Florida 529 plan archive

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The Florida 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


Florida 529 Savings Plan [1]
Program match on contributions: none
State tax deduction or credit for contributions: Not applicable. Florida does not have a personal income tax.
Age-based investment options: The Age-Based / Years-To-Enrollment Option contains five age bands with each band targeting a different allocation between the Fixed Income portfolio and the U.S. Equity portfolio. Contributions are invested based on the assignment of the beneficiary to one of the five age bands.
Static investment options: Select among four separately-managed portfolios (Fixed Income, U.S. Equity, Balanced, and Money Market).

[Allocations include an S&P 500 index fund along with actively managed funds]. The Florida Prepaid College Board selects and reviews the multiple investment managers according to the plan's criteria.[2]

Expenses: 0.75%.
Policy Regarding Ownership Changes: Accepts requests to transfer account ownership. For accounts opened after February 1, 2009, to change the survivor account owner, the current survivor must sign a written request.
Policy Regarding Beneficiary Changes: Accepts requests to change designated beneficiary, subject to the approval of the survivor account owner (if designated).
Policy Regarding Rollovers: Accepts incoming rollovers.

Allows outgoing rollovers, subject to $50 termination fee. A rollover may require notarized, written request from account owner and survivor account owner (for accounts opened after February 1, 2009).

References

External links