Connecticut 529 plan archive
|This page has been superseded by 529 plans by state. The information shown here is for historical purposes only and may be inaccurate.|
The Connecticut 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
|Program match on contributions:||none|
|State tax deduction or credit for contributions:||Contributions to the Connecticut 529 plan of up to $5,000 per year for an individual taxpayer, and $10,000 per year for a married couple filing jointly, are deductible in computing Connecticut taxable income, with a five-year carryforward of excess contributions. Rollover contributions are not deductible. Contribution deadline is December 31 postmark if by mail, or final business day of the year if by electronic payment.|
|State tax recapture provisions:||none|
|Age-based investment options:||Three age-based options,the Conservative, Moderate, and Aggressive Managed Allocation Options, are offered, each containing six portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary’s age and later reassigned to more conservative portfolios as the beneficiary approaches college age.|
|Static investment options:||Six options are offered in addition to the Principal Plus Interest and the Money Market options.|
|Expenses:||0.32% - 0.95%; Principal Plus Interest Option: 0.00%|
|Policy Regarding Ownership Changes:||Accepts requests to transfer account ownership.|
|Policy Regarding Beneficiary Changes:||Accepts requests to change designated beneficiary.|
|Policy Regarding Rollovers:||Accepts incoming direct and indirect rollovers.
Allows outgoing direct and indirect rollovers.
The Connecticut 529 savings plan offers an age-based option which is primarily indexed (active funds include Real Estate, Inflation-Linked, Global Bond, and Short-Term bond funds).
|Age 0-3||Age 4-7||Age 8-11||Age 12-14||Age 15-17||Age 18+|
|Managed Allocation (Age-Based) Underlying Funds|
|TIAA-CREF Equity Index|
|TIAA-CREF International Equity Index|
|DFA Emerging Markets Core Equity Portfolio|
|TIAA-CREF Real Estate Securities|
|TIAA-CREF Bond Index|
|TIAA-CREF Inflation- Linked Bond|
|Templeton Global Bond Fund|
|TIAA-CREF Short-Term Bond Fund|
|TIAA-CREF Money Market Fund|
The Connecticut 529 savings plan offers three static multi-fund portfolios: an all Equity fund that is indexed; a High Equity fund that is mostly indexed; and an actively managed Bond fund.
| Equity Index Option
| High Equity Option
| Active Fixed Income Option|
The plan also offers four standalone single asset class portfolios. These include an indexed bond fund linked to the Barclays Capital US Aggregate Bond Index.
|Standalone Single Portfolios|
|TIAA-CREF Social Choice Fund (ER 0.39%)|
|TIAA CREF Index Fixed-Income (ER 0.32%)|
|TIAA-CREF Money Market Fund (ER 0.34%)|
|TIAA Principal Plus Interest Option (ER 0%)|