BlackRock CollegeAdvantage Advisor 529 Savings Plan
The BlackRock CollegeAdvantage Advisor 529 Savings Plan is an Ohio-based 529 plan that offers families a comprehensive solution for saving for higher education expenses. One unique aspect of this plan is its partnership with BlackRock, a globally recognized investment management company. The plan is advisor-sold, meaning individuals can work with a financial advisor to receive personalized investment advice and guidance. The plan offers a variety of investment options, including age-based portfolios and individual fund options, providing flexibility for account holders to customize their investment strategy. It offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, Ohio residents may be eligible for a state income tax deduction for contributions made to the plan, maximizing savings potential. The BlackRock CollegeAdvantage Advisor 529 Savings Plan aims to help families save efficiently and effectively for their educational goals with the support of a financial advisor.
EnrollState Tax Incentive
$4,000 single / $4,000 joint beneficiary, unlimited carry-forward of excess contributions
Program Manager
Blackrock
Investment Manager(s)
Blackrock
Plan type
Advisor
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
No
Avg. expense fee
0.695%
Fee Range
0.25%-1.04%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
53%
for OH residents
35%
non-residents
Saving For College
Unbiased, independent resource for parents.
5
for OH 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.
Yes
General Recommendation
This is an advisor sold 529 plan, rated as bronze by Morningstar.
