Investing...what you don't know will hurt you!
The Investment Company Institute website reveals the following information about 529 Plans:
Assets in Massachusetts 529 Savings Plans:
2002Â Â Â Â $704 Million
2003Â Â Â Â $1.150 Billion
2004Â Â Â Â $ 1.557 Billion
2005Â Â Â Â $ 1.907 Billion
2006Â Â Â Â $2.349 Billion
2007Â Â Â Â $2.820Billion
As of 4-21-09 the ICI does not list a valuation for year end 2008. What is important to note is that the 15 basis point fee that the state received for “managing” these assets came to $4,230,000.00.
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