State Treasurer of Iowa

Name

State Treasurer of Iowa

Legal name

State Treasurer of Iowa

Website

https://iowatreasurer.gov

Company type

Private

Founded year

1846

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

State Government Financial Administration

NAICS

Public Administration (92), Pension Funds (525110), Health and Welfare Funds (525120)

SIC

Finance Services (6199)

akta.pro primary industry

Treasury & Cash Management (BPAIAEAB)

akta.pro secondary industries

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK), Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)

Keywords

• State government financial services
• 529 education savings plans
• Unclaimed property administration
• Public fund management
• ABLE disability savings

Headquarters

HQ city

Des Moines

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Pricing tiers

Distribution channels6 records

Marketing channels11 records

Core offering

The State Treasurer of Iowa operates as the state's chief financial officer, administering consumer savings programs (ISave 529 education savings plan and IAble disability savings plan), reuniting Iowans with unclaimed property through the Great Iowa Treasure Hunt, and providing small business capital via the LIFT program. The office also manages state investment portfolios including pension funds, protects public deposits in Iowa banks, distributes the Road Use Tax Fund to counties and cities, and offers financial education resources across the state.

Product overview

The State Treasurer of Iowa offers a portfolio of financial services and programs for citizens, businesses, and government entities. The core offerings include ISave 529 and IAdvisor 529 education savings plans for tax-advantaged education investing, IAble disability savings accounts that protect federal benefits, and Great Iowa Treasure Hunt for returning unclaimed property. Additional services include the LIFT small business loan program, pension investment administration for judicial and peace officers' retirement systems, state fund investment management, public deposit protection, road use tax distribution, and financial education resources. The READYSAVE 529 mobile app provides account management for ISave 529 users.

Differentiator

Problem solved

Functional benefit

Brands

• READYSAVE 529: Mobile application for managing ISave 529 accounts
• IowaLift.gov
• GreatIowaTreasureHunt.gov

Products and services

• ISave 529 Iowa's direct-sold 529 education savings plan allowing parents, grandparents, friends, and relatives to invest for qualified education expenses at eligible colleges, universities, trade schools, and apprenticeship programs on behalf of a future scholar, with a 0.16% annual fee.
• IAdvisor 529 Plan Iowa's advisor-sold 529 plan introduced in 2006, sold through financial planners with different investment choices and distribution methods compared to ISave 529.
• IAble Iowa's Achieving a Better Life Experience (ABLE) plan helping eligible individuals with disabilities and their support systems save for qualified disability expenses while maintaining eligibility for federal benefits such as SSI and Medicaid, with no monthly maintenance fees and $1 minimum contributions.
• Great Iowa Treasure Hunt Iowa's unclaimed property program that safekeeps lost or forgotten assets such as checking and savings accounts, uncashed checks, stocks, bonds, and safe deposit box contents, reuniting approximately one in seven Iowans with their property.
• LIFT (Linked Investments for Tomorrow) Program providing capital to small businesses owned and operated by Iowa residents, with preferential allocation for businesses 51% or more owned by women, minorities, persons with disabilities, or veterans, offering maximum loans of $200,000 for up to five years.
• Unclaimed Property Auction Public auction of safe deposit box contents and unclaimed property that cannot be returned to rightful owners, hosted by Lone Star Auctioneers.
• Judicial Retirement System Pension system for Supreme Court Justices, Court of Appeals Judges, District Court Judges, and other judicial officers, with the State Treasurer serving as trustee and investment administrator.
• Peace Officers' Retirement, Accident and Disability System (PORS) Pension system for peace officers within the Iowa Department of Public Safety, governed by a five-member board of trustees with the Treasurer of State as a member.
• Robert D. Blue Scholarship Scholarship established by the Iowa Centennial Memorial Foundation for Iowa students attending in-state colleges and universities, awarded based on financial need, essay, academic performance, and recommendations.
• Financial Education and Empowerment Program providing financial literacy resources for Iowans of all ages, including games, activities, and educational materials organized by age group (3-12, teens, adults).
• State Investments (Pooled Money Fund) Investment management of State funds with objectives of safety, liquidity, and yield, combining all State funds for banking and investment purposes with an average daily book value of $10.7 billion in FY2025.
• Protection of Public Deposits Program protecting public deposits in Iowa banks through federal deposit insurance and collateral pledged by banks, administered under Iowa Code Chapter 12C, with 14 approved custodians including Bankers Trust, Commerce Bank, Wells Fargo, and Northern Trust.
• Public Fund Rates Minimum interest rates for time deposits as determined by an Iowa committee, required to be paid on public funds deposited in approved financial institutions.
• Road Use Tax Fund Distribution Distribution of money from the State's Road Use Tax Fund to Iowa cities and counties for street construction and secondary road payments via monthly ACH deposits.
• Outstanding Obligations Report Interactive reporting system tracking annual debt reporting from political subdivisions statewide, including bonds, notes, certificates of participation, leases, and anticipatory warrants.
• Invest in Iowa Program offering deposits of State dollars to financial institutions through an online auction process to channel low-cost funds into Iowa communities, with quarterly auctions for six-month CDs and additional one-year term CDs.

