Difference between revisions of "North Carolina 529 plan archive"

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Latest revision as of 20:53, 6 November 2017

The North Carolina 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
North Carolina 529 Plan:
Program match on contributions: None.
State tax deduction or credit for contributions: The state tax deduction was eliminated, effective in 2014. For 2007-2013, contributions to all North Carolina 529 plans of up to $2,500 per year for an individual taxpayer, and $5,000 per year for married taxpayers filing a joint return, are deductible in computing North Carolina taxable income.
State tax recapture provisions: None.
Age-based investment options: The Age-Based Option offers a choice among three different risk levels (Aggressive, Moderate, or Conservative), each containing portfolios of underlying Vanguard mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and number of years to expected enrollment, and later reassigned to more conservative portfolios when the beneficiary reaches age 19.
Static investment options: Vanguard multifund portfolios are available for five risk based allocations. Four individual funds are available
Expenses: 0.25% - 0.40% Dependable Income Fund < 0.05%.
Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.

Investment options

Age-based option

The North Carolina 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

NCAgebased.jpg

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

Static

The table below lists the underlying funds comprising the North Carolina 529 savings plans 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 (70%)
  • Vanguard Total International Stock Index Fund (30%)


  • Institutional Total Stock Market Index Fund (52.5%)
  • Total International Stock Index Fund (22.5%)
  • Institutional Total Bond II Market Index Fund (25%)
  • Institutional Total Stock Market Index Fund (35%)
  • Total International Stock Index Fund (15%)
  • Institutional Total Bond Market II Index Fund (50%)
  • Institutional Total Stock Market Index Fund (17.5%)
  • Total International Stock Index Fund (7.5%)
  • 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 standalone funds available to investors in the North Carolina 529 savings plan.

Individual Funds
Vanguard Institutional Total Stock Market Index Fund (ER 0.34%)
Vanguard Total International Stock Index Fund (ER 0.44%)
Vanguard Total Bond Market Index Fund (ER 0.39%)
Vanguard Prime Money Market Fund (ER 0.41%)

External links