Fees and expenses

The information below describes the fees and expenses you would pay if you contributed to a particular portfolio in WA529 Invest. These fees are indirectly paid out of the assets of your account. Except for the fees listed below, there are currently no other fees, charges or penalties imposed by or payable to the Program in connection with opening or maintaining an account.

Portfolios Program Manager Fee(1)(2) State Administrative Fee(1)(3) Estimated Underlying Fund Fee(4) Total Annual Asset-Based Fees(5)
2042/2043 Enrollment Portfolio 0.07% 0.12% 0.061% 0.251%
2040/2041 Enrollment Portfolio 0.07% 0.12% 0.060% 0.250%
2038/2039 Enrollment Portfolio 0.07% 0.12% 0.060% 0.250%
2036/2037 Enrollment Portfolio 0.07% 0.12% 0.058% 0.248%
2034/2035 Enrollment Portfolio 0.07% 0.12% 0.057% 0.247%
2032/2033 Enrollment Portfolio 0.07% 0.12% 0.055% 0.245%
2030/2031 Enrollment Portfolio 0.07% 0.12% 0.054% 0.244%
2028/2029 Enrollment Portfolio 0.07% 0.12% 0.042% 0.232%
2026/2027 Enrollment Portfolio 0.07% 0.12% 0.031% 0.221%
Enrolled Portfolio 0.07% 0.12% 0.023% 0.213%
  1. 1Although the Program Manager Fee and State Administrative Fee are deducted from a Portfolio, not from your Account, each Account in the Portfolio indirectly bears its pro rata share of the Program Manager Fee and the State Administrative Fee as these fees reduce the Portfolio’s return.↩
  2. 2Each Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Program Manager a fee at an annual rate of 0.07% of the average daily net assets held by that Portfolio.↩
  3. 3Each Portfolio (with the exception of the Principal Plus Interest Portfolio) pays to the Committee a fee equal to 0.12% of the average daily net assets held by such Portfolios to pay for expenses related to the administration of the Program.↩
  4. 4The percentages set forth in this column are based on the expense ratios of the mutual funds in which a Portfolio invests. The amounts are calculated using the expense ratio reported in each fund’s prospectus effective as November 30, 2024, and are weighted according to the Portfolio’s allocation among the mutual funds in which it invests. Although these expenses are not deducted from a Portfolio’s assets, each Portfolio (other than the Principal Plus Interest Portfolio, which does not invest in mutual funds) indirectly bears its pro rata share of the expenses of the funds in which it invests as these expenses reduce such fund’s return.↩
  5. 5These figures represent the estimated weighted annual expense ratios of the mutual funds in which the Portfolios invest plus the fees paid to the Program Manager and to the Committee.↩

Portfolios Program Manager Fee(1)(2) State Administrative Fee(1)(3) Estimated Underlying Fund Fee(4) Total Annual Asset-Based Fees(5)
Aggressive Growth Portfolio 0.07% 0.12% 0.059% 0.249%
Growth Portfolio 0.07% 0.12% 0.060% 0.250%
Moderate Growth Portfolio 0.07% 0.12% 0.057% 0.247%
Balanced Portfolio 0.07% 0.12% 0.055% 0.245%
Conservative Portfolio 0.07% 0.12% 0.052% 0.242%
Income Portfolio 0.07% 0.12% 0.041% 0.231%
  1. 1Although the Program Manager Fee and State Administrative Fee are deducted from a Portfolio, not from your Account, each Account in the Portfolio indirectly bears its pro rata share of the Program Manager Fee and the State Administrative Fee as these fees reduce the Portfolio’s return.↩
  2. 2Each Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Program Manager a fee at an annual rate of 0.07% of the average daily net assets held by that Portfolio.↩
  3. 3Each Portfolio (with the exception of the Principal Plus Interest Portfolio) pays to the Committee a fee equal to 0.12% of the average daily net assets held by such Portfolios to pay for expenses related to the administration of the Program.↩
  4. 4The percentages set forth in this column are based on the expense ratios of the mutual funds in which a Portfolio invests. The amounts are calculated using the expense ratio reported in each fund’s prospectus effective as November 30, 2024, and are weighted according to the Portfolio’s allocation among the mutual funds in which it invests. Although these expenses are not deducted from a Portfolio’s assets, each Portfolio (other than the Principal Plus Interest Portfolio, which does not invest in mutual funds) indirectly bears its pro rata share of the expenses of the funds in which it invests as these expenses reduce such fund’s return.↩
  5. 5These figures represent the estimated weighted annual expense ratios of the mutual funds in which the Portfolios invest plus the fees paid to the Program Manager and to the Committee.↩

Portfolios Program Manager Fee(1)(2) State Administrative Fee(1)(3) Estimated Underlying Fund Fee(4) Total Annual Asset-Based Fees(5)
U.S. Equity Index Portfolio 0.07% 0.12% 0.050% 0.240%
Fixed Income Index Portfolio 0.07% 0.12% 0.030% 0.220%
Socially Responsible Portfolio 0.07% 0.12% 0.190% 0.380%
  1. 1Although the Program Manager Fee and State Administrative Fee are deducted from a Portfolio, not from your Account, each Account in the Portfolio indirectly bears its pro rata share of the Program Manager Fee and the State Administrative Fee as these fees reduce the Portfolio’s return.↩
  2. 2Each Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Program Manager a fee at an annual rate of 0.07% of the average daily net assets held by that Portfolio.↩
  3. 3Each Portfolio (with the exception of the Principal Plus Interest Portfolio) pays to the Committee a fee equal to 0.12% of the average daily net assets held by such Portfolios to pay for expenses related to the administration of the Program.↩
  4. 4The percentages set forth in this column are based on the expense ratios of the mutual funds in which a Portfolio invests. The amounts are calculated using the expense ratio reported in each fund’s prospectus effective as November 30, 2024, and are weighted according to the Portfolio’s allocation among the mutual funds in which it invests. Although these expenses are not deducted from a Portfolio’s assets, each Portfolio (other than the Principal Plus Interest Portfolio, which does not invest in mutual funds) indirectly bears its pro rata share of the expenses of the funds in which it invests as these expenses reduce such fund’s return.↩
  5. 5These figures represent the estimated weighted annual expense ratios of the mutual funds in which the Portfolios invest plus the fees paid to the Program Manager and to the Committee.↩

Portfolio Program Manager Fee State Administrative Fee Estimated Underlying Fund Fee Total Annual Asset-Based Fees
Principal Plus Interest Portfolio(6) N/A N/A N/A N/A
  1. 6The Principal Plus Interest Portfolio does not pay a Program Manager Fee or State Administrative Fee. TIAA-CREF Life Insurance Company (“TIAA-CREF Life”), an affiliate of TFI and the issuer of the funding agreement in which this Portfolio invests, makes payments to the Program Manager. TIAA-CREF Life also pays the Committee a fee, equal to 0.12% of the average daily net assets held by the Principal Plus Interest Portfolio. These payments, among many other factors, are considered by the issuer when determining the interest rate(s) credited under the funding agreement. ↩