Indiana 529 Plan

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College Savings

529 Plans
Coverdell Education Savings Accounts
US Savings Bonds

This page provides information on Direct-sold 529 Plans and highlights indexed portfolios. All information is derived from Savingforcollege.com and from 529 plan sites and disclosure documents. If you would like to compare this plan with other direct sold plans, use these Compare by Plan Name and Compare by Feature tools.

  • Open to Residents
  • Open to non-residents
Indiana 529 Plan
Program match on contributions: none
State tax deduction or credit for contributions: Beginning in 2007, a 20% tax credit on up to $5,000 per year in contributions, including rollover contributions, to the Indiana 529 plan can be claimed against Indiana income tax (maximum yearly credit is $1,000).
State tax recapture provisions: An account owner must pay with the Indiana tax return a tax equal to the 20 percent of a nonqualified withdrawal from this plan, to the extent of Indiana tax credits previously claimed. Nonqualified withdrawals for this purpose include rollovers but do not include withdrawals made as the result of the beneficiary's death or disability or withdrawals made on account of the beneficiary's receipt of a scholarship. Recapture will apply to any account terminated within 12 months from account opening date.
Age-based investment options: The Age-Based Program contains six portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary’s age, and later reassigned to more conservative portfolios as the beneficiary approaches college age. The expense ratio for these portfolios is 0.51%.
Static investment options: The plan offers three Vanguard portfolios.
Expenses: 0.35% - 0.95% . There is a $20 annual account fee for plan balances under $25,000.
Policy Regarding Ownership Changes Accepts requests to transfer account ownership.


Age-based Funds
Aggressive Growth Growth Moderate Growth Conservative Growth Income Conservative Income
  • Vanguard S&P 500 Index Fund (60%)
  • Vanguard Extended Market Index Fund (15%)
  • Vanguard Institutional Developed Markets Index Fund (25%)
  • Vanguard S&P 500 Index Fund (48%)
  • Vanguard Extended Market Index Fund (12%)
  • Vanguard Institutional Developed Markets Index Fund (20%)
  • Vanguard Total Bond Market Index Fund (20%)
  • Vanguard S&P 500 Index Fund (36%)
  • Vanguard Extended Market Index Fund (9%)
  • Vanguard Institutional Developed Markets Index Fund (15%)
  • Vanguard Total Bond Market Index Fund (40%)
  • Vanguard S&P 500 Index Fund (30%)
  • Vanguard Extended Market Index Fund (8%)
  • Vanguard Institutional Developed Markets Index Fund (12%)
  • Vanguard Total Bond Market Index Fund (50%)
  • Vanguard S&P 500 Index Fund (18%)
  • Vanguard Extended Market Index Fund (4%)
  • Vanguard Institutional Developed Markets Index Fund (8%)
  • Vanguard Total Bond Market Index Fund (47%)
  • Vanguard Short Term Bond Index Fund (23%}
  • Vanguard S&P 500 Index Fund (10%)
  • Vanguard Institutional Developed Markets Index Fund (5%)
  • Vanguard Total Bond Market Index Fund (35%)
  • Vanguard Short Term Bond Index Fund (25%}
  • Vanguard Prime Money Market Fund (25%)



Single Funds
Vanguard Portfolios


  • Vanguard Total Stock Market Index Fund (100%) (ER 0.35%)
  • Vanguard Short Term Bond Index Fund (100%) (ER 0.40%)
  • Vanguard Prime Money Market Fund (100%) (ER 0.38%)


External Links

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529 Plans

529 Plans

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