Edvest 529 Plan Reaches $7 Billion in Assets

Asset Milestone Lowers Plan Manager Fee Less Than a Year After Previous Reduction

MADISON, Wis. – June 3, 2026 – Wisconsin’s Edvest 529 college savings plan has achieved a major milestone in reaching $7 billion in assets under management. The growth has prompted another reduction in the plan’s plan manager fee to just 0.04% (4 basis points). Effective June 1, 2026, all existing Edvest 529 account owners will benefit from this lower fee, allowing more of their savings to be directed toward future education expenses. 

This one-basis-point decrease in the plan manager fee is projected to save account owners more than $700,000 annually in combined fees and comes in quick succession to the previous plan manager fee reduction of 0.01% in June 2025 when the plan hit $6 billion in assets. 

“The rapid growth of Edvest 529, reaching $7 billion in less than a year after the previous milestone, underscores the confidence Wisconsin families place in the plan,” said Wisconsin Department of Financial Institutions Secretary Wendy K. Baumann. “This growth allows us to deliver meaningful savings back to our account owners through lower fees, so more of each contribution can be invested for a child’s future. Making it easier and more cost‑effective for families to save for education is central to our mission, and this fee reduction reflects that commitment.”

The Wisconsin Department of Financial Institutions, administrator of the Edvest 529 college savings plan, negotiated this fee reduction as part of its contract with Edvest 529’s plan manager, TIAA‑CREF Tuition Financing, Inc. (TFI), which includes built‑in fee reductions as specific asset thresholds are reached. Edvest 529 now ranks among the top 5% lowest cost 529 plans nationwide¹, strengthening its value for families saving for college.

“We have been honored to work alongside the Wisconsin Department of Financial Institutions for over 13 years, and continue to partner on offering one of the nation’s most competitive, low‑cost college savings options,” said TFI President Chris Lynch. “Lowering the program management fee to 4 basis points reinforces our long‑standing commitment to delivering exceptional value for account owners and supporting more families as they plan and save for education.”