A Vanguard news release said that, as a result, the all-in costs of the national plan’s 19 investment options will range from 0.44% to 0.66%, representing cost savings of approximately $1.8 million annually for plan investors.
The all-in costs of the plan’s three age-based investment options will decline from 0.50% to 0.44%, a 12% decrease, Vanguard said.
“By lowering expenses, we’re enabling investors to keep more of their dollars working toward their college savings goals,” said Alba Martinez, principal, Vanguard’s Education Markets Group.