West Virginia Smart 529 Select plan

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The West Virginia Smart 529 Select 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


West Virginia Smart 529 Select Plan:
Program match on contributions: Residents of West Virginia who have opened an account after May 2, 2011 may be eligible for the Matching Grant Program for beneficiaries 12 years of age or less, depending on federal adjusted gross income and the number of child dependents. The 1:1 match must be applied for and is up to $500 a year, with a $2500 lifetime limit per beneficiary. The program retains ownership of the matching funds. To spend the matching funds they must be sent directly to an eligible educational institution, not the account owner, beneficiary, or another state's 529 plan. Dependents under 18 and maximum AGI to recieve match: 1 dependent - $50,000; 2 dependents - $60,000; 3 dependents - $70,000; 4 dependents - $80,000.
State tax deduction or credit for contributions: Contributions to any of West Virginia's 529 plans are fully deductible in computing West Virginia taxable income.
State tax recapture provisions: The principal portion of nonqualified withdrawals from this plan are included in West Virginia taxable income to the extent of prior West Virginia tax deductions. Direct rollovers that are qualified distributions apparently are not subject to recapture.
Age-based investment options: The Age-Based Portfolios option consists of seven portfolios of underlying mutual funds with varying risk tolerances. 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 10 multi-fund portfolios with varying risk tolerances.
Expenses: 0.65% - 0.78%. $25 maintenance fee (waived for residents).
Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.
Policy Regarding Beneficiary Changes: Accepts requests to change designated beneficiary.
Policy Regarding Rollovers: Direct rollovers for the same beneficiary or a member of the beneficiary's family, are considered qualified withdrawals not subject to taxation.

Investment options

Age-based

The West Virginia Smart 529 Select savings plan offers the following age-based portfolios, based on the underlying funds listed in the table below. While DFA funds are not index funds, they are passively managed asset class funds. The portfolios below are the multi-fund portfolios (ranging from Aggressive growth to Conservative) that the plan offers as static allocation offerings.

Age-based Portfolios
DFA funds
Ages 0-3

WVAAggressiveGrowth.gif

Ages 4-6

WVAModAggGrowth.gif

Ages 7-9

WVAGrowth.gif

Ages 10-12

WVAModGrowth.gif

Ages 13-15

WVABalanced.gif

16-18)

WVAModCons.gif

19+

WVACons.gif

  • US Core Equity 2 (75%)
  • International Core Equity (25%)
  • Emerging Market Core Equity (10%)
  • US Core Equity 2 (70%)
  • International Core Equity (16%)
  • Emerging Market Core Equity (4%)
  • Intermediate Government Bond (5%)
  • 5 year Global Bond (5%)
  • US Core Equity 2 (61%)
  • International Core Equity (16%)
  • Emerging Market Core Equity (3%)
  • Intermediate Government Bond (10%)
  • 5 year Global Bond (5%)
  • 2 year Global Bond (5%)
  • US Core Equity 2 (48%)
  • International Core Equity (12%)
  • Intermediate Government Bond (17%)
  • 5 year Global Bond (11%)
  • 2 year Global Bond (6%)
  • 1 year Global Bond (6%)


  • US Core Equity 2 (36%)
  • International Core Equity (9%)
  • Intermediate Government Bond (22%)
  • 5 year Global Bond (11%)
  • 2 year Global Bond 11%)
  • 1 year Global Bond 11%))


  • US Core Equity 2 (28%)
  • International Core Equity (7%)
  • Intermediate Government Bond (25%)
  • 5 year Global Bond (15%)
  • 2 year Global Bond (10%)
  • 1 year Global Bond (15%)


  • US Core Equity 2 (16%)
  • International Core Equity (4%)
  • Intermediate Government Bond (30%)
  • 5 year Global Bond (20%)
  • 2 year Global Bond 10%)
  • 1 year Global Bond (20%)

Static

The West Virginia Smart 529 Select savings plan offers the following static multi-fund portfolios, based on the underlying funds listed in the table below.

Static Multi-Fund Portfolios
DFA funds
All Equity (ER 0.78%)

WVAAllEquity.gif

Aggressive Growth (ER 0.77%)

WVAAggressiveGrowth.gif

Moderately Aggressive (ER 0.75%)

WVAModAggGrowth.gif

Growth (ER 0.74%)

WVAGrowth.gif

Moderate Growth (ER 0.72%)

WVAModGrowth.gif

  • US Core Equity 2 (73%)
  • International Core Equity (19%)
  • Emerging Market Core Equity (8%)


  • US Core Equity 2 (75%)
  • International Core Equity (25%)
  • Emerging Market Core Equity (10%)


  • US Core Equity 2 (70%)
  • International Core Equity (16%)
  • Emerging Market Core Equity (4%)
  • Intermediate Government Bond (5%)
  • 5 year Global Bond (5%)
  • US Core Equity 2 (61%)
  • International Core Equity (16%)
  • Emerging Market Core Equity (3%)
  • Intermediate Government Bond (10%)
  • 5 year Global Bond (5%)
  • 2 year Global Bond (5%)
  • US Core Equity 2 (48%)
  • International Core Equity (12%)
  • Intermediate Government Bond (17%)
  • 5 year Global Bond (11%)
  • 2 year Global Bond (6%)
  • 1 year Global Bond (6%)


Static Multi-Fund Portfolios
DFA funds
Balanced (ER 0.70%)

WVABalanced.gif

Moderately Conservative (ER 0.70%)

WVAModCons.gif

Conservative (ER 0.69%)

WVACons.gif

Fixed Income (ER 0.73%)

WVAFixedInc.gif

1-year Fixed (ER 0.67%)

WVA1Year.gif

  • US Core Equity 2 (36%)
  • International Core Equity (9%)
  • Intermediate Government Bond (22%)
  • 5 year Global Bond (11%)
  • 2 year Global Bond 11%)
  • 1 year Global Bond 11%))
  • US Core Equity 2 (28%)
  • International Core Equity (7%)
  • Intermediate Government Bond (25%)
  • 5 year Global Bond (15%)
  • 2 year Global Bond (10%)
  • 1 year Global Bond (15%)


  • US Core Equity 2 (16%)
  • International Core Equity (4%)
  • Intermediate Government Bond (30%)
  • 5 year Global Bond (20%)
  • 2 year Global Bond 10%)
  • 1 year Global Bond (20%)
  • 5-year Global Fixed (60%)
  • D2-year Global Fixed (20%)
  • 1-year Fixed (20%)


  • 1-year Fixed (100%)



External links