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Arizona


Fidelity Arizona College Savings Plan


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

Summary
The Fidelity Arizona College Savings Plan is a Fidelity-managed 529 plan follows the same approach as other Fidelity plans in Delaware, Massachusetts and New Hampshire. It features three age-based options; one using Fidelity mutual funds; one using Fidelity index mutual funds; and a third multi-firm option with portfolios that invest in funds offered by several different companies. The plans also offer 11 static options, and one option that invests in an interest-bearing deposit account.

Program Details
Summary: The Fidelity Arizona College Savings Plan is a Fidelity-managed 529 plan follows the same approach as other Fidelity plans in Delaware, Massachusetts and New Hampshire. It features three age-based options; one using Fidelity mutual funds; one using Fidelity index mutual funds; and a third multi-firm option with portfolios that invest in funds offered by several different companies. The plans also offer 11 static options, and one option that invests in an interest-bearing deposit account.
Program type: Savings
Program manager: Fidelity Investments
State residency requirements: None
Maximum contributions: Accepts contributions until all account balances in Arizona's 529 plans for the same beneficiary reach $396,000.
Minimum contributions: With lump-sum contributions, the minimum initial contribution is $50, and the minimum subsequent contribution is $25. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.
Age-based investment options: Choose between 3 age-based options, one invested in Fidelity mutual funds, another invested in Fidelity index mutual funds, and a third multi-firm option with portfolios that invest in funds offered by several different companies. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.
Static investment options: Select from 6 multi-fund portfolios, 5 individual-fund portfolios and a Bank Deposit Portfolio.
Underlying investments: Fidelity Investments, Aston, BlackRock, Credit Suisse, DWS Investments, Harbor, JPMorgan, Royce, Acadian Funds, Causeway, MFS, William Blair, Eaton Vance, and PIMCO mutual funds. For the Bank Deposit Portfolio only, a deposit in a FDIC-insured interest-bearing account.
Enrollment or application fee: None.
Account maintenance fee: None.
Program management fees: 0.09% for the Fidelity index fund options (includes 0.02% state fee); 0.20% for the Fidelity fund options (includes 0.02% state fee); 0.35% for the multi-firm fund options (includes 0.05% state fee). For the Bank Deposit Portfolio, fees vary from 0.00% to 0.10% (including 0.05% state fee) based on the Federal Funds Target Rate.
Expenses of the underlying investments: Ranges from 0.10% to 0.20% annualized in the Fidelity index fund portfolios, from 0.36% to 0.83% annualized in the Fidelity funds portfolios, and 0.70% to 1.09% in the multi-firm portfolios. For the Bank Deposit Portfolio, there is no underlying fund expense. There is, however, a Bank Administration Fee, which ranges from 0.00%-0.40% and is based on the Federal Funds Target Rate.
Total asset-based expense ratio: 0.19% - 1.44%
Program match on contributions: None.
State tax deduction or credit for contributions: Contributions to Arizona AND non-Arizona 529 plans of up to $2,000 per year by an individual, and up to $4,000 per year by a married couple filing jointly, are deductible in computing Arizona taxable income. The original sunset date of December 31, 2012 has been removed, thus making the deduction permanent.
Web site: Click here to visit
Telephone: 1-800-544-1262
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