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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 Investments Expenses(1) Plan Management Fee(2) Board Administrative Fee(3) Total Annual Asset-Based Fees(4)
2042/2043 Enrollment Portfolio 0.06% 0.02% 0.02% 0.10%
2040/2041 Enrollment Portfolio 0.06% 0.02% 0.02% 0.10%
2038/2039 Enrollment Portfolio 0.06% 0.02% 0.02% 0.10%
2036/2037 Enrollment Portfolio 0.06% 0.02% 0.02% 0.10%
2034/2035 Enrollment Portfolio 0.06% 0.02% 0.02% 0.10%
2032/2033 Enrollment Portfolio 0.06% 0.02% 0.02% 0.10%
2030/2031 Enrollment Portfolio 0.05% 0.02% 0.02% 0.09%
2028/2029 Enrollment Portfolio 0.03% 0.02% 0.02% 0.07%
2026/2027 Enrollment Portfolio 0.03% 0.02% 0.02% 0.07%
In School Enrollment Portfolio 0.02% 0.02% 0.02% 0.06%
  1. 1Estimated Underlying Investment Expense represent a weighted average of the expenses of the Investment Portfolio’s underlying Investments. Expense ratios have been derived from each Underlying Fund's most recent prospectus as of October 1, 2025. The fees and expenses of the underlying investments may change.↩
  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").↩
  3. 3Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Board Administrative Fee at an annual rate of 0.02% of the average daily net assets held by that Investment Portfolio. Payment of the Board Administrative Fee by each Investment Portfolio is already reflected in the Investment Portfolio's NAV.↩
  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 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 Investments Expenses(1) Plan Management Fee(2) Board Administrative Fee(3) Total Annual Asset-Based Fees(4)
Conservative Allocation Portfolio 0.04% 0.02% 0.02% 0.08%
Balanced Allocation Portfolio 0.06% 0.02% 0.02% 0.10%
High Equity Allocation Portfolio 0.08% 0.02% 0.02% 0.12%
100% Fixed-Income Portfolio 0.04% 0.02% 0.02% 0.08%
U.S. Equity Index Portfolio 0.05% 0.02% 0.02% 0.09%
  1. 1Estimated Underlying Investment Expense represent a weighted average of the expenses of the Investment Portfolio’s underlying Investments. Expense ratios have been derived from each Underlying Fund’s most recent prospectus as of October 1, 2025. The fees and expenses of the underlying investments may change.↩
  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").↩
  3. 3Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Board Administrative Fee at an annual rate of 0.02% of the average daily net assets held by that Investment Portfolio. Payment of the Board Administrative Fee by each Investment Portfolio is already reflected in the Investment Portfolio's NAV.↩
  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 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 Investments Expenses Plan Management 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 State 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.↩