MADISON, Wis. (November 6, 2023) – Wisconsin’s Edvest 529 College Savings Plan has once again received a silver rating from Morningstar, an independent investment research and management firm.
The independent analysts at Morningstar carefully reviewed the merits of over fifty-four 529 plans and recognized Edvest with a silver Morningstar Analyst rating for the second year in a row.
According to the report, “Edvest 529 College Savings Plan is an excellent choice for Wisconsinites and nonresidents alike. The plan’s well-designed target-enrollment series comes at a bargain price and continues to earn a Morningstar Medalist rating of silver.”
According to Morningstar, Edvest 529 exhibits some of the following attractive features:
- A well-designed target-enrollment series
- The plan’s target-enrollment series features a relatively smooth glide path that thoughtfully passes a reduction in equity exposure until college enrollment
- Continuously earns an above-average process rating
- Strong, stable, and engaged oversight from the state
- Low fees
“We are thrilled to be recognized by Morningstar for the second consecutive year as a Silver 529 plan,” said Wisconsin Department of Financial Institutions Secretary-designee Cheryll Olson-Collins. “This rating continues to validate that Edvest 529 is among the top plans in the country for providing families with the financial tools they need to help make their loved one’s education dreams a reality,” Olson-Collins added.
It takes just $25 and 15 minutes to open an Edvest 529 account and funds saved can be used at eligible colleges, technical schools, and graduate schools nationwide and many abroad, as well as toward the cost of registered apprenticeship programs. In addition to tuition, funds may be used for certain room and board expenses, books, supplies, and other qualified expenses.
For more information about Edvest 529 and how to open an account, visit Edvest.com or follow Edvest on Facebook and Instagram.
About Edvest 529
For more than 25 years, Edvest 529 – Wisconsin’s direct-sold 529 college savings plan – has been helping families save for higher education expenses. Account owners can choose from 24 investment portfolios, access easy-to-use savings tools, and take advantage of in-state tax benefits for Wisconsin taxpayers.
Edvest 529 is a tax-advantaged investment, meaning contributions to an account may qualify for a 2023 Wisconsin state income tax deduction of up to $3,860 per beneficiary, per year, for single filers or married couples filing a joint return. The plan has no sales charges, enrollment fees, or annual account maintenance fees. In fact, Edvest 529 is the fifth lowest-cost 529 college savings plan in the nation!1
