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Summary: Wyoming residents may purchase the Colorado Stable Value Plus College Savings Plan on the same terms as Colorado residents, under special agreement between Wyoming and Colorado. |
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Program type: Savings |
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Telephone: 1-800-448-2424 |
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Web site: Click here to visit |
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Facebook |
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Program manager: Metropolitan Insurance Company of Connecticut (MetLife) |
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State residency requirements: None, but th is the Wyoming-branded version of Colorado's 529 plan. |
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Maximum contributions: Accepts contributions until all account balances in Colorado's 529 plans for the same beneficiary reach $280,000. |
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Minimum contributions: $25 |
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Age-based investment options: None. |
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Static investment options: Funds are invested in a stable value investment under a funding agreement with MetLife Insurance Company. The interest rate is declared annually, with a minimum rate of 3% before fees. The 2012 rate of return is 3.04% per year, assuming the 0.71% administrative fee remains in effect for calendar year 2012. MetLife resets the annual rate of return for the plan each January 1, and CollegeInvest makes the upcoming year's rate of return available the December before the rate is reset. |
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Underlying investments: A funding agreement issued by MetLife Insurance Company. |
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Enrollment or application fee: None. |
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Account maintenance fee: None. |
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Program management fees: 0.99% administrative fee to the state (0.28% of this fee is being waived commencing September 1, 2011). |
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Expenses of the underlying investments: Not applicable, included in the program management fee. |
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Total asset-based expense ratio: 0.99% (0.71% commencing September 1, 2011) |
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Program match on contributions: None. |
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State tax deduction or credit for contributions: Not applicable. Wyoming does not have a personal income tax. |
