* Largest by assets, according to the 529 Quarterly Data Update, Fourth Quarter 2022 from ISS Market Intelligence. As of December 31, 2022, CollegeAmerica’s assets under management (AUM) was $74.6 billion.
† As of December 31, 2022.
‡ 529 College Savings Quarterly Fee Analysis, Fourth Quarter 2022 from ISS Market Intelligence. CollegeAmerica’s fees were in the lowest fee quartile of the 31 national advisor-sold 529 plans and in the second lowest fee quartile of the 29 national fee-based, advisor-sold 529 plans, based on the average annual asset-based fees that included CollegeAmerica's Class 529-A and 529-F-3 shares, respectively. The 0.58% average annual asset-based fee for CollegeAmerica's Class 529-F-2 shares was significantly lower than the 0.65% average annual asset-based fee for national fee-based, advisor-sold 529 plans.
§ Funds in a 529 savings account can also be used for payments toward the principal and interest of a qualified student loan (up to a $10,000 lifetime maximum per individual) for the beneficiary and each of the beneficiary's siblings. Beginning in 2024, unused funds held in a 529 account can be rolled over to a Roth IRA (individual retirement account) for the beneficiary if the account meets certain requirements. Penalty-free rollovers can be made if the account has been open for more than 15 years, and the amount to be rolled over must have been in the account for a minimum of five years. This rollover allowance has a $35,000 lifetime cap per beneficiary.