Edvest College Savings Plan is happy to announce that it has received SavingforCollege.com’s 5-Cap Rating for Wisconsin residents for the fourth consecutive year! Edvest offers attractive plan features such as a Wisconsin state tax deduction of up to $3,140 per beneficiary, a wide range of investment choices as well as little to no fees, including no sales commissions, no annual maintenance fee, and no application fee. Edvest also received a 4.5-Cap Rating for non-Wisconsin residents.
“We’re excited to maintain our 5-Cap Rating from SavingforCollege.com,” said Jessica Fandrich, Officer for Wisconsin’s 529 College Saving Plan. “Wisconsin families are counting on Edvest to help make their college and technical college dreams a reality and we are committed to offering a plan our account holders can count on year-after-year.”
529 plan like Edvest provide outstanding flexibility, attractive investments as well as additional economic benefits, such as state tax benefits. Only 17 college savings plans nationwide received the top rating.
*Source: Savingforcollege.com, July 12, 2017.The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and 4.5-Cap Rating for non-residents. A 5-Cap Ratings represents the attractiveness of a 529 plan, relative to all other 529 plans, by assigning an overall rating to each 529 program ranging from 1 Cap (least attractive) to 5 Caps (most attractive). 5-Cap Ratings represent an assessment based on many considerations such as flexibility, liquidity and availability, ownership rights, state benefits, investment approach and safety, program resources and financial aid impact. It is not strictly a measure of historical returns, and it is not a predictor of future investment performance, level of investment risk or financial solvency of the program funds. These ratings are not the result of a fixed formula and a significant portion of the analysis is subjective. Before establishing a 529 account and making contributions, it is imperative that investors read and understand all enrollment materials and disclosures from the programs.