Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $7.4 Billion 529 Plan Sticks with AllianceBernstein Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 03, 2010

A $7.4 Billion 529 Plan Sticks with AllianceBernstein

Reported by Armie Margaret Lee

AllianceBernstein has kept its role as the program manager for Rhode Island's 529 plan, which had $7.4 billion of assets as of end-April. The New York-based firm has served as program manager since 2000.

AlliancebBernstein will continue to provide program management and investment management services to the 529 savings plan, dubbed CollegeBoundfund, for another five years. The contract also includes a provision that allows for an extenstion of an additional five years.

The company is reducing operating expenses for target date funds offered in Rhode Island's 529 plan to 20 basis points, an AllianceBernstein spokesperson confirmed. Before, expenses were in the 72 to 94 bps range.

The reduction to 20 bps is only for the Rhode Island version of the program, not the version that is offered nationally through financial advisors.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use