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FILE - For the seventh straight year, the Utah Educational Savings Plan has been awarded a gold rating by Morningstar’s Manager Research Group.

SALT LAKE CITY — For the seventh straight year, the Utah Educational Savings Plan has been awarded a gold rating by Morningstar’s Manager Research Group.

Morningstar, a leading industry analyst, evaluated 62 plans in its annual report, with only four earning the top rating. It rated the 529 college savings plans for their management, fund partners, oversight, investment offerings, fees and performance.

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Morningstar analyst Heather Larsen lauded Utah’s plan for its “compelling investment options, exceptional state oversight and attractive price tag.”

“Both residents and nonresidents will be well served by its low cost and appealing set of investment options,” she wrote.

After hitting $10 billion in assets under management in January, Utah’s plan notched $11 billion in July and now serves more than 349,000 accounts.

Accounts are free to open, and the plan requires no minimum deposit or account balance. To learn more about the plan, visit uesp.org, call the toll-free line at 800-418-2551 or send an email to [email protected]