College & Career

Texas

Texas College Savings Plan
5 Cap Ratings
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Summary

The Texas College Savings plan, managed by NorthStar Financial Services Group, LLC offers two age-based investment options and eight static options using underlying investments managed by Artisan, DFA, Dodge & Cox, Dreyfus, Invesco, T. Rowe Price, TIAA-CREF, and Vanguard.

Program Details
  • Summary: The Texas College Savings plan, managed by NorthStar Financial Services Group, LLC offers two age-based investment options and eight static options using underlying investments managed by Artisan, DFA, Dodge & Cox, Dreyfus, Invesco, T. Rowe Price, TIAA-CREF, and Vanguard.
  • Program type: Savings
  • Program manager: NorthStar Financial Services Group, LLC
  • State residency requirements: None
  • Maximum contributions: Accepts contributions until all account balances in Texas' 529 plans for the same beneficiary reach $370,000.
  • Minimum contributions: $25 per portfolio, or $15 per portfolio with the automatic contribution plan.
  • Age-based investment options: Select either the Blended Age-based Portfolios, which offers underlying investments that are both actively and passively managed, or the Index Age-Based Portfolios, which offers passively managed investments. Each option consists of 6 portfolios of underlying investments. Contributions are placed into the portfolio that corresponds to the age of the beneficiary. The portfolios automatically shift to a more conservative investment allocation over time.
  • Static investment options: Select among 4 multi-fund portfolios (two of which use only index funds), 2 individual-fund bond portfolios, and the Money Market and U.S. Government Money Market Portfolios.
  • Underlying investments: Mutual funds and investment strategies managed by Artisan, DFA, Dodge & Cox, Dreyfus, Invesco, T. Rowe Price, TIAA-CREF, and Vanguard.
  • Enrollment or application fee: None.
  • Account maintenance fee: None.
  • Program management fees: 0.535% manager fee for the Index Portfolios and 0.6193% manager fee (including 0.0843% state administrative fee) for the Blended Portfolios and Individual Fund Portfolios.
  • Expenses of the underlying investments: 0.0642% to 0.0857% in the Index portfolios; 0.1097% to 0.3773% in the Blended Portfolios; and 0.05% to 0.14% in the Individual Fund Portfolios.
  • Total asset-based expense ratio: 0.5992% - 0.9966%
  • Program match on contributions: None.
  • State tax deduction or credit for contributions: Not applicable. Texas does not have a personal income tax.
  • Web site: Click here to visit
  • Telephone: 1-800-445-4723, option 3
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