MFS 529 Savings Plan
The MFS 529 Savings Plan is a 529 plan available in Oregon that provides families with a comprehensive solution for saving for higher education expenses. One unique aspect of this plan is its partnership with MFS Investment Management, a leading global investment management firm. The plan offers a variety of investment options, including age-based portfolios and individual fund options, allowing account holders to customize their investment strategy based on their preferences and risk tolerance. It offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, Oregon residents may be eligible for a state income tax deduction for contributions made to the plan, further enhancing the savings potential. The MFS 529 Savings Plan aims to assist families in efficiently saving for their educational goals.
EnrollState Tax Incentive
$150 single / $300 joint beneficiary up to $30,000 income, higher income lowers % of deduction
Program Manager
Vestwell State Savings
Investment Manager(s)
MFS
Plan type
Advisor
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
No
Avg. expense fee
0.720%
Fee Range
0.37%-0.89%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
25%
for OR residents
25%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for OR residents
4.5
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.
No
General Recommendation
This is an advisor sold 529 plan, not rated by Morningstar.
