I'm trying to understand the mechanics of how the fees are paid in a 529 plan. For example, I used the fee calculator on Utah's my529 website and it includes the fund's Exp Ratio fees and then adds the program fee (.18%) for a total. (https://my529.org/wp-content/calculator/static/customized-static-calculator) But according to the my529 plan folks I talked to, the only fee we will see taken our of our account is the .18% annually. So is the my529 program just covering the other expense fees out of generosity?
The fees are then paid out of the dividends that come in from the individual funds or are covered by the account's earnings. If the earnings are zero and the dividends are zero, they said we'd pay zero. Does that sound accurate?
