Morningstar’s adviser-sold 529 plans: The good, bad and ugly
Morningstar rating: Negative, downgraded from neutral last year
Inception: 2003
Plan options: 14
Age-based options: 3
Total fee range: 0.19 – 2.24%
Initial purchase minimum: $250
Maximum investment: $305,000
In-state tax deduction: Single, up to $14,000; joint filing, up to $28,000
Program manager: Franklin Templeton Distributors
Plan trustee: NJ Higher Education Assistance Authority