New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Auto CDs &
Retirement Checking &
Taxes Personal

New Jersey

Franklin Templeton 529 College Savings Plan

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

New Jersey Franklin Templeton 529 College Savings Plan is an advisor-sold 529 savings program managed by Franklin Templeton featuring age-based and static portfolio options utilizing mutual funds and/or ETFs along with a money market option.

Program Details
Summary: New Jersey Franklin Templeton 529 College Savings Plan is an advisor-sold 529 savings program managed by Franklin Templeton featuring age-based and static portfolio options utilizing mutual funds and/or ETFs along with a money market option.
Program type: Savings
Program manager: Franklin Templeton Distributors, Inc.
State residency requirements: None
Maximum contributions: Accepts contributions until all account balances in New Jersey's 529 plans for the same beneficiary reach $305,000.
Minimum contributions: With lump-sum contributions, the minimum initial contribution is $250 per investment option, and the minimum subsequent contribution is $50. With the automatic investment plan, the minimum contribution level is $50 per month.
Age-based investment options: The Age-Based Investment Portfolios option offers the choice of 3 risk levels: Growth, Moderate, and Conservative. Each consists of 4 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 ages.
Static investment options: Select among 5 multi-fund portfolios, (Franklin Founding Funds, Franklin Growth Allocation, Franklin Corefolio, Franklin Growth & Income Allocation, and Franklin Income Allocation), 8 individual-fund portfolios, and a Franklin Money 529 Portfolio.
Underlying investments: Franklin Templeton mutual funds, a Franklin Templeton money market portfolio and possibly ETFs.
Enrollment or application fee: None, but contributions may be subject to a sales charge depending on share class.
Account maintenance fee: None
Program management fees: 0.25% manager fee, plus distribution/servicing fees of 0.25% (Class A), or 1.00% (Classes B and C); none for Franklin Money Portfolio.
Expenses of the underlying investments: Ranges from 0.31% to 0.81% (portfolio weighted average) in the age-based and objective-based portfolios, and from 0.07% to 0.97% in the individual-fund portfolios.
Total asset-based expense ratio: Class A: 0.08% - 1.47%
Class B (Franklin Money Portfolio):0.09%
Class C: 0.08% - 2.22%
Program match on contributions: There is no program match, however New Jersey beneficiaries are eligible for a one-time scholarship of up to $1,500 for the first semester at any New Jersey college or university subject to minimum participation and contribution requirements.
State tax deduction or credit for contributions: None.
Web site: Click here to visit
Telephone: 1-866-362-1597
Twitter Click here to visit
Facebook Click here to visit
Compare more 529 plans



Powered by
Copyright 2005, LLC. All Rights Reserved.
Bankrate disclaimer: The following disclaimer (revised only to the extent necessary to maintain consistent defined terms with’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
Stafford - in school 4.66%
PLUS loan 7.21%
Private loan 7.35%

  College planning  
  Tax-free savings  
  Financial aid  
  Home equity loan  

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. ®, Copyright © 2015 Bankrate, Inc., All Rights Reserved, Terms of Use.