Wisconsin’s Edvest 529 college savings plan reached $7 billion in assets under management.
The milestone of growth has resulted in a reduction in Edvest’s plan manager fee to 0.04% as of June 1, meaning account owners will pay lower fees. It was 0.05% in June 2025 when the plan hit $6 billion in assets.
This drop in fees should save account owners over $700,000 annually in combined fees.
“The rapid growth of Edvest 529, reaching $7 billion in less than a year after the previous milestone, underscores the confidence Wisconsin families place in the plan,” Wisconsin Department of Financial Institutions Secretary Wendy Baumann said in a statement.
“This growth allows us to deliver meaningful savings back to our account owners through lower fees, so more of each contribution can be invested for a child’s future. Making it easier and more cost-effective for families to save for education is central to our mission, and this fee reduction reflects that commitment.”
