College & Career


MOST - Missouri's 529 College Savings Plan (Direct-sold)
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MOST - Missouri's 529 College Savings Plan (Direct-sold), managed by Ascensus College Savings, features three-age based options and 15 static portfolios with Vanguard funds. Accounts can be linked to the Upromise rewards service.

Program Details
  • Summary: MOST - Missouri's 529 College Savings Plan (Direct-sold), managed by Ascensus College Savings, features three-age based options and 15 static portfolios with Vanguard funds. Accounts can be linked to the Upromise rewards service.
  • Program type: Savings
  • Program manager: Ascensus College Savings
  • State residency requirements: None
  • Maximum contributions: Accepts contributions until all account balances in Missouri's 529 plans for the same beneficiary reach $325,000.
  • Minimum contributions: $25, or $15 per pay period via payroll deduction.
  • Age-based investment options: The Age-Based option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 5 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.
  • Static investment options: Select among 6 multi-fund portfolios and 9 individual-fund portfolios.
  • Underlying investments: Vanguard mutual funds.
  • Enrollment or application fee: None
  • Account maintenance fee: $10 annually, waived for account owners or beneficiaries who are Missouri residents, by choosing electronic delivery for all plan documents, or for accounts with greater than $10,000.
  • Program management fees: 0.21% - 0.30%
  • Expenses of the underlying investments: 0.02% - 0.35%
  • Total asset-based expense ratio: 0.29% - 0.61%
  • Program match on contributions: Beginning in 2012, a matching grant is available for eligible applicants who are Missouri residents and who have opened a plan account for a beneficiary 13 years old or younger who is also a Missouri resident. The matching rate is dollar for dollar up to a maximum of $500 per beneficiary with a lifetime maximum of $2,500 per beneficiary. The applicant must be an account owner who is a parent or legal guardian of the beneficiary and the account owner's household Missouri adjusted gross may not exceed $74,999. Applications for matching grants must be submitted each year between June 1 and June 30. A total of $500,000 in matching grants is available over four years, and each year's $125,000 allocation is awarded on a first come first serve basis, with any unused amounts added to the following year.
  • State tax deduction or credit for contributions: Contributions to Missouri AND non-Missouri 529 plans of up to $8,000 per year by an individual, and up to $16,000 per year by a married couple filing jointly, are deductible in computing Missouri taxable income. Only contributions made by the account owner are deductible, except for spouses filing a joint return. Rollover contributions are not deductible. Contribution deadline is December 31 postmark.
  • Web site: Click here to visit
  • Telephone: 1-888-414-6678
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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.

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