Fees & Expenses

The information below describes the fees and expenses that you would pay if you contributed to a particular investment portfolio in the Edvest 529 College Savings Plan. These fees are indirectly paid out of the assets of your account. Except for the fees listed below, there are currently no other fees, charges or penalties imposed by or payable to the Plan in connection with opening or maintaining an account.

Investment Portfolio Plan Manager Fee(1)(2) State Administrative Fee(3) Estimated Expenses of an Investment Portfolio's Underlying Investments(4) Total Annual Asset-Based Fees(5)
2040/2041 Enrollment Portfolio 0.06% 0.00% 0.07% 0.13%
2038/2039 Enrollment Portfolio 0.06% 0.00% 0.07% 0.13%
2036/2037 Enrollment Portfolio 0.06% 0.00% 0.08% 0.14%
2034/2035 Enrollment Portfolio 0.06% 0.00% 0.08% 0.14%
2032/2033 Enrollment Portfolio 0.06% 0.00% 0.08% 0.14%
2030/2031 Enrollment Portfolio 0.06% 0.00% 0.09% 0.15%
2028/2029 Enrollment Portfolio 0.06% 0.00% 0.09% 0.15%
2026/2027 Enrollment Portfolio 0.06% 0.00% 0.08% 0.14%
2024/2025 Enrollment Portfolio 0.06% 0.00% 0.07% 0.13%
In School Portfolio 0.06% 0.00% 0.05% 0.11%
  1. 1Although the Plan Manager Fee is deducted from an Investment Portfolio, not from your Account, each Account in the Investment Portfolio indirectly bears its pro rata share of the Plan Manager Fee as this fee reduces the Investment Portfolio’s return.↩
  2. 2Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Plan Manager a fee at an annual rate of 0.06% (6 basis points) of the average daily net assets of the Investment Portfolio. This 0.06% fee applies on total assets in the Plan up to $6.0 billion. The Plan Manager Fee will be reduced to 0.05% effective on the first day of the month following the date Plan assets reach or exceed $6.0 billion. The Plan Manager Fee will be further reduced to 0.04% effective on the first day of the month following the date Plan assets reach or exceed $7.0 billion.↩
  3. 3The State Administrative Fee is a fee that the Board may collect for its services to the Plan. The Board has waived the State Administrative Fee for this Plan. If the waiver was no longer in effect, the State Administrative Fee would be 0.10% of the average daily net assets of the Investment Portfolios (other than the Principal Plus Interest Portfolio).↩
  4. 4The percentages set forth in this column are based on the expense ratios of the mutual funds in which an Investment Portfolio invests. The amounts are calculated using the expense ratio reported in each mutual fund’s prospectus effective as of the date that this Plan Description was finalized for printing, weighted according to the Investment Portfolio’s allocation among the mutual funds in which it invests. Although these expenses are not deducted from an Investment Portfolio’s assets, each Investment Portfolio (other than the Principal Plus Interest Portfolio) indirectly bears its pro rata share of the expenses of the mutual fund(s) in which it invests as these expenses reduce such mutual fund(s) returns.↩
  5. 5These figures represent the estimated weighted annual expense ratios of the mutual funds in which the Investment Portfolios invest plus the fee paid to the Plan Manager.↩

