Common use of State Administrative Fee Clause in Contracts

State Administrative Fee. Except as provided in the next sentence, each Age-Based, Target, Individual Fund, and Individual Fund ETF Portfolio is subject to a state administrative fee at an annual rate of 0.03% of the average daily net assets, which is accrued daily and reflected in the NAV of each Age-Based, Target, Individual Fund, and Individual Fund ETF Portfolio. The Money Market 529 Portfolio is subject to a state administrative fee at the annual rate of 0.00% of the average daily net assets. The Treasurer may, in its sole discretion, modify the state administrative fee. Account owners will be notified of any change in the state administrative fee.

State Administrative Fee. Except as provided in the next sentence, each Age-Based, Target, Individual Fund, and Individual Fund ETF Portfolio is subject to a state administrative fee at an annual rate of 0.03% of the average daily net assets, which is accrued daily and reflected in the NAV of each Age-Age- Based, Target, Individual Fund, and Individual Fund ETF Portfolio. The Money Market 529 Portfolio and Bank Savings 529 Portfolio is subject to a state administrative fee at the annual rate of 0.00% of the average daily net assets. The Treasurer may, in its sole discretion, modify the state administrative fee. Account owners will be notified of any change in the state administrative fee.

State Administrative Fee. Except as provided in the next sentence, each Age-Based, Target, Individual Fund, and Individual Fund ETF Portfolio is subject to a state administrative fee at an annual rate of 0.03% of the average daily net assets, which is accrued daily and reflected in the NAV of each Age-Based, Target, Individual Fund, Target and Individual Fund ETF Portfolio. The Index Age-Based, Index Target, Index Individual Fund Portfolios, and the Money Market 529 Portfolio is are subject to a state administrative fee at the annual rate of 0.00% of the average daily net assets. The Treasurer may, in its sole discretion, modify the state administrative fee. Account owners will be notified of any change in the state administrative fee.

State Administrative Fee. Except as provided in the next sentence, each Age-Based, Target, Individual Fund, and Individual Fund ETF Portfolio is subject to a state administrative fee at an annual rate of 0.030.025% of the average daily net assets, which is accrued daily and reflected in the NAV of each Age-Based, Target, Individual Fund, Target and Individual Fund ETF Portfolio. The Index Age-Based, Index Target, Index Individual Fund Portfolios, Bank Savings 529 Portfolio, and the Vanguard Federal Money Market 529 Portfolio is are subject to a state administrative fee at the annual rate of 0.00% of the average daily net assets. The Treasurer may, in its sole discretion, modify the state administrative fee. Account owners will be notified of any change in the state administrative fee.