Specific Account Information

You may check your account balance online anytime. You just need to sign up for online Account Access. You can also call UESP for general account information toll free at 800.418.2551. In addition, you will receive quarterly statements detailing account activity and balance information as of the quarter end.

When you open an account, you must designate a particular investment option. You can choose from four age-based, six static, and two customizable investment options. The age-based options include age brackets that automatically reallocate assets as your beneficiary gets closer to college age. The static investment options enable you to choose a particular investment style or asset class, ranging from investments in the FDIC-insured savings account or the Public Treasurers’ Investment Fund (PTIF) to fixed income and equity mutual funds managed by Vanguard. As an account owner, you should choose the investment option best suited to your risk and return tolerance relative to when your beneficiary expects to enter college. Learn more about UESP’s investment options.

Yes. However, federal law allows you to change your investment for existing funds in an account within the same 529 plan only once per calendar year for the same beneficiary.

Yes. You can roll over funds between 529 plans (i.e., move from another state’s 529 plan to UESP or vice versa) for the same beneficiary once per 12-month period. You can roll over funds between 529 programs anytime in connection with a beneficiary change.

To roll over funds to UESP, first establish a UESP account so the money has a place to go. Then complete the Incoming Direct Rollover: 529 Plan or ESA form and send it to UESP. UESP will send that form with a letter of acceptance to your current 529 plan. Contact your current plan to find out if you must complete any additional paperwork in order to complete the rollover to UESP.

UESP does not charge fees for enrollment, withdrawals, option changes, or transfers. However, accounts are charged a two-part UESP Annual Administrative Fee, consisting of an asset fee (the Administrative Asset Fee) and maintenance fee (the Administrative Maintenance Fee), and investment expenses on the underlying investments.

The Administrative Asset Fee is an annual fee of 0.15% to 0.20%, depending on the selected investment option. This fee is assessed monthly at a rate of 0.0125% to 0.0167% (or, in other words, 0.15% to 0.20% divided by 12) on an account’s balance on the last business day of each month. The Administrative Asset Fee is waived for Utah residents invested in the Public Treasurers’ Investment Fund investment option.

The Administrative Maintenance Fee is $3 per $1,000 of an account balance and is capped at $15 per year. It is assessed on an account's balance on the last business day of each month. The fee is waived for Utah residents and for all non-Utah residents who elect to view their quarterly account statements online rather than receiving them in the mail.

From a monthly perspective, the fee breaks down as follows:

• Account balances under $5,000. If the account balance is less than $5,000 at the end of a month, the fee will be 0.025% of the account balance for that month.
• Account balances of $5,000 or more. If an account balance at the end of a month is at least $5,000, the account will be charged a maximum of $1.25 for that month.

Investments in UESP are also subject to the expense ratios of the underlying investments. (For more information, see Vanguard Operating Expenses.)

You do not have to be a Utah resident or taxpayer to open or maintain a UESP account.