Arkansas Brighter Future Direct Plan

The Arkansas Brighter Future Direct Plan offers unique features that make it an attractive choice for families in Arkansas saving for education expenses. Managed by Invesco, this plan provides a variety of investment options, including target date portfolios and individual fund choices, allowing for flexibility in investment strategies. One standout aspect is the state income tax deduction on contributions for Arkansas taxpayers, providing potential tax benefits. Additionally, the plan offers a high maximum contribution limit of up to $235,000 per beneficiary, allowing families to save a significant amount for education. Lastly, the Arkansas Brighter Future Direct Plan provides a user-friendly online platform for account management, making it convenient to monitor and track investments.
EnrollState Tax Incentive
$5,000 single / $10,000 joint beneficiary
Program Manager
Ascensus
Investment Manager(s)
Vanguard, Sallie Mae
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.675%
Fee Range
0.59%-0.73%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
45%
for AR residents
45%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for AR residents
4
non-residents
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Gifting Only
Mobile app
Backer App covers this plan.
No
Plan in the news?
Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, not rated by Morningstar.