Manufacturers Life Insurance is increasing the number of investment options to 15, from 10, in the 529 college savings program it offers to plan sponsors.
The new investments, all individual portfolios, are the T. Rowe Price Blue Chip Growth 529 and Mid-Cap Value 529, Manulife Stable Principal, AIM Aggressive Growth 529, and Templeton Foreign 529.
The 529 program, launched in July 2001, is available via payroll deduction to employees of plan sponsors serviced by ManuLife. It is managed by T. Rowe Price, and the state administrator is the Education Trust of Alaska, Anchorage.
As of June 30, the program had $280 million in assets and 35,600 accounts.
