SMART529 Plan Comparison Chart
Discover the three SMART529 plans offered. Review the plan features and details to decide which plan is best suited for your family.
  SMART529 WV Direct SMART529 Select The Hartford® SMART529®
How To Open An Account Direct through this website or by mail Direct through SMART529Select.com website or by mail Available through Financial Investment Professionals in your area.
Residency Requirements Available to West Virginia residents Available nationwide Available nationwide
Minimum Initial Investment No minimum $250 ($50 for West Virginia residents) $250 ($50 for West Virginia residents)
Minimum Subsequent Investment Per Fund No minimum $25 (no minimum for West Virginia residents) $25 (no minimum for West Virginia residents)
Sales Charges None None Varies by Share Class and Investment Option. See Offering Statement.
Annual Maintenance Fee None $25 $25
Investment Options 9 Age-Based Portfolios, 5 Static Portfolios, a Stable Value Portfolio and an Indexed Equity Portfolio 9 Age-Based Portfolios and 10 Static Portfolios 9 Age-Based Portfolios, 5 Static Portfolios, and 14 Individual Portfolio Options
Who Chooses the Investments Selected by the Account Owner Selected by the Account Owner Account Owner Selected With Assistance from a Financial Investment Professional
Maximum Account Contribution Limit $550,000 $550,000 $550,000

 

All information provided is for informational and educational purposes only and is not intended to provide investment, tax, accounting or legal advice. As with all matters of an investment, tax, or legal nature, you should consult with a qualified tax or legal professional regarding your specific legal or tax situation, as applicable.

 

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SMART529 is a college savings plan offered by the Board of Trustees of the West Virginia College and Jumpstart Savings Programs and administered by Hartford Funds Management Company, LLC ("HFMC").

SMART529 Direct is available to residents of West Virginia or to non-residents where the beneficiary is a resident of West Virginia. West Virginia (WV) provides certain tax advantages to WV taxpayers that invest in SMART529 Direct. Before investing, an investor should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan.

Investments in SMART529 are not guaranteed or insured by the State of West Virginia, the Board of Trustees of the West Virginia College and Jumpstart Savings Programs, the West Virginia State Treasurer's Office, HFMC, The Hartford Insurance Group, Inc., the investment sub-advisers for the Underlying Funds or any depository institution. Investments in SMART529 are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors.

Investments in SMART529 are subject to certain charges, which will reduce the value of your Account as they are incurred. Please see the Offering Statement for details of charges or fees that apply to the specific SMART529 savings plan.

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

You should carefully consider the investment objectives, risks, charges and expenses of SMART529 and its Underlying Funds before investing. This and other information can be found in the Offering Statement for SMART529, including privacy notices, and the prospectuses or other disclosure documents for the Underlying Funds, which can be obtained by calling (866) 574−3542. Please read them carefully before you invest or send money. SMART529 is distributed by Hartford Funds Distributors, LLC. Member SIPC.

For a copy of the West Virginia College and Jumpstart Savings Programs’ most recent Annual Comprehensive Financial Report, please click here.

"The Hartford" is The Hartford Insurance Group, Inc. and its subsidiaries.

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