AZ529, Arizon's Education Savings Plan, Bank Plan - Arizona
The AZ529 Arizona's Education Savings Plan Bank Plan offers unique features to help families in Arizona save for education expenses. Managed by Bank of America, this plan stands out with its innovative investment options, including a variety of mutual funds and a stable value option for more conservative investors. The plan allows for generous contributions of up to $529,000 per beneficiary, providing flexibility for families who want to save a significant amount for education. Lastly, the plan provides potential state tax benefits for Arizona taxpayers, including deductions for contributions, offering additional incentives to participate.
EnrollState Tax Incentive
$2,000 single or head of household / $4,000 joint (any state plan) beneficiary
Program Manager
NexBank
Investment Manager(s)
Fidelity
Plan type
Direct
Investments
Guided Investments
static
ESG Investments
No
Avg. expense fee
0.450%
Fee Range
N/A
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
50%
for AZ residents
50%
non-residents
Morningstar Rating
Once a year, the financial services firm Morningstar releases its 529 ratings.
Other
Connect with Mint.com
Track your finances in one place.
No
Connect with Backer
Full end to end enrollment, gifting and plan management.
Gifting Only
Mobile app
Backer App covers this plan.
Yes
Plan in the news?
Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, rated as bronze by Morningstar.
