Are there any fees associated with opening a Minnesota College Savings Plan account?
With Minnesota College Savings Plan, there are no sales charges, start-up or maintenance fees. An annual asset-based management fee will be paid to TIAA-CREF Tuition Financing, Inc. (TFI) to cover the cost of investment management and administrative services. TFI is an affiliate of TIAA-CREF Individual and Institutional Services, LLC, the distributor for Minnesota College Savings Plan. This fee is computed at an annual rate of less than one percent (ranging from 0.60 to 0.65%) of the average daily net assets of Minnesota College Savings Plan (excluding assets held in the Guaranteed Option). The Guaranteed Option provides a guarantee of principal and a minimum rate of interest to Minnesota College Savings Plan, but not to account owners or beneficiaries. Effective November 1, 2007, transfers from the Guaranteed Option to the Money Market Option will not be permitted. (If this restriction changes, invstors will be notified prior to the effective date of any such change.) No other fees or
With Minnesota College Savings Plan, there are no sales charges, start-up or maintenance fees. An annual asset-based management fee will be paid to TIAA-CREF Tuition Financing, Inc. (TFI) to cover the cost of investment management and administrative services. TFI is an affiliate of TIAA-CREF Individual and Institutional Services, LLC. This fee is computed at an annual rate of less than one percent (ranging from 0.5125 to 0.6125%) of the average daily net assets of Minnesota College Savings Plan (excluding assets held in the Guaranteed Option). The Guaranteed Option provides a guarantee of principal and a minimum rate of interest to Minnesota College Savings Plan, but not to account owners or beneficiaries. Effective November 1, 2007, transfers from the Guaranteed Option to the Money Market Option will not be permitted. (If this restriction changes, invstors will be notified prior to the effective date of any such change.) No other fees or charges will be applied to your account. Please
