Illinois 529 plan archive

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The Illinois 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
Illinois 529 Plan:
Program match on contributions: none
State tax deduction or credit for contributions: Contributions to any of Illinois' 529 plans of up to $10,000 per year for an individual taxpayer, and $20,000 per year for married taxpayers filing jointly, are deductible in computing Illinois taxable income. For a rollover contribution, only the principal portion is eligible for the deduction. Contribution deadline is December 31 postmark.
State tax recapture provisions: Beginning in 2007, rollovers from this plan to an out-of-state program are included in Illinois taxable income to the extent of prior Illinois deductions. Nonqualified distributions apparently remain free from recapture.
Age-based investment options: Choose between the Blended Age Based Portfolios and the Index Age Based Portfolios, each containing six portfolios of underlying equity, fixed income, and money market investments. The "Blended" portfolios consist of a mixture of active and index 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: Select among four Blended Portfolios and three Index Portfolios. The Blended Portfolio choices are Equity, Balanced, Fixed Income, and Principal Protection Income (a guaranteed investment contract). The Index Portfolio choices are Equity, Balanced, and Fixed Income. The "Blended" portfolios consist of a mixture of active and index funds.
Expenses: 0.18% - 0.67%.

0.18% - 0.23% for Index funds. $10 annual maintenance fee for each Index Portfolio/

Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.

Investment options

Age-based

The Illinois 529 savings plan provides an aged-based plan consisting of the the following portfolios with the listed underlying index funds.[1]

Index Portfolios
Aged Based Asset Allocation Underlying Investments Plan Fees
Age 0-6

Chart-invest-age-0-index.png

  • Equity: 90%
  • Fixed Income: 10%
  • Money Market: 0%
  • Vanguard Institutional Index Fund (63%)
  • Vanguard Extended Market Index (9%)
  • Vanguard Developed Market Index (18%)
  • Vanguard Total Bond Market Index (8%)
  • Vanguard Short Term Bond Index (2%)
  • Oppenheimer Institutional Money Market Fund (0%)

0.18%

Age 7-9

Chart-invest-age-7-index.png

  • Equity: 70%
  • Fixed Income: 25%
  • Money Market: 5%
  • Vanguard Institutional Index Fund (49%)
  • Vanguard Extended Market Index (7%)
  • Vanguard Developed Market Index (14%)
  • Vanguard Total Bond Market Index (15%)
  • Vanguard Short Term Bond Index (10%)
  • Oppenheimer Institutional Money Market Fund (5%)

0.19%

Age 10-11

Chart-invest-age-10-index.png

  • Equity: 60%
  • Fixed Income: 35%
  • Money Market: 5%
  • Vanguard Institutional Index Fund (42%)
  • Vanguard Extended Market Index (6%)
  • Vanguard Developed Market Index (12%)
  • Vanguard Total Bond Market Index (20%)
  • Vanguard Short Term Bond Index (15%)
  • Oppenheimer Institutional Money Market Fund (5%)

0.19%

Age 12-14

Chart-invest-age-12-index.png

  • Equity: 50%
  • Fixed Income: 40%
  • Money Market: 10%
  • Vanguard Institutional Index Fund (35%)
  • Vanguard Extended Market Index (5%)
  • Vanguard Developed Market Index (10%)
  • Vanguard Total Bond Market Index (20%)
  • Vanguard Short Term Bond Index (20%)
  • Oppenheimer Institutional Money Market Fund (10%)

0.20%

Age 15-17

Chart-invest-age-15-index.png

  • Equity: 30%
  • Fixed Income: 55%
  • Money Market: 15%
  • Vanguard Institutional Index Fund (21%)
  • Vanguard Extended Market Index (3%)
  • Vanguard Developed Market Index (6%)
  • Vanguard Total Bond Market Index (25%)
  • Vanguard Short Term Bond Index (30%)
  • Oppenheimer Institutional Money Market Fund (15%)

0.21%

Age 18+

Chart-invest-age-18-index.png

  • Equity: 10%
  • Fixed Income: 75%
  • Money Market: 15%
  • Vanguard Institutional Index Fund (7%)
  • Vanguard Extended Market Index (1%)
  • Vanguard Developed Market Index (2%)
  • Vanguard Total Bond Market Index (25%)
  • Vanguard Short Term Bond Index (50%)
  • Oppenheimer Institutional Money Market Fund (15%)

0.22%

Static

The Illinois 529 savings plan provides the following static multi-fund index portfolios.[1]

Static Multi-fund Index Portfolios
Choice Based Asset Allocation Underlying Investments Plan Fees
Equity

Chart-invest-choice-equity-all.png

  • Equity: 100%
  • Fixed Income: 0%
  • Money Market: 0%
  • Vanguard Institutional Index Fund (70%)
  • Vanguard Extended Market Index (10%)
  • Vanguard Developed Market Index (20%)
  • Vanguard Total Bond Market Index (0%)
  • Vanguard Short Term Bond Index (0%)
  • Oppenheimer Institutional Money Market Fund (0%)

0.18%

Balanced

Chart-invest-choice-balanced-all.png

  • Equity: 50%
  • Fixed Income: 40%
  • Money Market: 10%
  • Vanguard Institutional Index Fund (35%)
  • Vanguard Extended Market Index (5%)
  • Vanguard Developed Market Index (10%)
  • Vanguard Total Bond Market Index (20%)
  • Vanguard Short Term Bond Index (20%)
  • Oppenheimer Institutional Money Market Fund (10%)

0.20%

Fixed Income

Chart-invest-choice-fixed-all.png

  • Equity: 0%
  • Fixed Income: 85%
  • Money Market: 15%
  • Vanguard Institutional Index Fund (0%)
  • Vanguard Extended Market Index (0%)
  • Vanguard Developed Market Index (0%)
  • Vanguard Total Bond Market Index (40%)
  • Vanguard Short Term Bond Index (45%)
  • Oppenheimer Institutional Money Market Fund (15%)

0.22%

References

  1. 1.0 1.1 Bright Start Direct Fee Allocation Worksheet, September 30, 2016. Viewed July 10, 2017.

External links