Today, Treasurer David McRae announced that MACS fees will decline by nearly 20 percent as a result of an investment transition his team undertook.
“Earlier this year, Forbes ranked the Mississippi Affordable College Savings (MACS) plan among the top six 529 plans in America. Now, we're making one of the nation's best college savings plans even better,” said McRae. “Every dollar you save on fees is another dollar that can go toward your child's future. That's exactly what good government should do: deliver more value, lower costs, and help families build lasting financial security.”
MACS is Mississippi's 529 College and Career Savings Plan, administered by the State Treasury. The plan allows families to save for future education and career training expenses through a tax-advantaged account. Funds can be used for a wide range of qualified expenses, including tuition, books and school supplies, apprenticeship programs, and more.
Current MACS account holders do not need to take any action to receive the new, lower fees. Customers with questions may contact MACS Customer Service at (800) 987-4450 or by email at MACSquestions@ms529.com. Additional information, including the updated MACS Disclosure Booklet and Participation Agreement, is available at www.MS529.com.
For more information or to book an interview, please contact Brittany Comins at press@treasury.ms.gov.
