Financial Statement Audit of The Delaware College Investment Plan for Calendar Year ended December 31, 2019

What Was Performed? A financial statement audit of the Delaware College Investment Plan Annual Report for Calendar Year ended December 31, 2019 was performed.Why This Audit? Under 29 Del. C. § 2906, the Auditor of Accounts is releasing a financial statement audit of the Delaware College Investment Plan, or Delaware’s 529 Plan, Annual Report for Calendar Year ended December 31, 2019.Delaware’s 529 Plan, founded in 1998 through legislation, is sponsored by the State of Delaware and managed by Fidelity Investments. The Plan provides tax-advantaged accounts designed to help parents, grandparents, and others pay for education expenses, reducing the possibility of debt.