NY 529

New York's 529 College Savings Program Direct Plan is a state-sponsored, tax-advantaged plan open to any state's residents. Ascensus Broker Dealer Services is program manager; The Vanguard Group is investment manager. No enrollment/annual fees, low-cost Vanguard portfolios (~0.11% total fee), no minimum contribution. NY residents can deduct up to $10,000/year ($5,000 single) from state taxable income. Often offered by employers via payroll deduction as a voluntary benefit.