Hawaii's College Savings Program (HI529)
The Hawaii College Savings Program, managed by TIAA-CREF Tuition Financing, Inc., offers unique features designed to assist families in saving for education expenses in Hawaii. This plan provides a variety of investment options, including age-based portfolios and individual fund choices, allowing for customized investment strategies. It stands out with its innovative "Matched Savings Incentive Program" (MSIP), which offers matching funds based on eligible participants' income and contributions. Additionally, the Hawaii College Savings Program provides potential state tax benefits and allows for high contribution limits, making it a favorable option for Hawaii residents.
EnrollState Tax Incentive
None
Program Manager
Ascensus
Investment Manager(s)
Vanguard
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.595%
Fee Range
0.55%-0.66%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
28%
for HI residents
28%
non-residents
Saving For College
Unbiased, independent resource for parents.
3.5
for HI residents
3.5
non-residents
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
General Recommendation
This is a direct sold 529 plan, not rated by Morningstar.
