Alaska 529 plan

Alaska 529 Plan

Program match on contributions: None, but offers tuition-value guarantee for University of Alaska students invested in the ACT Portfolio.

State tax deduction or credit for contributions: Not applicable. Alaska does not have a personal income tax.

Age-based investment options: The Enrollment-Based Portfolios contain eight portfolios of underlying mutual funds, ranging from 100% equity to 20% equity. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. Seven portfolios shift to a more conservative investment allocation over time, eventually transferring to the College portfolio.

Static investment options: Select among four multi-fund portfolios (Equity Portfolio, Fixed-Income Portfolio, Balanced Portfolio, and ACT Portfolio), an individual-fund portfolio (Total Equity Market Index Portfolio), and the Money Market Portfolio. The ACT Portfolio is guaranteed by the University of Alaska to provide a minimum return equal to tuition increases at the University of Alaska, but only for beneficiaries enrolling at that institution.

Single Funds
 * ACT Portfolio (ER 0.33%)
 * Equity Index 500 and/or Extended Equity Market Index (35% to 45%)
 * U.S. Bond Index (15% to 65%)
 * Short-Term Bond and/or Summit Cash Reserves (0% to 40%)


 * The Total Market Equity Index Portfolio (ER 0.68%)

Expenses: 0.33% - 0.98%


 * Plan site
 * Plan document

Links

 * Morningstar Overview
 * Morningstar Overview ACT]
 * State Creditor Protections for 529 Plans