Investment Portfolio Plan Manager Fee(1)(2) State Administrative Fee(3) Estimated Expenses of an Investment Portfolio's Underlying Investments(4) Total Annual Asset-Based Fees(5)
Index-Based Aggressive Portfolio 0.06% 0.00% 0.06% 0.12%
Index-Based Moderate Portfolio 0.06% 0.00% 0.07% 0.13%
Index-Based Conservative Portfolio 0.06% 0.00% 0.04% 0.10%
Active-Based Aggressive Portfolio 0.06% 0.00% 0.22% 0.28%
Active-Based Moderate Portfolio 0.06% 0.00% 0.27% 0.33%
Active-Based Conservative Portfolio 0.06% 0.00% 0.19% 0.25%
Balanced Portfolio 0.06% 0.00% 0.06% 0.12%
International Equity Index Portfolio 0.06% 0.00% 0.08% 0.14%
  1. 1Although the Plan Manager Fee is deducted from an Investment Portfolio, not from your Account, each Account in the Investment Portfolio indirectly bears its pro rata share of the Plan Manager Fee as this fee reduces the Investment Portfolio’s return.↩
  2. 2Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Plan Manager a fee at an annual rate of 0.06% (6 basis points) of the average daily net assets of the Investment Portfolio. This 0.06% fee applies on total assets in the Plan up to $6.0 billion. The Plan Manager Fee will be reduced to 0.05% effective on the first day of the month following the date Plan assets reach or exceed $6.0 billion. The Plan Manager Fee will be further reduced to 0.04% effective on the first day of the month following the date Plan assets reach or exceed $7.0 billion.↩
  3. 3The State Administrative Fee is a fee that the Board may collect for its services to the Plan. The Board has waived the State Administrative Fee for this Plan. If the waiver was no longer in effect, the State Administrative Fee would be 0.10% of the average daily net assets of the Investment Portfolios (other than the Principal Plus Interest Portfolio).↩
  4. 4The percentages set forth in this column are based on the expense ratios of the mutual funds in which an Investment Portfolio invests. The amounts are calculated using the expense ratio reported in each mutual fund’s prospectus effective as of the date that this Plan Description was finalized for printing, weighted according to the Investment Portfolio’s allocation among the mutual funds in which it invests. Although these expenses are not deducted from an Investment Portfolio’s assets, each Investment Portfolio (other than the Principal Plus Interest Portfolio) indirectly bears its pro rata share of the expenses of the mutual fund(s) in which it invests as these expenses reduce such mutual fund(s) returns.↩
  5. 5These figures represent the estimated weighted annual expense ratios of the mutual funds in which the Investment Portfolios invest plus the fee paid to the Plan Manager.↩

Investment Portfolio Plan Manager Fee(1)(2) State Administrative Fee(3) Estimated Expenses of an Investment Portfolio's Underlying Investments(4) Total Annual Asset-Based Fees(5)
Small-Cap Index Portfolio 0.06% 0.00% 0.06% 0.12%
U.S. Equity Active Portfolio 0.06% 0.00% 0.14% 0.20%
Large-Cap Stock Index Portfolio 0.06% 0.00% 0.05% 0.11%
Social Choice Portfolio 0.06% 0.00% 0.18% 0.24%
Bond Index Portfolio 0.06% 0.00% 0.07% 0.13%
  1. 1Although the Plan Manager Fee is deducted from an Investment Portfolio, not from your Account, each Account in the Investment Portfolio indirectly bears its pro rata share of the Plan Manager Fee as this fee reduces the Investment Portfolio’s return.↩
  2. 2Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Plan Manager a fee at an annual rate of 0.06% (6 basis points) of the average daily net assets of the Investment Portfolio. This 0.06% fee applies on total assets in the Plan up to $6.0 billion. The Plan Manager Fee will be reduced to 0.05% effective on the first day of the month following the date Plan assets reach or exceed $6.0 billion. The Plan Manager Fee will be further reduced to 0.04% effective on the first day of the month following the date Plan assets reach or exceed $7.0 billion.↩
  3. 3The State Administrative Fee is a fee that the Board may collect for its services to the Plan. The Board has waived the State Administrative Fee for this Plan. If the waiver was no longer in effect, the State Administrative Fee would be 0.10% of the average daily net assets of the Investment Portfolios (other than the Principal Plus Interest Portfolio).↩
  4. 4The percentages set forth in this column are based on the expense ratios of the mutual funds in which an Investment Portfolio invests. The amounts are calculated using the expense ratio reported in each mutual fund’s prospectus effective as of the date that this Plan Description was finalized for printing, weighted according to the Investment Portfolio’s allocation among the mutual funds in which it invests. Although these expenses are not deducted from an Investment Portfolio’s assets, each Investment Portfolio (other than the Principal Plus Interest Portfolio) indirectly bears its pro rata share of the expenses of the mutual fund(s) in which it invests as these expenses reduce such mutual fund(s) returns.↩
  5. 5These figures represent the estimated weighted annual expense ratios of the mutual funds in which the Investment Portfolios invest plus the fee paid to the Plan Manager.↩

Investment Portfolio Plan Manager Fee State Administrative Fee Estimated Expenses of an Investment Portfolio's Underlying Investments Total Annual Asset-Based Fees
Principal Plus Interest Portfolio(1) N/A N/A N/A N/A
  1. 1The Principal Plus Interest Portfolio does not pay a Plan Manager Fee or a State Administrative Fee. TIAA-CREF Life Insurance Company (“TIAA-CREF Life”), the issuer of the funding agreement in which this Investment Portfolio invests and an affiliate of TFI, makes payments to TFI, as Plan Manager. This payment, among many other factors, is considered by the issuer when determining the interest rates credited under the funding agreement.↩