MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, August 30, 2010 NY 529 Participants Get a Fee Break Participants in the New York state’s 529 college savings direct plan will see fees cut by almost 50 percent, according to New York State Comptroller Thomas DiNapoli. The state's direct plan’s total annual asset-based fee dropped to 0.25 percent from 0.49 percent across the plan’s entire lineup of Vanguard [see profile] investment options effective Aug. 29, according to a statement today from the comptroller’s office. The reduction could result in savings of almost $20 million annually for plan participants. “Family budgets are getting tighter, but families still need to save for college,” stated DiNapoli. “When you’re saving for college, every dime counts.” Printed from: MFWire.com/story.asp?s=33304 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |