529 College Savings Plan

Free for Digital Wealth Management Clients

In partnership with my529, we offer 529 College Savings Plans for your children or grandchildren using Dimensional (DFA) mutual funds. Simply choose from one of the three options below and then open new account.

As a professional courtesy, we provide this service free of charge to Digital Wealth Management clients. However, the plan administrator – my529 – charges administrative fees in addition to the underlying fund expense ratio as indicated below. Please note that sustainability portfolios are not available at this time.

 

OPTION 3
Age-Based Portfolio Transitions from
100% Global Equity to 25% Global Equity / 75% Fixed Income


IMPORTANT LEGAL NOTICE

Investing is an important decision. Read the Program Description in its entirety for more information and consider all investment objectives, risks, charges, and expenses before investing. The Program Description is available for download here, or a printed copy can be mailed to you by requesting it online at info@my529.org.

Account Value. The value of your my529 account may vary depending on market conditions and the performance of the my529 investment option you select. It could be more or less than the amount you contribute. In short, your investment could lose value.

However, my529 offers some investments insured by the Federal Deposit Insurance Corporation (FDIC), which will guarantee that portion of your investment up to certain limits, as described below.

No Guarantees. Investments in my529 are not insured or guaranteed by my529, the Utah State Board of Regents, the Utah Higher Education Assistance Authority or any other state or federal agency. Your investment could lose value. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-insured accounts. Please read the Program Description to learn about the FDIC-insured accounts. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC Insurance. Except as described in this paragraph, investments in my529 are not insured by the FDIC. However, my529 offers an FDIC-Insured investment option. In addition, my529 offers investment options that include FDIC-insured accounts as underlying investments. FDIC insurance, up to applicable limits, is provided for the FDIC-insured accounts held in trust by my529 at Sallie Mae Bank and U.S. Bank National Association (U.S. Bank) (collectively Banks). Contributions to and earnings on the FDIC-insured accounts are allocated between the Banks according to the following percentages: Sallie Mae Bank (90 percent) and U.S. Bank (10 percent). Money in the FDIC-insured accounts is insured by the FDIC on a pass-through basis to each account owner at each Bank up to the maximum amount set by federal law, which is $250,000 at each Bank. 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 the FDIC-insured accounts at each Bank plus (2) the value of other accounts (if any) owned by the account owner and held at each Bank, as determined by the Banks and by FDIC regulations.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pays taxes or lives may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided in this document does not contain legal, financial, investment, or tax advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.

my529 does not pay commissions, loads, or sales charges to financial advisors, nor does it endorse financial advisors.

* An investment allocation to this fund may not exceed 25 percent in the account. Therefore, the total operating expense ratio will reflect the weighted allocation to the underlying investment.

† The total operating expense ratio reflects a fee waiver pursuant to a Fee Waiver Agreement in effect through February 28, 2020. The total operating expense ratio may increase if the Fee Waiver Agreement is not extended beyond February 28, 2020.

Note: All numbers are rounded to the third decimal place.