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Recent Industry News

1Q 2017 529 Plan assets reach $266 billion

(May 8, 2017) - According to 1Q17 data from Strategic Insight, assets in 529 college savings plans increased by 1.5% over 4Q 2016 to $265.6B in AUM. Assets were up over 12.8% over the prior year.

Net inflows in the first quarter of 2017 were $3.2 billion compared to $3.2 billion in Q1 of 2016, which aligns with steady demand for 529s.

4Q 2016 529 plan assets up, continue to reach year-over-year highs

(February 17, 2017) - According to 4Q16 data from Strategic Insight, assets in 529 college savings plans increased by 1.5% over 3Q 2016 to $251.9B in AUM. Assets were up over 9.3% over the prior year.

Net inflows to savings plans in the 4th quarter of 2016 were relatively flat at $2.7 billion, compared to $2.6 billion in 4Q of 2015.

Gradvisor brings 529 savings to small employers in partnership with Gusto

(February 7, 2017) - Gusto recently announced that it has partnered with Gradvisor to offer its 529 college savings plan solution to users of its employer benefits platform. Gusto provides a complete HR benefits platform that covers HR functions, payroll, and benefits for over 40,000 companies nationwide. Gradvisor is a financial wellness benefits platform designed to make it easy for employees to enroll in and monitor 529 college savings plans. The partnership is the largest of its kind for a 529 services provider in the employer benefits space.

Please note that Gradvisor is an affiliate of Savingforcollege.com.

For more information, click here.

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