- The information on this page is current as of June 5, 2026.
Managing a 530A account
Where is the money invested?
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.”
Like most investment accounts, 530A accounts may apply a management fee. Any annual fees and expenses cannot be more than 0.1% of the amount in the account. This amount will be automatically deducted 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.
Can I make investment choices regarding the account?
In a 530A, you may be able to choose from a menu of eligible investment funds. If so, the funds you can choose from will likely be quite similar. As discussed here, 530A funds are required to be invested in fairly standard stocks and bonds. You can’t, for example, choose to invest in a specific company or a specific industry.
As of May 2026, it is not yet clear what investment options Robinhood or other companies may offer for 530A accounts.
Check back for updates.
Haven't filed your taxes? You might be leaving money on the table
You may want to file a tax return even if you did not work or earned very little income. Filing taxes may help your family access benefits, tax credits, and a 530A account.