Utah Educational Savings Plan - About Us

History

The Utah Educational Savings Plan (UESP) was established by the Utah State Legislature in 1996 as a nonprofit, tax-advantaged college savings program to help parents, grandparents, and others save for loved ones’ future college expenses.

A leader in the college savings industry, UESP is regarded as one of the best 529 plans in the nation for its low fees, flexibility, and variety of investment options. In October 2013, Morningstar Inc., rated UESP a Gold 529 college savings plan, calling UESP a “longtime favorite of Morningstar analysts” and citing a “strong menu of investment options, solid management, and reasonable fees” as key factors for the Gold rating. National consumer expert Clark Howard labeled UESP “by far the single best plan in the country” (Clark’s 529 Guide, January 2014). Tens of thousands of Utah and non-Utah residents alike benefit from UESP’s mission to provide a low-cost educational savings plan while enjoying tax advantages.

UESP initially offered a single investment option in the Public Treasurers’ Investment Fund. In 1999, UESP began adding investment options of select Vanguard mutual funds. An FDIC-insured investment option followed in 2009. In June 2013, Dimensional mutual funds were added as underlying investments to the customized investment options.

As of June 30, 2014, UESP holds more than $7.4 billion in assets under management in more than 257,000 accounts.

Mission & Vision

UESP provides the highest-quality 529 educational savings plan at the lowest-possible cost and is the plan of choice for Utah residents.

UESP is focused on delivering innovative investment and technology strategies and will maintain the highest level of integrity, discipline, and stewardship for account owners.