Alabama 529 plan

Alabama 529 Plan

Program match on contributions: None

State tax deduction or credit for contributions: Beginning in 2008, contributions to an Alabama 529 plan of up to $5,000 per year are deductible in computing Alabama taxable income.

Age-based investment options: The Years to Enrollment option is offered in three different risk levels (Aggressive, Moderate, and Conservative) each containing five portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age. [Van Kampen active funds]

Static investment options: Select among three multi-fund portfolios (Equity Portfolio, Bond Portfolio, and Short Term Income Portfolio) and 13 individual-fund portfolios within four asset classes (stock and bond, domestic stock, global and international, and bond).

Single Funds (ER 0.60%)
 * BNY S&P 500 Index Portfolio
 * BNY US Bond Market Index Portfolio

Expenses: 0.60% - 1.47%


 * Plan site
 * Plan Document