Committee approves WA529 Invest annual fee and rollover reports; fees remain under statutory cap
September 02, 2026 | Board Council Commission Agencies , Executive, Washington
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Maria Kelly presented two statutorily required reports: the WA529 Invest annual fee report and the Washington 529 plans rollovers report covering FY2026. She said state law limits annual fees to no more than 50 basis points (0.50%) and that all 21 WA529 Invest options comply; asset‑based fees for the 19 fee‑bearing options range from about 0.21% to 0.38% and no option increased compared with the prior year.
On rollovers, Kelly said 67 accounts rolled into WA529 Invest and 290 rolled out during FY2026, for a net external outflow of 223 accounts, which she said represented roughly 0.7% of WA529 Invest funded accounts. The committee voted to approve both reports for submission to the governor and appropriate legislative committees by Dec. 1.
On rollovers, Kelly said 67 accounts rolled into WA529 Invest and 290 rolled out during FY2026, for a net external outflow of 223 accounts, which she said represented roughly 0.7% of WA529 Invest funded accounts. The committee voted to approve both reports for submission to the governor and appropriate legislative committees by Dec. 1.
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