529 College Savings Plan fees reduced

Wisconsin families saving for college through Wisconsin’s Edvest 529 College Savings Plan will see a greater percentage of their contributions going toward higher education expenses now that the plan’s program manager reduced fees by 14%, according to a recent release. Year-to-date, total annual asset-based fees have been lowered by 21%. Edvest reduced management fees from 0.07% to 0.06% of total plan assets in late July. The Wisconsin Department of Financial Institutions negotiated the fee reduction as part of a three-year contract extension with Edvest program manager TIAA-CREF Tuition Financing Inc.