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Kentucky


Kentucky Education Savings Plan Trust


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

Summary
The Kentucky Education Savings Plan Trust is similar to other TIAA-managed 529 savings programs. The Plan features an age-based option, two 100% equity options, a balanced option, a fixed income option, and a guaranteed option.

Program Details
Summary: The Kentucky Education Savings Plan Trust is similar to other TIAA-managed 529 savings programs. The Plan features an age-based option, two 100% equity options, a balanced option, a fixed income option, and a guaranteed option.
Program type: Savings
Program manager: TIAA-CREF Tuition Financing, Inc.
State residency requirements: None
Maximum contributions: Accepts contributions until all account balances in Kentucky's 529 plans for the same beneficiary reach $235,000.
Minimum contributions: $25, or $15 per pay period via payroll deduction.
Age-based investment options: The Managed Allocation Option contains 6 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary?s age and later reassigned to more conservative portfolios as the beneficiary approaches college age.
Static investment options: Select among 2 100% equity options (one using actively managed funds and the other using mostly index funds), a balanced option, a fixed income option, and the Guaranteed Option.
Underlying investments: TIAA-CREF institutional mutual funds; the Guaranteed Option is invested in a funding agreement with TIAA-CREF Life Insurance Company that guarantees principal and, until January 2010, a minimum 3% annual rate of interest (actual rate is declared annually).
Enrollment or application fee: None.
Account maintenance fee: None.
Program management fees: 0.60% manager fee for the Managed Allocation option includes underlying fund expenses; 0.47% manager fee for the Equity Index, Balanced, and Fixed Income options, and 0.38% fee for the Active Equity Option, do not include underlying fund expenses. No fee for the Guaranteed Option.
Expenses of the underlying investments: Managed Allocation Option: included in the program management fee.
100% equity options: Ranges from 0.09% to 0.53%
Balanced Option: 0.28%
Fixed Income Option: 0.17%
Total asset-based expense ratio: 0.56% - 0.91%. None for the Guaranteed Option.
Program match on contributions: None.
State tax deduction or credit for contributions: None.
Web site: Click here to visit
Telephone: 1-877-598-7878
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