The Vanguard Group and College Savings Iowa have altered operations of the 529 college savings plan they offer together, the companies announced today.

Since College Savings Iowa introduced the plan in 1998, the State Treasurer’s Office has managed it for plan participants using Vanguard mutual funds as investment offerings. Under the new arrangement, the State Treasurer’s Office will continue to manage the plan, however Vanguard will add plan participant servicing and marketing support.

The new structure will include four new age-based investment ‘tracks’ that are made up of five customized portfolios, which will be managed by Vanguard. Plan participants will be able to choose from these in addition to the Vanguard products already offered in the plan.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.