Plan Management – Investment 529 Plans

The Account Owner is the owner of the Plan and all contributions. The Account Owner retains full control over the plan and who uses it.

Investment Plans are owned and managed by a single Account Owner. However, after you enroll, you may choose to designate or change user relationships to plans that you own, and these roles will affect the permissions a user will have on your account. User selection is made for each plan individually.

Survivor: Takes over the account should the Account Owner become deceased.

Authorized Agent: Designated by the Account Owner to co-manage the plan with equal rights.

Joint Approver: Designated by the Account Owner or legal authority to approve certain major account and plan changes.

Yes, the Plan name was updated in 2025.

No. As with any investment, it is possible to lose money with an Investment 529 Plan. We offer a variety of investment options ranging from conservative to aggressive. The degree of risk varies based on the investment option you select.

Yes. Many families choose to enroll in multiple plans. The aggregate maximum account balance for all plans for the same student is $500,000.

Log in to your online account to make a contribution. We offer one-time and recurring options.

No. There is no minimum contribution to get started. You contribute as much and as often as you like until you reach the maximum account balance of $500,000.

There is no annual contribution limit. You may contribute until the account reaches a maximum balance of $500,000.  No further contributions can be made once the account has reached the maximum balance.

Yes. Log in to your online account to create a unique gifting link that can be shared with family and friends.

Contributions received and processed before the close of trading on the New York Stock Exchange will be invested the same day. Contributions received and processed after the close of trading on the New York Stock Exchange will be invested on the next business day.

Yes. Funds may be transferred from another state’s 529 plan into a Florida Investment 529 Plan. The IRS calls this a “rollover” and allows you to do so once every 12 months for the same Beneficiary.

In addition, Education Savings Accounts (ESAs), Uniform Gift/Transfers to Minor Act (UGMA/ UTMA) assets and redeemed U.S. Savings Bonds can also be transferred to a 529 Plan at any time.

For specific guidance relating to your college savings plans, please consult an investment adviser or certified public accountant.

You may choose a simple, intermediate, or advanced investment strategy.  The simple strategy features the Enrollment Year Portfolio and is the most popular option. This portfolio automatically adjusts risk levels, from more aggressive to more conservative, as your child ages.

Visit here to learn about all the investment options.

We use a strategic and competitive selection process to identify and contract with professional investment managers. Each investment manager is selected based on numerous factors, including, but not limited to: investment philosophy and strategy, performance history, organizational experience and financial stability. For more information about investment managers, please review the Program Description and Participation Agreement.

You may reallocate existing funds up to twice per calendar year. You may select from any of the investment options for new contributions at any time – this is not considered to be one of your two annual reallocations.

Currently, the Board has approved a 0.00% (0 bps) Administration Fee associated with Investment 529 Plans. There are no adviser fees, sales commissions or annual account fees like those you may find in other plans. The fees listed for each investment option are investment manager fund fees. For more information regarding the underlying investment manager fund fees, please review the Program Description and Participation Agreement.

Yes. You may cancel your Investment Plan and withdraw funds at any time and for any reason. Please keep in mind, any earnings that are not used for Qualified Higher Education Expenses are subject to federal and, if applicable, state income taxes. In addition, there is a 10% federal tax penalty on the earnings not used for Qualified Higher Education Expenses with certain exceptions for death, disability and scholarships.

For specific information about your tax situation, please consult an investment adviser or certified public accountant.

You may transfer your Florida 529 Savings Plan to another eligible student (including yourself). Starting January 2024, you may also choose to transfer (roll over) remaining 529 Savings Plan funds to a beneficiary’s Roth IRA (Individual Retirement Account). The lifetime maximum a parent can transfer is $35,000 per beneficiary, and the account must have been open for 15 years (with rollover funds in the account for at least 5 years). Any rollover is also subject to current Roth IRA contribution limits.

Alternatively, you may close the plan and withdraw the remaining balance. Any earnings that are not used for Qualified Higher Education Expenses are subject to federal and, if applicable, state income taxes. In addition, there is a 10% federal tax penalty on the earnings not used for Qualified Higher Education Expenses with certain exceptions for death, disability and scholarships (to the extent of the amount of the scholarship).

For specific information about your tax situation, please consult an investment adviser or certified public accountant.

As of January 2024, you may choose to transfer (roll over) remaining Investment Plan funds to a beneficiary’s Roth IRA (individual retirement account). The lifetime maximum a parent can transfer is $35,000 per beneficiary, and the account must have been open for 15 years (with rollover funds in the account for at least 5 years). Any rollover is also subject to current Roth IRA contribution limits.

For specific information about your tax situation, please consult an investment adviser or certified public accountant.