529 News

529 plan assets up 10% in first quarter 2015

(May 28, 2015) - In its 1Q15 Savings Plan Data Quarterly Highlights, Strategic Insight reports that total 529 savings plan assets reached $231.9 billion in 1Q15. This is a 10.1% increase over Q1 of 2014, and a 3.4% gain over 4Q14.

Net inflows in the 1st quarter of 2015 were $3.3 billion, compared to $3.2 billion in Q1 of 2014, demonstrating that investors are successfully withdrawing 529 plan funds for qualified higher education expenses.

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