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.

Enroll

State 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.

@Arkansas529

General Recommendation

This is a direct sold 529 plan, not rated by Morningstar.