [/quote] From browsing https://www.savingforcollege.com/529_fee_study/ , maintenance fees range from $0-$25 across states. On $10k, $10 amounts to 0.1%. This is insignificant in the grand schema of things compared to about 9% tax break on deduction. The fund fees and performance are much more significant determiners of account balance growth. This is what needs comparison and not a small maintenance fee.[/quote]
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