Fewer Fees for Education Savings with DE529
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Monday, October 21, 2019
Read the latest news on coronavirus in Delaware. More Info
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Heritage Commission Book of the Week: An Oral History of Elbert Carvel
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Hunters Must Now Register Trail Cameras, Deer Stands and Ground Blinds Left on State Wildlife Areas
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The Mezzanine Gallery to Exhibit “Jamaican Journey” by Katie West
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Middle and High School Students Win Digital Mapping Awards
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Statewide Training on Reunification for School Emergencies
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Delaware Health Agencies Seek Community-Based Applicants For Healthy Women, Healthy Babies Zones Mini-Grants
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DNREC Honors Young Environmentalists, Youth Fishing Tournament Winners at Delaware State Fair
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Migrant Summer School Supports Students, Families
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Why Mental Health is Key to a Child’s Overall Health and Wellbeing
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William Ushler indicted for Child Pornography, Sexual Solicitation of a Child
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Heritage Commission Book of the Week is about Delaware City
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First 2022 Delaware Evidence of West Nile Virus Detected in DNREC’s Sentinel Chickens
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Governor Carney Formally Extends Public Health Emergency
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Delaware Division Of Public Health Reports Two New Cases Of Monkeypox; Risk To Public Remains Low
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Mud Mill Pond Boat Ramp to Close Temporarily for Dam Improvements
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Division of Small Business Awards EDGE Grants to 10 Delaware Companies
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UPDATING: DNREC Monitoring and Investigating Excess Pollution Emissions Caused by Delaware City Refinery Outage
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Governor John Carney Announces the Delaware Women’s Hall of Fame Inductees for 2022
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Money Still Available for Foster Youth to Pursue Higher Education
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AG Jennings announces $34.2 million national settlement with Harris Jewelry
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DNREC, Woodlawn Trustees Preserve Access to Popular Trail Along Brandywine Creek
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Historical Affairs programs in August 2022
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Delaware Division of the Arts Announces First Round of Grants in Support of Arts Projects for Fiscal Year 2023
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Heritage Commission Book of the Week: The Delaware Heritage Cookbook
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Hurricane Preparedness Is No Accident
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Hunters Reminded of Basic Hunter Education Course Requirements
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Governor Carney Announces Changes to Leadership Team
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Recycled Cardboard Boat Regatta Set for Saturday, Aug. 6 on Nanticoke River
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Governor Carney Announces American Rescue Plan Act Housing Initiatives
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First State Students Earn 10 Top 10 Finishes at 2022 National Stem Conference
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Chautauqua Tent Shows To Take Place From Sept. 8–12, 2022
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Delaware Heritage Commission Book of the Week is Delaware: A Guide to the First State
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Flag Lowering for the Victims of the Tragedy in Highland Park, IL
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Statement Regarding the Auditor of Accounts
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The Mezzanine Gallery to Exhibit “Smorgasbord” by Forest Z. Allread
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McGuiness Announces the Release of Two Reports Concerning Delaware’s Water Quality Funding
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Statement From AG Jennings On McGuiness Verdict
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Governor Carney Shares Highlights from Legislative Session
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Delaware Division Of Public Health Recognized As A Healthy People 2030 Champion
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Treasurer Davis to Help Fund New Education Accounts
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Emergency Sirens Test on Tuesday, July 5
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Two State Sponsored Savings Programs to Bring New Tax Deductions
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Statement from AG Jennings on Supreme Court’s Climate Ruling
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Secretary of State Announces Appointment of Director of the Division of Historical and Cultural Affairs
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Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Monday, October 21, 2019
State continues to have one of the lowest-cost investment plans
Treasurer Colleen C. Davis announced today a reduction in fees for Delaware’s 529 Education Savings Plan. Already one of the nation’s lowest-cost savings plans, the reduction is estimated to save participants nearly $87,000 total each year and further incentivize new account openings in the Delaware plan.
“Helping our residents spend less to save is so important. Education is already expensive, and now participants can keep more of their investment earnings to use towards those costs,” said Treasurer Davis. “With no minimum to open an account, and some of the lowest fees nationwide, we’re working to make sure that people of all income levels can save for a better future.”
Fees vary based on the participant’s investment strategy and are collected to administer the plan. Participants do not need to take any action for the fee reduction, which began October 1.
The number of accounts in the Delaware 529 Plan have grown by 4% over the last three years, outpacing the industry nationwide. Nearly 22,000 accounts in the plan hold more than $686 million in investments.
Delaware’s 529 is a tax-advantaged savings plan that is available to the public, easy to open, and offer investment options so that savings may grow over time until they are used for associated costs including tuition, books, housing, apprenticeships and more. Learn more about at 529.Delaware.Gov.
Related Topics: 529, college savings, education savings, Office of the State Treasurer, saving money, savings, State Treasurer, Treasurer Davis
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Monday, October 21, 2019
State continues to have one of the lowest-cost investment plans
Treasurer Colleen C. Davis announced today a reduction in fees for Delaware’s 529 Education Savings Plan. Already one of the nation’s lowest-cost savings plans, the reduction is estimated to save participants nearly $87,000 total each year and further incentivize new account openings in the Delaware plan.
“Helping our residents spend less to save is so important. Education is already expensive, and now participants can keep more of their investment earnings to use towards those costs,” said Treasurer Davis. “With no minimum to open an account, and some of the lowest fees nationwide, we’re working to make sure that people of all income levels can save for a better future.”
Fees vary based on the participant’s investment strategy and are collected to administer the plan. Participants do not need to take any action for the fee reduction, which began October 1.
The number of accounts in the Delaware 529 Plan have grown by 4% over the last three years, outpacing the industry nationwide. Nearly 22,000 accounts in the plan hold more than $686 million in investments.
Delaware’s 529 is a tax-advantaged savings plan that is available to the public, easy to open, and offer investment options so that savings may grow over time until they are used for associated costs including tuition, books, housing, apprenticeships and more. Learn more about at 529.Delaware.Gov.
Related Topics: 529, college savings, education savings, Office of the State Treasurer, saving money, savings, State Treasurer, Treasurer Davis
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.
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