Iowa 529 plan

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The Iowa 529 plan 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


Iowa 529 Plan:
Program match on contributions: none
State tax deduction or credit for contributions: Iowa taxpayers can deduct up to $2,975 in contributions per beneficiary account from their adjusted gross income for 2012. The maximum deduction increases each year with inflation. Only contributions made by the account owner are deductible. Contribution deadline is December 31 postmark.
State tax recapture provisions: The principal portion of rollovers and nonqualified withdrawals from this plan are included in Iowa taxable income to the extent of prior Iowa tax deductions.
Age-based investment options: The Age-Based option is offered in four different risk levels (Tracks A, B, C, and D) each containing four or five portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.
Static investment options: Select among six multi-fund portfolios (Aggressive Growth, Growth, Moderate Growth, Conservative Growth, Income, and Conservative Income) and four individual-fund portfolios (Vanguard Institutional Total Stock Market Index Fund , Vanguard Total International Index Fund, Vanguard Total Bond Market II Index Fund, and Vanguard Institutional Prime Money Market Fund)
Expenses: 0.26%
Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.

Investment options

Age-based

The 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

Iowaage-based.gif

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


Static

The table below shows the underlying fund allocations for the Iowa savings plan's Static multi-fund portfolios.


Static Multi-Fund Portfolios
Vanguard funds
Aggressive Growth

IowaAggGrowth.gif

Growth

IowaGrowth.gif

Moderate Growth

IowaModerateGrowth.gif

Conservative Growth

IowaConsGrowth.gif

Income

IowaConsGrowth.gif

Conservative Income

IowaConsIncome.gif

  • Institutional Total Stock Market Fund (70%)
  • Total International Index Fund (30%)


  • Institutional Total Stock Market Fund (56%)
  • Total International Index Fund (24%)
  • Total Bond Market II Index Fund (20%)
  • Institutional Total Stock Market Fund (42%)
  • Total International Index Fund (18%)
  • Total Bond Market II Index Fund (40%)
  • Institutional Total Stock Market Fund (28%)
  • Total International Index Fund (12%)
  • Total Bond Market II Index Fund (60%)


  • Institutional Total Stock Market Fund (14%)
  • Total International Index Fund (16%)
  • Total Bond Market II Index Fund (80%)
  • Total Bond Market II Index Fund (50%)
  • Inflation-Protected Securities Fund 25%
  • Prime Money Market Fund 25%

Standalone single funds

The standalone index portfolios available to investors in the Iowa 529 savings plan are included in the table below.

Standalone portfolios
  • Vanguard Institutional Total Stock Market Index Fund
  • Vanguard Total International Index Fund
  • Vanguard Total Bond Market II Index Fund
  • Vanguard Institutional Prime Money Market Fund

External links