Alaska 529 plan

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The Alaska 529 plan page provides information on direct-sold 529 plans and highlights indexed portfolios. All information is derived from 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
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.
Expenses: 0.31% - 0.90% The $20 account fee is waived: investment in the ACT Portfolio; single account has a balance of at least $25,000; total of all accounts for a single account holder is greater than $75,000; or for enrolling in automatic contributions.

The program manager fee (0.20%) is waived for the ACT Portfolio.

Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.
Policy Regarding Beneficiary Changes: Accepts requests to change designated beneficiary.
Policy Regarding Rollovers: Allows Rollovers.

Single Funds

ACT Portfolio (ER 0.31%)

The Total Market Equity Index Portfolio (ER 0.60%)
  • Equity Index 500 and/or Extended Equity Market Index (35% to 45%)
  • U.S. Bond Enhanced Index (15% to 65%)
  • Inflation Focused Bond (0% to 40%)
  • Total Market Equity Index Portfolio

External links