South Carolina’s Future Scholar 529 Plan receives national recognition for strong investment performance and low fees
September 14, 2015
Most Recent Rankings by Savingforcollege.com show South Carolina’s College Savings Program is a National Leader in Investment Performance and Low Fees
COLUMBIA, SC – State Treasurer Curtis M. Loftis, Jr., announced that South Carolina’s 529 College Savings Plan Future Scholar has placed among the top ten 529 plans in the nation for performance over 1-, 3-, and 5- year periods, ending June 30, 2015. Future Scholar has also been recognized as having the fifth lowest cost 529 plan in the nation.
South Carolina’s placement was published in the recently released 529 Composite Performance Rankings by the third-party research firm, Savingforcollege.com. The top-ten performance ranking and the top-five lowest cost ranking were announced just in time for National College Savings Month in September and demonstrate Future Scholar’s consistently strong investment performance returns and its low management cost compared to other 529 savings plans across the country. Future Scholar is administered by the Office of State Treasurer Curtis M. Loftis, Jr.
“South Carolinians should be proud that our State’s 529 Plan is among the top college savings programs in the country and has an industry leading, cost-efficient program management contract. I hope families across South Carolina will mark September, National College Savings Month, by opening or adding to a Future Scholar account,” said State Treasurer Curtis M. Loftis, Jr.
A 2012 re-negotiation of the Future Scholar Plan’s program management contract by the Office of State Treasurer resulted in expanded investment options, a reduction of management fees, and the creation of a marketing campaign that does not utilize funds from the public treasury. The new and improved Future Scholar 529 plan continues to help more families save for higher education with 119,000 accounts and $2.4 Billion assets under management.
Money Magazine called Future Scholar a leader in low fees and praised the contract re-negotiation, saying, “South Carolina eliminated program management fees and dropped investment expenses for in-state residents.” Both Savingforcollege.com and Morningstar, organizations that evaluate 529 plans, have given South Carolina’s Future Scholar plan high rankings compared to its peers.
To learn more about the Future Scholar 529 plan, visit www.futurescholar.com or contact a financial advisor. No funds from the public treasury are used in the marketing of the Future Scholar plan.
