Kentucky Educational Savings Plan Trust (KY Saves 529)
The KY Saves 529 plan in Kentucky offers unique features for families saving for education expenses. Managed by Ascensus College Savings, this plan provides a variety of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment preferences. It stands out with its potential state income tax benefits, including a state tax deduction on contributions for Kentucky taxpayers. The KY Saves 529 plan also offers a high maximum contribution limit and convenient online account management.
EnrollState Tax Incentive
None
Program Manager
Ascensus
Investment Manager(s)
Blackrock, PGIM, DFA, Schwab
Plan type
Direct
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
No
Avg. expense fee
0.535%
Fee Range
0.47%-0.82%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
28%
for KY residents
28%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for KY residents
4.5
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.
Yes
General Recommendation
This is a direct sold 529 plan, not rated by Morningstar.
