- The information on this page is current as of July 20, 2026.
Managing a 530A account
Where is the money invested? Can I make choices on where to invest?
530A funds are invested in stocks and bonds that track the overall movement of the stock market. In most cases, that means that if the S&P 500 goes up 10%, the 530A will also go up 10%. Technically speaking, your child’s 530A account will own shares in a “mutual fund” or an “exchange-traded fund.”
The default 530A fund is invested in the State Street SPDR Portfolio S&P 500 ETF.
You also have the option to transfer 530A funds to four other similar funds. As of July 2026, this option is not yet available. The other funds are:
- iShares Core S&P 500 ETF
- Vanguard Total Stock Market ETF
- State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF,
- iShares Core S&P total U.S. Stock Market ETF.
Generally, there is no strong reason to prefer any of these alternatives. You can leave your 530A money in the default fund.
All cash contributions to a 530A will be invested in funds as described above.
In July 2026, the government started accepting philanthropic donations of stocks to 530A accounts. This means some of the money in your 530A could be invested in stocks in specific companies. The details and rules are still being finalized.
Are there any fees charged on the account?
Like most investment accounts, 530A accounts may charge management fees. The law caps certain types of fees at 0.1%, but the full fee schedule is not yet known. Any fees should be deducted automatically from the account.
What is a “rollover”? How do I “roll over” the account?
By default, your child’s 530A is managed by a company called Robinhood. Other companies are qualified to manage 530A accounts. If you wish, you will be able to transfer your 530A to another company that offers 530A accounts. This transfer is called a “rollover.”
You might choose to do this if you have accounts with another company and want to keep everything in one place. However, 530A accounts at different companies are expected to be very similar.
As of May 2026, the process for rollovers has not yet been announced. Check back for updates.