Utah Educational Savings Plan - About Us

Low Fees

Simplicity and a low-cost fee structure have helped the Utah Educational Savings Plan (UESP) consistently rank among the best 529 college savings plans in the country.

UESP’s fees are among the lowest of all 529 plans for two reasons. First, UESP is direct sold, meaning you can set up an account and make contributions without the help of a broker/dealer or advisor. However, you are welcome to work with your own financial professional if you choose. Second, UESP keeps Administrative Fees to a minimum. Account owners are charged total asset-based fees as little as 0.160 to 0.224 percent annually for the age-based and static investment options, and 0.200 to 0.603 percent for the customized investment options, but this depends entirely upon the asset allocation the account owner chooses. Low fees combined with federal and Utah state income tax benefits put more of your investment dollars to work.

Administrative Fees

Accounts are charged a two-part UESP Administrative Fee, consisting of an asset fee and a mail delivery fee.

UESP Administrative Asset Fee

The Administrative Asset Fee is an annual fee of 0.140 to 0.200 percent, depending on the selected investment option. This fee is assessed monthly at a rate of 0.0117 to 0.0167 percent (or, in other words, 0.140 to 0.200 percent divided by 12) on an account’s balance on the last business day of each month that both UESP and the New York Stock Exchange are open. The Administrative Asset Fee is waived for Utah residents invested in the Public Treasurers' Investment Fund investment option.

UESP Administrative Mail Delivery Fee

The Administrative Mail Delivery Fee is an annual fee of $2 per $1,000 of an account balance and is capped at $12 per year. It is assessed on an account’s balance on the last business day of each month that both UESP and the New York Stock Exchange are open. The Administrative Mail Delivery Fee is waived for Utah residents. It is also waived for non-Utah residents who elect to view their quarterly account statements, Program Description, Program Description Supplements, newsletters, and all other UESP communications online rather than receive them in the U.S. mail.

From a monthly perspective, the Administrative Mail Delivery Fee breaks down as follows:

  • Account balances under $6,000. If the account balance is less than $6,000 at the end of a month, the fee will be 0.0167% of the account balance for that month.
  • Account balances of $6,000 or more. If an account balance at the end of a month is at least $6,000, the account will be charged a maximum of $1.00 for that month.

Underlying Fund Operating Expense Ratios

Investments in UESP are also subject to the operating expense ratios of the underlying investments. (See Underlying Fund Operating Expense Ratios.) Neither the Public Treasurers’ Investment Fund nor the FDIC-insured accounts has an operating expense ratio because the ratios are net of expenses of the Utah state treasurer and Sallie Mae Bank and U.S. Bank, respectively.