Fidelity 529 (UNIQUE College Investing Plan) review

Fidelity is a manager rather than a single plan: it runs 529 plans for Arizona, Connecticut, Delaware, Massachusetts and New Hampshire, and points savers in other states to the New Hampshire UNIQUE College Investing Plan, which is open nationally to US residents. Its overview page states there is no minimum and no account fees to open a Fidelity-managed 529 account, and earnings grow federal income tax deferred with tax-free withdrawals for qualified education costs. Residents of a Fidelity-managed state can pick that state's plan for any local tax break; Fidelity notes the MEFA U.Fund gives Massachusetts married couples a deduction of up to $2,000. A comparison tool lines up your home state's plan against UNIQUE. The main advantage is convenience: the 529 sits next to your Fidelity brokerage or IRA under one login. The weak point for a cost comparison is that the overview page does not publish portfolio expense ratios, so you have to open the plan documents to compare them with MESP or Invest529.

Who it is for

Fidelity customers in any state

Price

No minimum and no account fees to open; portfolio expenses vary by plan.

There's no minimum and no account fees to open a Fidelity-managed 529 account.
Quoted from the vendor pricing page on November 14, 2026.

Key features

• No minimum and no account fees to open a Fidelity-managed 529 account
• Manages state plans for Arizona, Connecticut, Delaware, Massachusetts and New Hampshire
• UNIQUE College Investing Plan available nationally to US residents
• MEFA U.Fund for Massachusetts residents, with a state tax deduction of up to $2,000 for married couples
• Plan comparison tool to check your home state's plan against the UNIQUE Plan

Strengths and weaknesses

• Strength: One Fidelity login for 529, brokerage and retirement accounts
• Strength: Five state plans to choose from, including one open nationwide
• Strength: No opening minimum
• Weakness: The overview page does not list portfolio expense ratios
• Weakness: Massachusetts deduction caps at $2,000 for married couples
• Weakness: Choosing between five plans adds a step for out-of-state savers

Key facts

• Minimum to open: None
• Account fee: None
• Plans managed: AZ529, CHET, DE529, U.Fund, UNIQUE
• National plan: UNIQUE College Investing Plan (New Hampshire)

Where it ranks

Fidelity 529 (UNIQUE College Investing Plan) is No. 5 in our Best 529 Plans verdict.