Fees & expenses

The information below describes the fees and expenses that you would pay if you contributed to a particular investment portfolio in the Path2College 529 Plan. These fees are indirectly paid out of the assets of your account. Except for the fees listed below, there are currently no other fees, charges or penalties imposed by or payable to the Plan in connection with opening or maintaining an account.

Investment Portfolio Estimated Underlying Investment Expense(1) Plan Manager Fee(2) Board Administrative Fee(3) Total Annual Asset-Based Fees(4)
2042/2043 Enrollment Portfolio 0.054% 0.020% 0.000% 0.074%
2040/2041 Enrollment Portfolio 0.054% 0.020% 0.000% 0.074%
2038/2039 Enrollment Portfolio 0.053% 0.020% 0.000% 0.073%
2036/2037 Enrollment Portfolio 0.053% 0.020% 0.000% 0.073%
2034/2035 Enrollment Portfolio 0.052% 0.020% 0.000% 0.072%
2032/2033 Enrollment Portfolio 0.051% 0.020% 0.000% 0.071%
2030/2031 Enrollment Portfolio 0.048% 0.020% 0.000% 0.068%
2028/2029 Enrollment Portfolio 0.031% 0.020% 0.000% 0.051%
2026/2027 Enrollment Portfolio 0.022% 0.020% 0.000% 0.042%
In School Enrollment Portfolio 0.017% 0.020% 0.000% 0.037%
  1. 1Estimated Underlying Investment Expense represents a weighted average of the expenses of the Investment Portfolio's underlying investments. The amounts are calculated using the expense ratio reported in each mutual fund's prospectus effective as of May 1, 2026, and are weighted according to the Investment Portfolio's allocation among the mutual funds in which it invests. The estimated underlying investment expenses may change from time to time. The Plan's website at www.path2college529.com may include updated underlying investment expenses before the Plan Description is updated. Although these expenses are not deducted from an Investment Portfolio's assets, each Investment Portfolio (other than the Principal Plus Interest Portfolio, which does not invest in mutual funds) indirectly bears its pro rata share of the expenses of the mutual funds in which it invests as these expenses reduce such mutual funds' return.↩
  2. 2Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Plan Management Fee at an annual rate of 0.02% of the average daily net assets held by that Investment Portfolio. Payment of the Plan Management Fee by each Investment Portfolio is already reflected in the Investment Portfolio's net asset value ("NAV"). The Plan Manager Fee may change from time to time. The Plan's website at www.path2college529.com may include updated fees before the Plan Description is updated.↩
  3. 3For services in administrating the Plan, each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) may charge a Board administrative fee at an annual rate of 0.06% of the average daily net assets of the Investment Portfolio. Effective June 30, 2026, the Board has waived this fee indefinitely. The Board reserves the right to reimpose the fee at any time. There is no guarantee that the fee waiver will continue. The Plan's website at www.path2college529.com may include updated fees before the Plan Description is updated.↩
  4. 4Total Annual Asset-Based Fee illustrates the total asset-based fees assessed against net assets annually. Please refer to the Hypothetical $10,000 Investment Cost Example Chart to review the impact of fees and expenses on a hypothetical $10,000 investment in the Plan over 1-, 3-, 5-, and 10-year periods.↩

Investment Portfolio Estimated Underlying Investment Expense(1) Plan Manager Fee(2) Board Administrative Fee(3) Total Annual Asset-Based Fees(4)
Conservative Allocation Portfolio 0.035% 0.020% 0.000% 0.055%
Balanced Allocation Portfolio 0.058% 0.020% 0.000% 0.078%
High Equity Allocation Portfolio 0.071% 0.020% 0.000% 0.091%
100% Fixed-Income Portfolio 0.035% 0.020% 0.000% 0.055%
U.S. Equity Index Portfolio 0.040% 0.020% 0.000% 0.060%
Money Market Portfolio 0.110% 0.020% 0.000% 0.130%
  1. 1Estimated Underlying Investment Expense represents a weighted average of the expenses of the Investment Portfolio's underlying investments. The amounts are calculated using the expense ratio reported in each mutual fund's prospectus effective as of May 1, 2026, and are weighted according to the Investment Portfolio's allocation among the mutual funds in which it invests. The estimated underlying investment expenses may change from time to time. The Plan's website at www.path2college529.com may include updated underlying investment expenses before the Plan Description is updated. Although these expenses are not deducted from an Investment Portfolio's assets, each Investment Portfolio (other than the Principal Plus Interest Portfolio, which does not invest in mutual funds) indirectly bears its pro rata share of the expenses of the mutual funds in which it invests as these expenses reduce such mutual funds' return.↩
  2. 2Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Plan Management Fee at an annual rate of 0.02% of the average daily net assets held by that Investment Portfolio. Payment of the Plan Management Fee by each Investment Portfolio is already reflected in the Investment Portfolio's net asset value ("NAV"). The Plan Manager Fee may change from time to time. The Plan's website at www.path2college529.com may include updated fees before the Plan Description is updated.↩
  3. 3For services in administrating the Plan, each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) may charge a Board administrative fee at an annual rate of 0.06% of the average daily net assets of the Investment Portfolio. Effective June 30, 2026, the Board has waived this fee indefinitely. The Board reserves the right to reimpose the fee at any time. There is no guarantee that the fee waiver will continue. The Plan's website at www.path2college529.com may include updated fees before the Plan Description is updated.↩
  4. 4Total Annual Asset-Based Fee illustrates the total asset-based fees assessed against net assets annually. Please refer to the Hypothetical $10,000 Investment Cost Example Chart to review the impact of fees and expenses on a hypothetical $10,000 investment in the Plan over 1-, 3-, 5-, and 10-year periods.↩

Investment Portfolio Estimated Underlying Investment Expense Plan Manager Fee Board Administrative Fee Total Annual Asset-Based Fees
Principal Plus Interest Portfolio(6)(5) N/A N/A N/A N/A
  1. 5The Principal Plus Interest Portfolio does not pay Plan Manager Fee or Board Administrative Fees. Teachers Insurance and Annuity Association of America ("TIAA"), an affiliate of TFI and the issuer of the funding agreement in which this Investment Portfolio invests, makes payments to the Program Manager. The Board receives a fee, equal to 0.06% of the average daily net assets held by the Principal Plus Interest Portfolio. These payments, among many other factors, are considered by the issuer when determining the interest rate(s) credited under the funding agreement.↩