Facebook Pixel
Quick links
LoginGet started
529 Plans
College Savings 101
Student Loans
For Professionals
Pro Dashboard

Florida Investment 529 Plan

4 / 5

Our rating

Best FL resident benefits

FL resident benefits

Education

What stands out about this plan

  • Florida residents enjoy some of the lowest fees of any 529 plan in the country
  • Choose from a wide variety of low-cost investment choices from leading fund managers
  • Easy to navigate website makes account set-up a breeze
Florida Investment 529 Plan

KEY METRICS

DESCRIPTION

The Florida Investment 529 Plan is administered by the Florida Prepaid College Board. In September 2019 the Board enhanced the plan with expanded investment options, reduced fees, and additional investment managers. In 2022 the Board converted the age-based option to enrollment year funds that automatically reallocate quarterly within each fund. As a result, the plan currently offers 20 enrollment year options (each year represents an estimated time for when the funds will be needed), six static options (predesigned based on investment goals such as growth or income), and 15 individual funds (for more sophisticated investors who want to do it themselves).

OVERVIEW

Program type

Investment

Inception

2002

State agency

Florida Prepaid College Board

Tax deduction

For single filers: None

For joint filers: None

Program manager

Florida Prepaid College Board

Program distributor

Not applicable

Manager contract term

MORE INFORMATION

Eligibility

State residency requirements:

Beginning September 2019, the beneficiary must be a Florida resident at time of enrollment.

Who can be a participant/owner in the program?

U.S. citizens and resident aliens at least 18 years old, UGMA/UTMA custodians, and legal entities organized in the U.S.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in Florida's 529 plans for the same beneficiary reach $500,000.

Minimum contributions:

No minimum contribution.

Does the program offer an e-gifting platform for receiving gift contributions?

This plan offers an online tool to share a gift contribution link with family and friends.

SPONSORED

Other great plans to consider

You are not limited to your own state's 529 plan, so compare the plan and tax benefits offered by your state to other options. Here are some plans that are available to residents of any state and have earned awards in our 529 Plan Ratings:

Investment Options

Investors in Florida Investment 529 Plan can select from the following investment options. Click on a portfolio name for more information.

The enrollment year portfolios allocate funds between stocks and bonds as a student approaches enrollment. Over time, the investment transitions from majority-stock to majority-bond. Stocks generally exhibit higher returns but may present more risk/volatility -- a balance appropriate for a long investment horizon. As the student approaches enrollment, funds are increasingly invested in bonds, which generally exhibit less risk/volatility.
PortfolioE.R. % Equity1yr performance
2041 Portfolio0.08%85%15.89%
2040 Portfolio0.08%85%15.89%
2039 Portfolio0.08%79%15.46%
2038 Portfolio0.07%73%14.08%
2037 Portfolio0.07%67%13.22%
2036 Portfolio0.07%61%12.32%
2035 Portfolio0.06%56%11.52%
2034 Portfolio0.05%50%10.63%
2033 Portfolio0.05%44%9.73%
2032 Portfolio0.05%38%8.79%
2031 Portfolio0.05%32%7.91%
2030 Portfolio0.04%26%6.97%
2029 Portfolio0.04%19%6.08%
2028 Portfolio0.05%14%5.36%
2027 Portfolio0.06%10%4.78%
2026 Portfolio0.08%10%4.85%
Enrolled Portfolio0.09%10%5.06%
2042 Portfolio0.08%85%15.89%
2043 Portfolio0.08%85%15.9%
2044 Portfolio0.08%85%N/A

Age-based/Enrollment Year investment options:

The enrollment year portfolios allocate funds between stocks and bonds as a student approaches enrollment. Over time, the investment transitions from majority-stock to majority-bond. Stocks generally exhibit higher returns but may present more risk/volatility -- a balance appropriate for a long investment horizon. As the student approaches enrollment, funds are increasingly invested in bonds, which generally exhibit less risk/volatility.

Static investment options:

Account owners may create a customized portfolio from six predesigned static portfolio options, including three multi-manager static options (growth, blended, income), three static passive options (growth, blended, income) and fifteen individual fund options (including money market, bond and stock choices).

Underlying investments:

Underlying investments managed by Vanguard, BlackRock, Dimensional Fund Advisors (DFA), Eaton Vance, Florida PRIME and Wellington Management

Underlying fund allocations:

Portfolio Fees & Performance Lookup

Fees & Expenses

Enrollment or application fee:

None.

Account maintenance fee:

None.

Program management fees:

None

Expenses of the underlying investments:

0.04% to 0.09% in the Enrollment Year Portfolio, 0.04% to 0.18% for Static portfolios, and 0.02% to 0.78% in the Individual Options.

Total asset-based expense ratio:

0.02% - 0.77%

Taxes and other Benefits

State tax deduction or credit for contributions:

Not applicable. Florida does not have a personal income tax.

State tax recapture provisions:

N/A

State definition of qualified expenses

The state conforms with the federal definition of qualified education expenses, which includes expenses for higher education, apprenticeship programs, interest and/or principal on qualified education loans up to a $10,000 lifetime cap, and up to $10,000 per year in tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. Distributions from a 529 account directly to a Roth IRA are considered a qualified expense.

State tax treatment of qualified distributions:

Not applicable. Florida does not have a personal income tax.

State tax treatment of rollovers:

Florida does not have a personal income tax.

Program match on contributions:

None.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

Florida Investment 529 Plans to do not impact Florida Bright Futures Scholarship Awards (the primary state financial aid program in Florida).

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Is there a rewards program or outside scholarship program that works with this program?

Yes, the Upromise Rewards program can be linked to any 529 college savings plan. Upromise Rewards is free to join and offers members cash back for college.

Statutory protection of an account from creditors:

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes, participants conduct all account management through the secure customer account portal, requiring multi-factor authentication.

Can the complete enrollment process including funding be done online?

Yes

Documents and other services accessible or downloadable on the program's public Web site:

Contact

Website:

https://www.myfloridaprepaid.com/savings-plan/

Telephone:

1-800-552-4723

Twitter

https://twitter.com/FloridaPrepaid

Social Media

https://www.facebook.com/FloridaPrepaid https://www.instagram.com/myfloridaprepaid/

A good place to start:

See the best 529 plans, personalized for you
Helping families save for college since 1999
Key Resources
Our Company
Join our email list

The latest articles and tips to help parents stay on track with saving and paying for college, delivered to your inbox every week.

Frequently featured in:

Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.

20533 Biscayne Blvd Ste 4 #199 Miami, FL 33180-1501Phone: (585) 286-5426Copyright © 2026 Saving for College, LLC. All Rights Reserved