Your money is held at the 529 plan you choose to sign up with.
Backer researched and evaluated various 529 plans before identifying one 529 plan and age-adjusting investment option to advise on. We carefully evaluated plan options to ensure that they offer top-tier performance, low fees, stable administration. You will have an opportunity to review and approve the specific recommendation during signup, including a recommendation for a passive, age-based investment portfolio option, which begins with a more aggressive risk level (more equities) and moderates over time (to more fixed-income securities) as the beneficiary ages.