Comments on: It’s Time to Save http://www.utahsenatedemocrats.org/archives/268 Fri, 03 Feb 2012 19:38:52 +0000 hourly 1 By: Lynne Ward http://www.utahsenatedemocrats.org/archives/268/comment-page-1#comment-1057 Lynne Ward Fri, 13 Feb 2009 01:19:31 +0000 http://www.utahsenatedemocrats.org/archives/268#comment-1057 Dear Mr. Waddswoth: UESP stands by its low fee moniker. Two fees are charged on a quarterly basis. (1) The annual maintenance fee tops out at $15/year. It is waived for Utah residents. (2) The UESP administrative asset fee is .22%. This is less than one quarter of one percent. Most other 529 plans charge twice as much or more. Vanguard is also known for its low fees. For example, the S&P 500 Index fund fees are .025% which are netted against the value of the shares. For purposes of full disclosure, the fund fees are added to the UESP admin fee as you see in the magazine quotes above. In the name of transparency, UESP's quarterly statements show the UESP fees applied to each of your underlying investments, making it look like there are multiple fees. A 401(k) statement would total all such fees into one amount. Please call us at 1.800.418.2551. We would be happy to review your account with you. Sincerely, Lynne Ward UESP Director Dear Mr. Waddswoth:

UESP stands by its low fee moniker.

Two fees are charged on a quarterly basis. (1) The annual maintenance fee tops out at $15/year. It is waived for Utah residents. (2) The UESP administrative asset fee is .22%. This is less than one quarter of one percent. Most other 529 plans charge twice as much or more.

Vanguard is also known for its low fees. For example, the S&P 500 Index fund fees are .025% which are netted against the value of the shares. For purposes of full disclosure, the fund fees are added to the UESP admin fee as you see in the magazine quotes above.

In the name of transparency, UESP’s quarterly statements show the UESP fees applied to each of your underlying investments, making it look like there are multiple fees. A 401(k) statement would total all such fees into one amount.

Please call us at 1.800.418.2551. We would be happy to review your account with you.

Sincerely,
Lynne Ward
UESP Director

]]> By: Will Waddswoth http://www.utahsenatedemocrats.org/archives/268/comment-page-1#comment-1033 Will Waddswoth Sun, 25 Jan 2009 14:33:50 +0000 http://www.utahsenatedemocrats.org/archives/268#comment-1033 USEP is touted as a low cost 529. Not. There are fund fees, administrative fees, and worse if you divide your contributions into different investment options each of these options is hit with fees. USEP is touted as a low cost 529. Not. There are fund fees, administrative fees, and worse if you divide your contributions into different investment options each of these options is hit with fees.

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