529 PLANS

529 News

3Q 2015 529 plan assets down 5.6%

(November 4, 2015) - In its 3Q15 Savings Plan Data Quarterly Highlights, Strategic Insight reports that total 529 savings plan assets reached $221.4 billion in 2Q15. This is a 5.6% decrease over over the second quarter of 2015, and a 2.0% increase over 3Q 2014.

Net outflows in the 1st quarter of 2015 were $0.9 billion, compared to $1.2 billion in Q3 of 2014, demonstrating that investors are successfully withdrawing 529 plan funds for qualified higher education expenses.

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