By the numbers: Section 529 college savings plans

Top-ranked plans, based on assets and performance

Sep 9, 2017 @ 6:00 am

By Ellie Zhu and IN Research

Ranked by assets
StateProgramManagerAssets ($M)
1VACollegeAmericaAmerican Funds$58,773.50
2NYNew York's 529 Program (direct-sold)Ascensus$21,637.70
3NHUNIQUE College Investing PlanFidelity Investments$11,847.40
4UTUtah Educational Savings PlanUtah Educational Savings Plan$10,840.30
5MENextGen College Investing Plan SelectMerrill Lynch Pierce Fenner & Smith$8,841.00
6NVThe Vanguard 529 College Savings PlanAscensus$7,940.80
7CAScholarShare College Savings PlanTIAA Tuition Financing Inc.$7,825.70
8RICollegeBound 529 (adviser-sold)Ascensus College Savings$5,991.80
9MAU.Fund College Investing PlanFidelity Investments$5,662.40
10MDMaryland College Investment PlanT. Rowe Price Associates Inc.$5,244.00
11OHBlackRock CollegeAdvantage 529 PlanBlackRock Advisors$5,081.90
12MIMichigan Education Savings ProgramTIAA Tuition Financing Inc.$5,031.90
13OHCollegeAdvantage 529 Savings PlanOhio Tuition Trust Authority$4,929.50
14AKJohn Hancock Freedom 529T. Rowe Price Associates Inc.$4,818.20
15NHFidelity Advisor 529 PlanFidelity Investments$4,688.10
16NYNew York's 529 Program (adviser-guided)Ascensus$4,671.80
17COScholars Choice College Savings ProgramLegg Mason Global Asset Allocation$4,045.70
18VAInvest529Virginia College Savings Plan$4,008.30
19NJFranklin Templeton 529 Coll Savings PlanFranklin Templeton Distributors Inc.$3,727.60
20NVUSAA College Savings PlanAscensus$3,317.80
21COCollegeInvest Direct PortfolioAscensus$3,202.50
22AKUniversity of Alaska Coll Savings PlanT. Rowe Price Associates Inc.$3,071.20
23MOMOST Missouri's 529 PlanAscensus$2,853.00
24CTConnecticut Higher Education TrustTIAA Tuition Financing Inc.$2,850.10
25WIEdvest 529 PlanTIAA Tuition Financing Inc.$2,842.30
Most-current assets available as of Aug. 21. Source: Morningstar Inc.
Adviser-sold plans
Ranked by assets ($ in millions)
Direct-sold plans
Ranked by assets ($ in millions)
Most-current assets available as of Aug. 21. Source: Morningstar Inc.
Top five plans, based on three-year performance
Direct-sold
h
New York
New York's 529 College Savings Program — Direct Plan
E
California
The ScholarShare College Savings Plan
U
Maine
NextGen College Investing Plan — Client Direct Series
i
Ohio
Ohio CollegeAdvantage Direct 529 Savings Plan
L
Iowa
College Savings Iowa
Adviser-sold*
U
Maine
NextGen College Investing Plan — Client Select Series
g
Nevada
Putnam 529 for America
n
South Carolina
Future Scholar 529 College Savings Plan
c
Nebraska
Nebraska Education Savings Trust — Advisor College Savings Plan
v
Wisconsin
Tomorrow's Scholar 529 Plan
RIA-sold*
n
South Carolina
Future Scholar 529 College Savings Plan (Class Z)
v
Wisconsin
Tomorrow's Scholar 529 Plan (Class W)
s
Virginia
CollegeAmerica (Class 529-F)
c
Nebraska
TD Ameritrade 529 College Savings Plan
h
New York
New York's 529 Advisor-Guided College Savings Plan (adviser class)
As of June 30. Rankings are derived using the plans' relevant portfolio performance in seven unique asset allocation categories. The asset allocation categories used are 100% equity, 80% equity, 60% equity, 40% equity, 20% equity, 100% fixed and 100% short-term. The plan composite ranking is determined by the average of its performance score in the seven categories.
* Adviser-sold rankings use A share class or equivalent. RIA-sold rankings use RIA-sold share classes within adviser-sold plans.
Source: Savingforcollege.com

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