529 Plans Where Dimensional Is Available
A 529 plan offers a tax-favored way to save and invest for higher education. Any adult can open a 529 account, regardless of state residence, and contribute money on behalf of a named individual, such as a child or grandchild. Account earnings accumulate tax-deferred and are exempt from federal tax—and, in some cases, state tax—when withdrawn to pay for qualified higher-education expenses at an accredited institution.
You can access Dimensional’s investment approach in many 529 education savings plans. Currently, 24 states and the District of Columbia include Dimensional strategies in one or more of their plans.1 Visit each state’s website below to learn more.
| State | Program |
| Alabama | CollegeCounts 529 |
| California | ScholarShare 529 |
| Colorado | CollegeInvest 529 Savings Plan |
| District of Columbia | DC College Savings Plan |
| Florida | Florida 529 Savings Plan |
| Georgia | Path2College 529 Plan |
| Illinois | Bright Start (Direct) and Bright Directions Advisor-Guided |
| Indiana | CollegeChoice 529 Direct Savings Plan |
| Kentucky | KY Saves 529 |
| Michigan | MI 529 Advisor Plan |
| Minnesota | MN 529 College Savings Plan |
| Missouri | MOST 529 |
| Montana | Achieve Montana |
| Nebraska | NEST 529 Education Savings |
| New Mexico | The Education Plan of New Mexico |
| Ohio | Ohio’s 529 Plan—CollegeAdvantage |
| Oregon | Oregon College Savings Plan |
| South Carolina | Future Scholar 529 |
| South Dakota | CollegeAccess 529 Plan |
| Texas | Texas College Savings Plan (Direct) and Lonestar 529 Plan (Advisor) |
| Utah | my529 |
| Vermont | VT529 (VHEIP) |
| Virginia | Virginia529 |
| West Virginia | SMART529 |
| Wisconsin | Edvest 529 College Savings Plan |
Currently, three states include Dimensional strategies in one or more of their ABLE plans.2 Visit each state’s website below to learn more.
| Maryland | Maryland ABLE |
| Oregon | Oregon ABLE Savings Plan |
| Washington | Washington State ABLE Savings Plan |
Evaluating Plans
Investors should first evaluate their home state’s 529 education and/or ABLE plan to determine whether they can receive a state income tax deduction, tax credit, and other benefits as a resident. When comparing offerings in different states, consider the types of plans available, which may include direct-sold and advisor-sold plans.3 Also understand a plan’s contribution limits, investment options, fees, distribution procedures, and other details.
Disclosures
Dimensional does not offer, sell, or distribute 529 education savings plans or ABLE plans. This information is for educational purposes only and should not be considered investment advice or an offer of any security for sale. It should not be misconstrued or otherwise interpreted as legal or tax advice. Please consult with qualified legal or tax professionals regarding your individual circumstances. For more information about any 529 education savings plan or ABLE plan, contact the plan provider to obtain more information and carefully consider the plan’s investment objectives, risks, charges, and expenses before investing.
Diversification does not eliminate the risk of market loss. There is no guarantee an investment strategy will be successful. Investing risks include loss of principal and fluctuating value.
Footnotes
1As of March 31, 2023.
2As of March 31, 2023. In 2014, Congress passed the Achieving a Better Life Experience (ABLE) Act, creating a savings and investment account specifically for people with disabilities.
3Some states offer both types of plans, and each plan will typically have different investment options. In a direct-sold plan, the participant opens the account directly with the state and chooses investment options. In an advisor-sold plan, the participant works through a financial advisor, who oversees the account and selects investments. Advisor-sold plans may have higher fees and may charge a sales commission.