Pennsylvania 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|This page has been superseded by 529 plans by state.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 Pennsylvania 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
In addition to this investment plan, Pennsylvania also offers a prepaid tuition plan called the Pennsylvania 529 Guaranteed Savings Plan.
|Program Benefits for Residents:||Account excluded from student’s state financial aid calculation and Pennsylvania inheritance tax.|
|State tax deduction or credit for contributions:||Contributions to any Pennsylvania or non-Pennsylvania 529 plan of up to $12,000 per beneficiary per year are deductible in computing Pennsylvania taxable income. Spouses filing jointly must each have at least $12,000 in income to claim the maximum $24,000 per-beneficiary deduction. Rollovers from another 529 plan or from qualified U.S. savings bonds are not eligible for the deduction.|
|State tax recapture provisions:||Nonqualified distributions from any 529 plan are included by Pennsylvania taxpayers in Pennsylvania taxable income to the extent they are not a recovery of nondeductible contributions, following rules set forth in PIT Bulletin 2006-04. Rollovers are not subject to Pennsylvania tax.|
|Age-based investment options:||The Age-Based Options offer a choice between three risk levels (Conservative, Moderate, and Aggressive) each containing five 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:||Select among six multi-fund portfolios (Aggressive Growth, Growth, Moderate Growth, Conservative Growth, Income, and Conservative Income) and four individual-fund portfolios (Total Stock Market Index, Social Index, Inflation Protected Securities, and Money Market).|
|Expenses:||0.48% - 0.62%|
|Policy Regarding Ownership Changes:||Accepts requests to transfer account ownership.|
The age-based plan utilizes the portfolios listed below. The portfolios have the same allocations as the namesake multi-fund portfolios.
The Pennsylvania 529 savings plan offers the following static multi-fund offerings.
|Aggressive Growth||Growth||Moderate Growth||Conservative Growth||Income||Conservative Income|
Standalone single funds
The plan also offers the following standalone funds:
|Single-fund Individual Vanguard Portfolios|
|Total Stock Market Index (ER 0.48%)|
|Social Index (ER 0.62%)|
|Inflation-Protected Securities (ER 0.53%)|
|Money Market (ER 0.55%)|