Difference between revisions of "New York 529 plan archive"

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Latest revision as of 20:51, 6 November 2017

The New York 529 plan archive 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
New York 529 Plan:[1]
Program match on contributions: none
State tax deduction or credit for contributions: Contributions to any of New York's 529 plans of up to $5,000 per year for an individual taxpayer, and $10,000 per year for married taxpayers filing jointly, are deductible in computing New York taxable income. Only contributions made by the account owner, or if filing jointly, by the account owner's spouse, are deductible. Contribution deadline is December 31 postmark.
State tax recapture provisions: The principal portion of rollovers and nonqualified withdrawals from this plan are subject to New York tax to the extent of prior New York tax deductions, but only after removal of non-deducted contributions. A rollover for this purpose does not include a trustee-to-trustee transfer between two different accounts in New York's 529 plan.
Age-based investment options: The Age-Based Option offers a choice among three different risk levels (Aggressive, Moderate, or Conservative) each containing five portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and beneficiary’s age, and later reassigned to to more conservative portfolios as the beneficiary approaches college age.
Static investment options: Select among four multi-fund portfolios (Growth, Moderate Growth, Conservative Growth, and Income), seven individual index-fund portfolios, and the Vanguard Short-Term Reserves Account.
Expenses: 0.16% (all funds).
Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.
Policy Regarding Beneficiary Changes: Allowed if new beneficiary is a member of the family.

Investment options

Age-based option

The New York age-based plan utilizes the portfolios listed below. The portfolios have the same allocations as the namesake multi-fund portfolios.

Age-Based Index Portfolios Underlying Funds
Funds

NYAgebased.png

  • Vanguard Aggressive Growth Portfolio
  • Vanguard Growth Portfolio
  • Vanguard Moderate Growth Portfolio
  • Vanguard Conservative Growth Portfolio
  • Vanguard Income Portfolio
  • Vanguard Money Market Portfolio
  • Vanguard Interest Accumulation Portfolio


Static

The table below provides the underlying index funds comprising the New York 529 savings plan's static multi-fund portfolios.

Static Allocation Portfolios
Vanguard funds
Aggressive Growth

NY-AGrow.png

Growth

NY-Grow.png

Moderate Growth

NY-MGrow.png

Conservative Growth

NY-CGrow.png

Income

NY-Income.png

  • Institutional Total Stock Market Index Fund (100%)
  • Institutional Total Stock Market Index Fund (75%)
  • Institutional Total Bond II Market Index Fund (25%)
  • Institutional Total Stock Market Index Fund (50%)
  • Institutional Total Bond Market II Index Fund (50%)
  • Institutional Total Stock Market Index Fund (25%)
  • Institutional Total Bond Market II Index Fund (75%)


  • Institutional Total Bond Market II Index Fund (50%)
  • Inflation-Protected Securities Fund (25%)
  • Short-Term Reserves Account (25%)

Standalone

The table below lists the individual stand-alone portfolios available to investors in the New York 529 savings plan.

Single Funds
Vanguard funds Expense ratio
Developed Markets Index Portfolio 0.16%
Growth Stock Index Portfolio 0.16%
Value Stock Index Portfolio 0.16%
Mid-Cap Stock Index Portfolio 0.16%
Small-Cap Stock Index Portfolio 0.16%
Bond Market Index Portfolio 0.16%
Inflation-Protected Securities Portfolio 0.16%
Interest Accumulation Portfolio 0.16%

References

External links