College & Career

Iowa

IAdvisor 529 Plan
5 Cap Ratings
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Summary

The IAdvisor 529 Plan is managed by Voya Investment Management Co. LLC. Voya 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 Baillie Gifford, BlackRock, CBRE Clarion, Delaware Investments Fund Advisers, Goldman Sachs, Hahn Capital Management, J.P. Morgan, Lazard, LSV, T. Rowe Price, Van Eck, Voya IM and Wellington.

Program Details
  • Summary: The IAdvisor 529 Plan is managed by Voya Investment Management Co. LLC. Voya 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 Baillie Gifford, BlackRock, CBRE Clarion, Delaware Investments Fund Advisers, Goldman Sachs, Hahn Capital Management, J.P. Morgan, Lazard, LSV, T. Rowe Price, Van Eck, Voya IM and Wellington.
  • Program type: Savings
  • Program manager: Voya Investment Management Co. 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 Voya funds managed b y BG Overseas, BlackRock Financial Management, CBRE Clarion, DIFA, Goldman Sachs, Hahn Capital Management, JPMorgan, Lazard, LSV, T. Rowe Price, Van Eck, Voya IM, and Wellington.
  • Underlying investments: Mutual funds from Baillie Gifford, BlackRock, Clarion, Delaware, Goldman Sachs, Hahn Capital Management, JP Morgan, Lazard, LSV, T. Rowe, Van Eck, Voya IM, 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: 0.49% - 0.72% in the age-based and static options; 0.27% - 1.05% in the individual options.
  • 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 $3,188 for 2016 per beneficiary by an individual, and up to $6,376 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. Iowa residents may elect to treat contributions made through the deadline (excluding extensions) for filing an individual Iowa state income tax return (generally April 30) as having been made in the prior year in order to claim the allowable annual deducti on their Iowa state tax return for the prior year.
  • Web site: Click here to visit
  • Telephone: 1-800-774-5127
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