Open an Edvest 529 account in minutes

Anyone with a valid Social Security Number or Taxpayer Identification Number can be the beneficiary, including the account owner. Learn more about who can open, benefit from and contribute to an Edvest 529 account.

There’s no cost associated with opening an Edvest 529 account or owning more than one account. You could open a different account for each child.

You might do this to align investment strategies with the time frame each child will begin using the funds. For example, an older child’s account could be more conservatively invested to help protect your contributions as they near college, whereas a younger child’s account might be invested to balance growth and income strategies during a longer time frame. You may also prefer to pay college expenses first out of your highest growth account to maximize federal tax benefits and to encourage gift contributions from friends and family.

Keep in mind: Edvest 529 allows you the flexibility to select multiple investment portfolios within each account. This offers you more control to manage risk on your terms. For example, adding the Principal Plus Interest Investment Portfolio can help preserve your funds until your student is ready for the next step in their education.

Multiple accounts can also aid in estate planning by ensuring that college funds are allocated appropriately to each beneficiary upon the death of the account owner. But if you’d like to stick to one account, you can change beneficiaries at any time and at no additional cost.

There are no sales charges, startup fees or maintenance fees associated with Edvest 529 accounts. For details on total annual asset-based fees, comprised of the underlying investment expenses for each investment portfolio and the plan manager fee, review the Investment Portfolio Fee Table in the Plan Description.

Yes. Whether you have recently moved to the state, have an underperforming or higher-cost 529 plan or just want to simplify, consolidating 529 accounts into Edvest 529 is easy. You can transfer funds from another 529 plan to your Edvest 529 account for the same beneficiary once within a 12-month period without incurring tax penalties.

Consolidating education savings into Edvest 529 also gives you a single view of your savings and performance as well as single-step payments to colleges, universities, etc.

You may also save money that can go right back into your college fund. Edvest 529 expenses are among the lowest in the country and less than half the national average for 529 plans.¹ You pay no sales charges, startup fees or maintenance fees.

The 529 plan from which you are transferring funds may be subject to different features, costs and surrender charges. As such, you should consult your tax advisor or the other 529 college savings plan prior to making any decisions. For more information, see how to manage an incoming rollover from another 529 saving plan account.

Footnotes

1. ¹Source: ISS Marketing Intelligence 529 College Savings Fee Analysis Q1 2023. Edvest 529’s average annual asset-based fees are 0.15% for all portfolios compared to 0.51% for all 529 plans.↩