Pennsylvania 529 Guaranteed Savings Plan

The Pennsylvania 529 Guaranteed Savings Plan is a unique 529 plan that provides families with a secure and predictable way to save for higher education expenses. One notable aspect of this plan is its guarantee of principal and a fixed rate of return, ensuring that account holders' investments are protected from market fluctuations. The plan offers a straightforward and hassle-free option for conservative investors looking for stability. It provides tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, Pennsylvania residents may be eligible for a state income tax deduction for contributions made to the plan, further enhancing the savings potential. The Pennsylvania 529 Guaranteed Savings Plan offers families a reliable option for saving for their educational goals.

Enroll

State Tax Incentive

$15,000 single / $30,000 joint beneficiary

Program Manager

Ascensus

Investment Manager(s)

Various

Plan type

Direct

Investments

Guided Investments

N/A

ESG Investments

No

Avg. expense fee

0.650%

Fee Range

N/A

Ratings

Backer Rating

Our rating is based on fees and tax savings advantages.

51%

for PA residents

51%

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.

No

General Recommendation

This is a direct sold 529 plan, not rated by Morningstar.