BALTIMORE, Oct. 9, 2017 /PRNewswire/ — Maryland 529, formerly College Savings Plans of Maryland, today announced the dates for their Webinar Series for the 2017-2018 enrollment year. Maryland 529 is an independent, non-profit state agency that provides two flexible and affordable 529 plans: the Maryland College Investment Plan, managed and distributed by T. Rowe Price, and the Maryland Prepaid College Trust. In 2016, Morningstar awarded the Maryland College Investment Plan a “Silver” rating, placing the plan among the top ten best-in-class plans.
The Webinar Series offers free, informational webinars detailing the ease and affordability of partnering with Maryland 529 to save for higher education. During each hour-long webinar, Maryland 529 will review the specifics of the two plans, and explain the tax benefits offered. There will also be time set aside to answer any questions prospective account holders may have.
The hour-long webinars will run now through April, 2018. Registration for the webinars is now open. To enroll in a webinar or to find additional details visit: maryland529.com/webinars.
Please carefully read the Enrollment Kit which describes the investment objectives, risks, expenses, and other important information that you should consider before you invest in the Maryland 529 Plans. The Enrollment Kit is available at www.Maryland529.com or by calling 888.4MD.GRAD. Also, if you or your beneficiary live outside of Maryland, you should consider before investing whether your state or your beneficiary’s state offers state tax or other benefits for investing in its 529 plan.
Morningstar analysts reviewed 63 plans for its 2016 ratings (10/25/16), of which 3 plans received a “Gold” rating and 10 plans received a “Silver” rating. Morningstar analysts reviewed 63 plans for its 2015 ratings (10/20/15), 64 plans for its 2014 ratings (10/21/14), 2013 ratings (10/22/13) and 2012 ratings (10/15/12), of which 4 plans received a “Gold” rating. To determine a plan’s rating, Morningstar’s analysts considered five factors: the plan’s strategy and investment process; the plan’s risk-adjusted performance; an assessment of the individuals managing the plan’s investment options; the stewardship practices of the plan’s administration and parent firm; and whether the plan’s investment options are a good value proposition compared to its peers. Plans were then assigned forward-looking ratings of “Gold,” “Silver,” “Bronze,” “Neutral,” and “Negative.” To earn a “Top” rating, a plan must be best-in-class across all five areas.
Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts’ current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees.
Maryland 529 Administrator and Issuer
T. Rowe Price Associates, Inc., Program Manager and Investment Advisor
T. Rowe Price Investment Services, Inc., Distributor/Underwriter
SOURCE Maryland 529
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