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Schwab 529 Education Savings Plan

4 / 5

Our rating

Best KS resident benefits

KS resident benefits

The Schwab 529 Education Savings Plan is available through Charles Schwab & Co., Inc. Effective March 2, 2026, TIAA-CREF Tuition Financing, Inc. (TFI), an SEC registered investment advisor, will be the plan manager for the Schwab 529 Plan. The Schwab 529 Plan was created by the Kansas State Legislature under the provisions of Section 529 of the Internal Revenue Code and is administered by the Kansas State Treasurer. Notice: Accounts established under the Schwab 529 Plan and their earnings are neither insured nor guaranteed by the state of Kansas, the Kansas State Treasurer, TFI or Charles Schwab & Co. Inc. TIAA-CREF Individual & Institutional Services, LLC, Distributor.

Schwab 529 Education Savings Plan

KEY METRICS

OVERVIEW

Program type

Savings

Inception

2003

State agency

Kansas State Treasurer

Tax deduction

For single filers: $3,000/yr per beneficiary

For joint filers: $6,000/yr per beneficiary

Program manager

TIAA-CREF Tuition Financing, Inc.

Program distributor

TIAA-CREF Individual & Institutional Services, LLC, (availability through Schwab)

Manager contract term

MORE INFORMATION

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens, and UGMA/UTMA custodians. Joint ownership is permitted.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in any 529 plan sponsored by the Kansas State Treasurer for the same beneficiary reach $550,000.

Minimum contributions:

No minimum

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

This plan offers a robust gifting platform that allows gift-givers to save their own profile for recurring or future contributions.

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 Schwab 529 Education Savings Plan can select from the following investment options. Click on a portfolio name for more information.

Choose from among 10 Target Enrollment Portfolios, in which target allocations of the portfolio automatically adjust to more conservative allocations as your beneficiary approaches college age.
PortfolioE.R. % Equity1yr performance
2044-2045 Enrollment Portfolio0.07%N/AN/A
2042-2043 Enrollment Portfolio0.08%N/AN/A
2040-2041 Enrollment Portfolio0.09%N/AN/A
2038-2039 Enrollment Portfolio0.1%N/AN/A
2036-2037 Enrollment Portfolio0.11%N/AN/A
2034-2035 Enrollment Portfolio0.11%N/AN/A
2032-2033 Enrollment Portfolio0.12%N/AN/A
2030-2031 Enrollment Portfolio0.12%N/AN/A
2028-2029 Enrollment Portfolio0.11%N/AN/A
Enrolled Portfolio0.1%N/AN/A

Age-based/Enrollment Year investment options:

Choose from among 10 Target Enrollment Portfolios, in which target allocations of the portfolio automatically adjust to more conservative allocations as your beneficiary approaches college age.

Static investment options:

Select among 3 Multi-Fund Portfolios, and 13 Individual Fund Portfolios including the Principal Plus Interest Portfolio.

Underlying investments:

Schwab Asset Management, Dimensional Fund Advisors LP, Dodge & Cox, Brandywine, LLC, T. Rowe Price Associates, Inc. and The Vanguard Group, Inc.

Underlying fund allocations:

Portfolio Fees & Performance Lookup

Fees & Expenses

Enrollment or application fee:

None.

Account maintenance fee:

None.

Program management fees:

0.01% manager fee (waived for the Principal Plus Interest Portfolio)

Expenses of the underlying investments:

Enrollment Year Portfolios - range from 0.05% - 0.10%. Multi-Fund Portfolios range from 0.04%-0.12%. Individual Fund Portfolios range from 0.03%-0.54%.

Total asset-based expense ratio:

0.05% - 0.56%

Taxes and other Benefits

State tax deduction or credit for contributions:

529 contributions are not deductible from federal taxes; state income tax treatment varies. For residents of one of the following states, contributions to the Schwab 529 Education Savings Plan may be deductible from state income taxes: Arizona, Arkansas, Kansas, Maine, Minnesota, Missouri, Montana, Ohio, and Pennsylvania. This list is subject to change. Check with your state or with a tax professional for additional details and to determine what documentation, if any, is required when filing. Contributions to Kansas AND non-Kansas state-sponsored 529 plans of up to $3,000 per beneficiary per year by an individual, and up to $6,000 per beneficiary per year by a married couple filing jointly, are deductible in computing Kansas taxable income. Rollover contributions are not deductible. Kansas taxpayers that make a contribution between January 1 and the tax filing deadline are allowed to choose either the current tax year or previous tax year in which to take the individual state income tax deduction.

Calculate your Kansas 529 tax benefit

Find out how much you can save on state taxes this year by contributing to a Kansas 529 plan.

Household income

$100,000

Your monthly contribution

$100

Tax Savings per Year
$0

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Kansas taxable income to the extent of prior Kansas tax deductions. Rollovers are not subject to recapture.

State definition of qualified expenses

As defined in the Section 529(e)(3) of the Code, such as, the cost of tuition, fees, books, supplies, and equipment required for the enrollment or attendance of a beneficiary at an Eligible Educational Institution, certain of the costs of housing and food (room and board), the cost of computer or peripheral equipment, certain software, and internet access and related services if used primarily while the Beneficiary is attending school. For both federal and Kansas tax purposes, any reference to a Qualified Education Expense also includes references to (i) expenses for fees, books, supplies, and equipment for the participation of a Beneficiary in an Apprenticeship program (ii) amounts paid as principal or interest on any Qualified Education Loan of either the Beneficiary or a sibling of the Beneficiary up to a lifetime limit of $10,000 per individual, (iii) Postsecondary Credentialing Expenses, and (iv) Primary or Secondary school expenses (up to the then applicable limit).

State tax treatment of qualified distributions:

Qualified distributions from Kansas and non-Kansas 529 plans are exempt.

State tax treatment of rollovers:

Kansas follows federal tax-free treatment.

Program match on contributions:

None.

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

No

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

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.schwab.com/529-plan

Telephone:

1-888-903-3863

While Saving For College strives to maintain accurate and up-to-date information using plan disclosure statements and other sources, readers should check the plan's official website and disclosure statement for the most current and complete details.

A good place to start:

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