{"id":148030,"date":"2026-03-11T15:43:26","date_gmt":"2026-03-11T19:43:26","guid":{"rendered":"https:\/\/www.thevalleyledger.com\/?p=148030"},"modified":"2026-03-11T15:47:27","modified_gmt":"2026-03-11T19:47:27","slug":"treasurer-stacy-garrity-announces-new-fee-cuts-for-pa-529-investment-plan","status":"publish","type":"post","link":"https:\/\/www.thevalleyledger.com\/?p=148030","title":{"rendered":"Treasurer Stacy Garrity Announces New Fee Cuts for PA 529 Investment Plan"},"content":{"rendered":"

Latest fee cuts further enhance the Morningstar Gold-Rated PA 529 Investment Plan<\/em>\u00a0<\/strong><\/p>\n

Harrisburg, PA\u00a0<\/strong>\u2014 Pennsylvania Treasurer Stacy Garrity today announced that fees are again going down for many\u00a0PA 529 Investment Plan (IP)<\/a>\u00a0account owners. The new fee cuts implemented by Vanguard will save PA 529 IP account owners about $500,000 annually across the plan.<\/p>\n

\u201cThis new fee cut enhances and highlights the affordability of our PA 529 Investment Plan,\u201d Treasurer Garrity said. \u201cEvery reduction in fees is a boost to education savings. The PA 529 IP has been recognized time and time again as a best-in-class plan nationwide and has the confidence of account owners across Pennsylvania to help them save for their child\u2019s future \u2013 no matter what career path they choose to follow.\u201d<\/p>\n

The PA 529 IP has 26 portfolio options to choose from, and the new fee reduction impacts 20 of these, including the\u00a0target enrollment portfolios<\/a>\u00a0which automatically adjust asset allocations and risk as a child nears the anticipated age of enrollment. Fee reductions range from 0.04 to 4.00 basis points (.0004%-.004%) depending on the account owner\u2019s portfolio selection.<\/p>\n

Currently there are more than 214,000 PA 529 IP accounts, with over $7 billion saved for future education expenses.<\/p>\n

The PA 529 IP has been a Gold-Rated 529 plan by Morningstar for the last\u00a0three consecutive years<\/a>\u00a0\u2013 one of only two plans to achieve this nationwide. Morningstar recognized the PA 529 IP as a low-cost plan when compared to others and noted Treasury\u2019s \u201cstrong stewardship and consistent execution,\u201d and its ability to produce \u201cfavorable partner economics, formalized succession planning, and measured fee reductions, while expanding outreach, accessibility and participant research,\u201d to further ensure consumer confidence in the PA 529 IP.<\/p>\n

The\u00a0PA 529 College and Career Savings Program<\/a>\u00a0helps families steadily and strategically save in a tax-advantaged way for a wide variety of qualifying technical, collegiate, apprenticeship, credential and K-12 educational expenses. Assets in a PA 529 account do not impact eligibility for Pennsylvania state financial aid.<\/p>\n

The PA 529 program also offers the\u00a0PA 529 Guaranteed Savings Plan (GSP)<\/a>, which allows families to save for tomorrow\u2019s tuition prices at today\u2019s rates.<\/p>\n

Families with children born in 2019 and after can claim their child\u2019s free $100 scholarship from\u00a0Keystone Scholars<\/a>\u00a0to jumpstart education savings and open their own companion PA 529 account to continue saving on their own.<\/p>\n

For more details about education savings with PA 529, visit\u00a0pa529.com<\/a>\u00a0or call\u00a0800-440-4000.<\/p>\n

 <\/p>\n

Information provided to TVL by:
\nSteve Chizmar<\/p>\n","protected":false},"excerpt":{"rendered":"

Latest fee cuts further enhance the Morningstar Gold-Rated PA 529 Investment Plan\u00a0 Harrisburg, PA\u00a0\u2014 Pennsylvania Treasurer Stacy Garrity today announced that fees are again going down for many\u00a0PA 529 Investment … Continue reading Treasurer Stacy Garrity Announces New Fee Cuts for PA 529 Investment Plan<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":120734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[69,482],"tags":[],"class_list":["post-148030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-valley","category-press-release-2"],"jetpack_publicize_connections":[],"acf":[],"jetpack_featured_media_url":"https:\/\/www.thevalleyledger.com\/wp-content\/uploads\/2023\/07\/Pennsylvania-Treasury.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/148030"}],"collection":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=148030"}],"version-history":[{"count":0,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/148030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/media\/120734"}],"wp:attachment":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=148030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=148030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=148030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}