Contributing To Your Plan

• August 8, 2023

  Contributing To Your Plan

  Can I move money from another 529 Plan to Florida’s 529 Savings Plan?

  Yes. Funds may be transferred from another state’s 529 Plan into a Florida 529 Savings Plan. The IRS calls this a “rollover” and allows you to do so once every 12 months for the same Beneficiary. In addition, Education Savings Accounts (ESAs), Uniform Gift/Transfers to Minor Act (UGMA/ UTMA) assets…

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• August 7, 2023

  Contributing To Your Plan

  When are my contributions actually invested?

  Contributions received and processed before the close of trading on the New York Stock Exchange will be invested the same day. Contributions received and processed after the close of trading on the New York Stock Exchange will be invested on the next business day.…

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• August 5, 2023

  Contributing To Your Plan

  Can other people contribute to my Florida 529 Savings Plan?

  Yes. If you have friends and family that want to contribute to your Florida 529 Savings Plan, you can set up a gifting event through your online account at myfloridaprepaid.com and invite them to join the cause. Or, invite them to send a check and a Contribution Coupon Form to…

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• August 3, 2023

  Contributing To Your Plan

  Is there a maximum account balance or contribution amount?

  There is no annual contribution limit. You may contribute until the account reaches a maximum balance of $418,000. No further contributions can be made once the account has reached the maximum balance.…

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• August 2, 2023

  Contributing To Your Plan

  Is there a minimum contribution amount?

  No. There is no minimum contribution to get started. You contribute as much and as often as you like. Many families find the best way to fund a college savings plan is to set up an automatic monthly contribution so it’s part of their regular budget.…

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• January 31, 2019

  Contributing To Your Plan

  How do I contribute to my Florida 529 Savings Plan?

  There are multiple ways to make a contribution. You can: Contribute online at myfloridaprepaid.com. We offer one-time and recurring options; Mail a check (including account number) payable to Florida 529 Savings Plan, PO Box 31483, Tampa, FL 33631-3483; or, Sign up for automatic payroll deduction with a participating employer.…

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