- advertisement -
Bankrate.com   

Iowa


IAdvisor 529 Plan


5 Cap Ratings
(Resident Rating) (Non-Resident Rating)

Summary
The IAdvisor 529 Plan is managed by ING Investment Management, LLC. ING succeeded Upromise Investments as program manager in March 2013. The revised program features an age-based option, five static allocation options, and 12 single fund options utilizing mutual funds managed by ING, BlackRock, Clarion, Delaware, JP Morgan, PIMCO, RBC, and Wellington.

Program Details
Summary: The IAdvisor 529 Plan is managed by ING Investment Management, LLC. ING succeeded Upromise Investments as program manager in March 2013. The revised program features an age-based option, five static allocation options, and 12 single fund options utilizing mutual funds managed by ING, BlackRock, Clarion, Delaware, JP Morgan, PIMCO, RBC, and Wellington.
Program type: Savings
Program manager: ING Investment Management, LLC
State residency requirements: None
Maximum contributions: Accepts contributions until all account balances in Iowa's 529 plans for the same beneficiary reach $320,000.
Minimum contributions: With lump-sum contributions, the minimum initial and subsequent contribution is $250 per investment option ($50 per month per option with the automatic investment plan, $25 per pay period per option with payroll direct deposit).
Age-based investment options: The Age-Based Option contains 5 portfolios of underlying funds. Contributions are placed into the portfolio corresponding to the beneficiary?s age or as selected by the account owner, and later reassigned to more conservative portfolios as the beneficiary approaches college.
Static investment options: Select among 5 static allocation portfolios and 12 individual-fund portfolios investing in ING funds managed by BlackRock, Clarion, Delaware, ING IM, JPMorgan, PIMCO, RBC, and Wellington.
Underlying investments: Mutual funds from ING IM, Baillie Gifford, BlackRock, Clarion, Delaware, JPMorgan, RBC, Lazard, PIMCO, T. Rowe Price, and Wellington.
Enrollment or application fee: None.
Account maintenance fee: $25 annually, waived if the account balance in each investment option is greater than $25,000; waived for accounts with an automatic investment plan or payroll direct deposit of $100 per month in each investment option running on a monthly basis for 12 consecutive months.
Program management fees: 0.50% (0.40% for Money Market) management fee includes 0.075% fee to the state, plus distribution/marketing fee of 0.25% (Class A) or 1.00% (Class C, except Money Market is 0.25%).
Expenses of the underlying investments: Ranges from 0.27% to 1.05%.
Total asset-based expense ratio: Class A: 0.99% - 1.80%
Class C: 0.99% - 2.55%
Program match on contributions: None.
State tax deduction or credit for contributions: Contributions to an Iowa 529 plan of up to $3,098 for 2014 per beneficiary by an individual, and up to $6,196 per beneficiary by married taxpayers filing jointly who each make their own contributions, are deductible in computing Iowa taxable income. The maximum deduction increases each year with inflation. Only contributions made by the account owner are deductible. Contribution deadline is December 31 postmark.
Web site: Click here to visit
Telephone: 1-800-774-5127
Twitter
Facebook
Compare more 529 plans
     

 

 
 

Powered by Savingforcollege.com
Copyright 2005 Savingforcollege.com, LLC. All Rights Reserved.
Bankrate disclaimer: The following disclaimer (revised only to the extent necessary to maintain consistent defined terms with Bankate.com’s Terms of Use) shall be displayed on or be accessible from the web pages(s) featuring Company’s Web Site Content: “The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.”
College Financing
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
Stafford - in school 3.86%
PLUS loan 6.41%
Private loan 7.52%

RELATED CALCULATORS
  College planning  
  Tax-free savings  
  Financial aid  
  Home equity loan  
VIEW ALL 

BASICS SERIES
College Financing Basics
Where there's a will, there's a way to pay.
The value of a degree
What is a 529 plan?
Getting more financial aid
Paying off student loans
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.