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529 News
FRC reports 2011 growth in 529 plan assets
(February 27, 2012) - Total 529 savings plan assets were an estimated $144.4 billion at the end of 2011, according to a report by Financial Research Corporation (FRC). The total reflects a 7.3% increase from September 30, 2011 assets of $134.6 billion and 4.4% increase from December 31, 2010 assets of $138.3 billion.
Estimated 529 net inflows were $2.4 billion in the fourth quarter of 2011 compared to outflows of $0.4 billion in the third quarter of 2011 and
inflows of $3.0 billion in the fourth quarter of 2010.
Of the ten largest 529 savings plans, only the Vanguard (Nevada), New York-Direct, and Utah plans experienced double-digit growth during the year.
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