Offering Statement & Literature
Morningstar on SMART529 Select:
"An intriguing option…that consists of funds from noted quantitative institutional manager Dimensional Fund Advisors (DFA), well known for its successful efforts in the small-cap space."
"The plan has a number of advantages, not the least of which is its low costs."
Published on Morningstar.com
April 2008
SMART529 Select
All 529 college savings plans offer a tax-advantaged way to save for college, but only SMART529 Select offers a combination of access to world-class money management, low fees and expenses, and program administration through Hartford Life Insurance Company, one of the largest investment and insurance companies in the United States today. Plus, you can open your SMART529 Select plan directly through us and save on sales charges.
What Sets SMART529 Select Apart
Premier investment management
SMART529 Select's investment portfolios are created and managed by Dimensional Fund Advisors, an innovative and highly-respected money management firm that bases its investment strategies on sound academic research.
Flexible investment options
We offer a wide range of investment options to best suit your unique financial plans, investment style, and the time horizon for your child's college enrollment:
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Age-based portfolios are tailored to your child's specific age. As your child grows, your investment is automatically rebalanced from a more aggressive mix when your child is young to a more conservative one as college nears.
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Static portfolios can be used to meet to your time horizon and risk tolerance—from aggressive growth options to more conservative choices.
Low fees and expenses
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No sales charges
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Low fees
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An annual maintenance fee of $25 that is waived for:
– All accounts enrolled in the Automatic Investment Program for $50 or more
– All accounts with balances of $25,000 or more, and
– Residents of West Virginia -
No account set-up charges for rollovers or transfers from other 529 plans or Coverdell Education Savings Accounts.
Low minimum and high maximum contributions
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Your initial investment can be as low as $250 per investment option. Subsequent investments can be as low as $25 per investment option. (For West Virginia residents, a minimum $50 initial investment is required per investment option with no minimum on subsequent investments.)
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The maximum account value is $265,620. (Once your account balance reaches $265,620, additional contributions are not allowed but your earnings can continue to grow.)
Premier program administration
SMART529 Select is administered by the Hartford Life Insurance Company and offered by the West Virginia College Prepaid Tuition and Savings Program Board of Trustees.