Florida 529 Savings Plan
The Florida 529 Savings Plan, managed by BlackRock, offers unique features designed to help families save for education expenses. This plan provides a wide range of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment preferences. The plan also offers a unique "529 Card" feature, allowing account owners to easily access funds for qualified education expenses. Additionally, the Florida 529 Savings Plan offers potential state tax benefits, including a state income tax deduction on contributions, providing added incentives for Florida residents.
EnrollState Tax Incentive
None
Program Manager
Florida Prepaid College Board
Investment Manager(s)
Vanguard, Blackrock
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.070%
Fee Range
0.02%-0.74%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
46%
for FL residents
46%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for FL residents
4.5
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.
No
General Recommendation
This is a direct sold 529 plan, rated as bronze by Morningstar.
