Fees & Expenses

There are three parts to the total Utah Educational Savings Plan (UESP) fee structure: Vanguard Fund Operating Expense Ratios, a UESP Administrative Asset Fee, and a UESP Administrative Maintenance Fee. UESP does not charge an enrollment fee.

UESP Administrative Fees
UESP accounts are charged a two-part administrative fee, consisting of an Administrative Asset Fee and an Administrative Maintenance Fee. UESP fees are assessed the last day of each quarter and appear on the quarterly account statement. 

The UESP Administrative Asset Fee is 0.22% annually. It is assessed quarterly on all account assets at the rate of 0.055%. This fee is waived for all Utah resident account owners who are invested in Option 1-PTIF.

The UESP Administrative Maintenance Fee is a maximum of $15 annually. If the account balance at the end of a quarter is at least $5,000, your account will be charged $3.75 for that quarter. If the account balance at the end of the quarter is less than $5,000, the fee will be 0.075% of the account balance for that quarter. This fee is waived for all Utah resident account owners. 

Vanguard Operating Expenses
The Vanguard Group® applies fees against the assets invested in each of the Vanguard mutual funds for operating expenses. Vanguard expense ratios do not appear on UESP account statements because the fees are deducted from the performance of the applicable underlying fund, and because you do not own shares of the underlying Vanguard mutual funds. The performance and market values of your UESP account are net of any Vanguard expense ratios. The structure and combination of Vanguard funds used in the UESP options sets the weighted underlying expense ratio of any UESP option (except Option 1, which does not utilize Vanguard funds) in a range from 0.025% to 0.12%. The total range of asset fees on any UESP option, including the UESP Administrative Asset Fee, is 0.22% to 0.34%.

Vanguard Operating Expense Ratios: 
Vanguard Institutional Total Bond Market Index Fund1 0.05%
Vanguard Institutional Index Fund2 0.025%
Vanguard Mid-Cap Index Fund3 0.07%
Vanguard Small-Cap Index Fund4 0.07%
Vanguard International Growth5 0.31%
Vanguard International Value Fund6 0.43%
Vanguard Total Stock Market Index Fund7 0.05%
Vanguard Institutional Developed Markets Index Fund8 0.09%

1. Vanguard Fund prospectus dated April 29, 2008
2. Vanguard Fund prospectus dated April 29, 2008
3. Vanguard Fund prospectus dated April 29, 2008
4. Vanguard Fund prospectus dated April 29, 2008
5. Vanguard Fund Prospectus dated April 29, 2008
6. Vanguard Fund Prospectus dated July 23, 2008
7. Vanguard Fund prospectus dated April 29, 2008
8. Vanguard Fund prospectus dated February 27, 2008

© UESP 2008
The terms Utah Educational Savings Plan and UESP are registered trademarks.

Investors should read the Program Description and consider all investment objectives, risks, charges, and expenses before investing. The Program Description is available for download on the Web or a hard copy can be mailed to you by requesting it online from this Web site.

Investments are not guaranteed by UESP, the Utah State Board of Regents, the UHEAA, the FDIC, or any other state or federal government agency. Your investment may lose value.

Investors who are not Utah taxpayers should determine whether the state in which they or their beneficiary reside or pay taxes offers a 529 plan, and if so, whether that plan offers state tax or other benefits not available through UESP.

 

Utah Educational Savings Plan Fee Structure.

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