Quantifiable outcome

• Returned over $38.2 million in unclaimed property during FY2026, a record-breaking year
• +4 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

20 partnerships are on record, tiered core and minor.

• Lone Star AuctioneerscoreOthersSpecialized auctioneer for selling unclaimed safe deposit box contents from state unclaimed property programs. Hosts public auctions for contents no longer feasible to hold in vault.
• Bankers Bank (Madison, Wisconsin)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Bankers Trust Company (Des Moines, Iowa)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Commerce Bank (Kansas City, Missouri)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Country Club Bank (Prairie Village, Kansas)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Federal Home Loan Bank (Des Moines, Iowa)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• First Horizons Bank (Memphis, Tennessee)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• First National Bank (Omaha, Nebraska)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Midwest Independent Bank (Jefferson City, Missouri)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Northern Trust Bank (Chicago, Illinois)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Quad City Bank & Trust (Bettendorf, Iowa)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Security National Bank (Sioux City, Iowa)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• UMB Bank (Kansas City, Missouri)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• United Bankers' Bank (Bloomington, Minnesota)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• Wells Fargo Bank (Minneapolis, Minnesota)coreOthersApproved custodian for pledging securities for public fund deposits under Master Custodial Agreement with State Treasurer.
• College Savings Plans NetworkcoreStrategic or Co-development PartnerNational organization of 12 leaders promoting education access and affordability. Treasurer Smith serves as voting member on Executive Board.
• ABLE Savings Plans NetworkcoreStrategic or Co-development PartnerNational network promoting ABLE savings plans for individuals with disabilities. State Treasurer participates in network activities.
• National Association of State Treasurers (NAST)coreStrategic or Co-development PartnerNational association supporting state treasurers on financial issues affecting states. Iowa State Treasurer participates in national initiatives.
• National Association of Unclaimed Property Administrators (NAUPA)coreStrategic or Co-development PartnerNational organization supporting unclaimed property administrators. Provides national database for searching unclaimed property across states.
• Iowa Jump$tart CoalitionminorStrategic or Co-development PartnerCoalition supporting financial literacy in Iowa schools. Treasurer Smith partners for State Economics Challenge Finals and State Personal Finance Challenge events.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• TIAA: TIAA administers multiple state 529 plans including New York's and provides ABLE plan administration services. Functions as a broad incumbent in the state-sponsored education savings space similar to where Iowa State Treasurer operates.
• Ascensus: Ascensus is the largest independent 529 plan administrator, running programs for multiple states and providing the READYSAVE 529 mobile platform used by Iowa State Treasurer. Directly comparable back-office 529 administration partner across multiple state programs.
• Northern Trust: Northern Trust is one of Iowa State Treasurer's approved custodians for public deposit pledging. Also a major asset manager and custodian for institutional, pension, and government clients, with comparable role in custody and public sector investment services.

Direct peers

• Illinois State Treasurer: Illinois State Treasurer's office administers Bright Start 529, ABLE Illinois, unclaimed property (Cash Dash), and Ag Invest (agricultural lending akin to Iowa's LIFT). Closely aligned program portfolio to Iowa State Treasurer with similar size and structure.
• California State Treasurer's Office: California's State Treasurer performs the same constitutional role of managing state investments, administering 529 (ScholarShare) and ABLE (CalABLE) programs, and overseeing unclaimed property. Most directly comparable peer given parallel program portfolio, scale, and elected treasurer governance model.
• Utah Educational Savings Plan (my529): Utah my529 is among the largest and most successful state-sponsored 529 plans nationally, with strong reputation and out-of-state appeal. Direct competitor for Iowa family 529 contributions since families can contribute to any state's plan regardless of residence.
• New York's 529 College Savings Program: New York's 529 program, administered in partnership with TIAA-CREF, is among the largest 529 plans nationally. Comparable direct-sold/advisor-sold 529 structure and competing for out-of-state family contributions.
• Florida Chief Financial Officer: Florida's CFO serves as the state treasurer equivalent, managing unclaimed property (FL Treasure Hunt), 529 savings plans (Florida 529 Savings Plan), and ABLE accounts (ABLE United). Closely mirrors Iowa State Treasurer's program portfolio and elected state financial officer role.
• New York State Comptroller: New York's Comptroller serves as the state's chief fiscal officer and sole trustee of the state pension fund. Comparable in managing very large state investment portfolios and administering pension assets, though operates under comptroller rather than treasurer title.
• Texas Comptroller of Public Accounts: Texas Comptroller manages state revenue, unclaimed property (claimingit.texas.gov), and 529 plan oversight (Texas Tuition Promise Fund, Texas College Savings Plan). Directly comparable state financial officer role with similar program portfolio including unclaimed property administration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IowaTreasurer
• YouTubeyoutube.com/user/statetreasurerofiowa
• Facebookfacebook.com/IowaTreasurer
• LinkedInlinkedin.com/company/state-treasurer-of-iowa
• Instagraminstagram.com/iowatreasurer

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about State Treasurer of Iowa