Pennsylvania 529 Investment Plan
The Pennsylvania 529 Investment Plan is a comprehensive 529 plan designed to help families save for higher education expenses. One unique aspect of this plan is its focus on investment options, offering a variety of portfolios managed by Vanguard, a renowned investment management company. The plan provides account holders with flexibility to choose from age-based portfolios and individual fund options, allowing for customization based on their investment goals and risk tolerance. It offers 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 maximizing savings potential. The Pennsylvania 529 Investment Plan aims to assist families in efficiently saving for their educational goals.
EnrollState Tax Incentive
$15,000 single / $30,000 joint beneficiary
Program Manager
Ascensus
Investment Manager(s)
Vanguard
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
Yes
Avg. expense fee
0.215%
Fee Range
0.205%-0.305%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
91%
for PA residents
91%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for PA residents
4
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.
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, rated as silver by Morningstar.
