FYI: Many of the websites that I found still list California’s plan as TIAA-CREF, which is out of date.
We (CA) now have Fidelity, for better or worse. I had invested in TIAA-CREF for both 529 and 403b, and Fidelity for IRA and brokerage. Since I’ve had good luck with both, I wasn’t too upset, but I still prefer the customer service of TIAA-CREF (though Fidelity has much more information and services).
As far as the expenses:
The Fidelity aged-based mutual fund has an expense of 0.5%, and the “custom basket” of mutual funds is 0.3%+(whatever the mutual fund fees in your basket), there is also a Social Choice for 0.8%. This data is directly from my current ShcholarShare Prospectus. The TIAA-CREF that California had in the past was capped at 0.8%, but was typically lower, if I recall correctly.
BTW: I humbly suggest that if your wealth or income source is unusual you should (at least) look at the college savings options on the Fools page or similar (or an advisor). My sister has significant assets and was directed in another direction for college savings. And we have been directed to change as well once (and if) our business income significantly outpaces our regular salaries.
-one muggle
