DE529 Education Savings Plan
The DE529 Education Savings Plan in Delaware offers unique features for families saving for education expenses. Managed by Fidelity Investments, this plan provides a wide range of investment options, including age-based portfolios and individual fund choices, allowing for customization based on investment preferences. It also offers an innovative "FDIC-insured Portfolio" option, providing a conservative investment choice backed by the Federal Deposit Insurance Corporation. Additionally, the plan allows for high contribution limits and offers potential state tax benefits, including a state income tax deduction on contributions, making it an attractive option for Delaware residents.
EnrollState Tax Incentive
$1,000 single / $2,000 joint beneficiary
Program Manager
Fidelity Investments
Investment Manager(s)
Fidelity
Plan type
Direct
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
No
Avg. expense fee
0.155%
Fee Range
0.11%-0.95%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
59%
for DE residents
59%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for DE residents
4
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.
Enrollment
Mobile app
Backer App covers this plan.
Yes
General Recommendation
This is a direct sold 529 plan, rated as bronze by Morningstar.
