HARRISBURG — Pennsylvania Treasurer Stacy Garrity announced two new fee cuts for the Morningstar Gold Rated PA 529 Investment Plan (IP) as a result of continued program account growth and asset milestones.

“Our PA 529 IP is already one of the best programs in the country, and these fee cuts make it even better,” Garrity said. “I’m thrilled that so many families are saving for their children’s future education with PA 529, because that success is what made these new fee cuts possible. It’s never too late to start saving, but an early start helps make future education and career goals a reality without a heavy debt.”

PA 529 IP account owners will see a 0.25 basis point fee reduction because PA 529 assets have surpassed $5.5 billion. An additional reduction of 0.50 basis points is the result of the combined assets of the PA 529 IP and the PA 529 Guaranteed Savings Plan (GSP) exceeding $8 billion.

More than 190,000 families have saved more than $5.6 billion with the PA 529 IP, which earned its second consecutive Morningstar Gold Rating in October 2024. Morningstar recognized Treasurer Garrity’s “exceptional oversight and advocacy,” and complimented Treasury for “approach[ing] its responsibilities with rigor, bringing team members’ investing, business and legal acumen to bear.”

To learn more about saving with PA 529, visit pa529.com or call (800) 440-4000.