Low Fees

Simplicity and a low-cost fee structure have helped the Utah Educational Savings Plan to consistently rank among the best 529 college savings plans in the country.1 You can open your Utah Educational Savings Plan account today with no start-up fees, no minimum investment, and no ongoing deposit requirements. You can set up a payment schedule that suits your financial goals and needs—whether that means once a month or once a year.

Low fees, combined with federal and Utah state tax benefits, help to put more of your investment dollars to work. The Utah Educational Savings Plan keeps administrative fees to a minimum. Account owners are charged asset fees as little as 0.22% to 0.35% annually plus a maintenance fee of no more than $15 per year. The maintenance fee is waived for all Utah residents. And because the money in your account will grow tax-deferred, you could save more than with a taxable investment. How you choose to invest today could make a big difference down the road.

Click here to view the Utah Educational Savings Plan fee structure chart.

 

1 Morningstar, Inc. Independent Investment Research, February, 2006.

© 2009 Utah State Board of Regents, all rights reserved.
The terms Utah Educational Savings Plan and UESP are registered service marks.

Investors should read the Program Description and consider all investment objectives, risks, charges, and expenses before investing. The Program Description is available for download on the Web or a hard copy can be mailed to you by requesting it online from this Web site.

FDIC Insurance. Except for the underlying investment specified below, investments in UESP are not insured by the Federal Deposit Insurance Corporation (FDIC). FDIC insurance is provided for the FDIC-insured savings account held in trust by UESP at Zions First National Bank (Bank). Funds in the savings account are insured by the FDIC on a pass-through basis to each account owner up to the maximum amount set by federal law—currently $250,000 through December 31, 2013, and $100,000 thereafter. The amount of FDIC insurance provided to an account owner is based on the total of (1) the value of an account owner’s investment in UESP’s FDIC-insured savings account plus (2) the value of other accounts held (if any) at the Bank, as determined by the Bank and by FDIC regulations.

No Other Insurance and No Guarantees. Investments in UESP are not insured nor guaranteed by the State of Utah, UESP, the Utah State Board of Regents, the Utah Higher Education Assistance Authority, other state agencies, federal government agencies (except to the extent noted above regarding FDIC insurance ), or any employees or directors of any such entities. Units in UESP have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

Account Value. The value of your UESP account may vary depending on market conditions and the performance of the investment option you select. It could be more or less than the amount you contribute; in short, your investment could lose value. However, subject to the application of Bank and FDIC rules and regulations to each account owner, funds in UESP’s FDIC-insured savings account will retain their value, whether in Option 11 or when allocated to portions of Options 2, 7, 8, and 9.

Non-Utah taxpayers and residents: You should determine whether the state in which you or your beneficiary pay taxes or live offers a 529 plan that provides state tax or other benefits not otherwise available to you by investing in UESP. You should consider such state tax treatment and benefits, if any, before investing in UESP.

 

"Generally speaking, it's still Utah— which is one of the reasons that it is perennially on top of our list of the best 529 plans."

Morningstar, Inc.
Independent Investment Research
May 10, 2007