5-Cap Ratings

Updated as of August 17, 2020 based on data as of June 30, 2020

To view the ratings breakdown by category, click on the plan name.

We assign a rating to each state-sponsored program ranging from one cap (least attractive) to five caps (most attractive). The 5-Cap Rating represents our opinion of the overall usefulness of a state's 529 plan based on many considerations.

The 5-Cap Rating is not strictly a measure of historical returns and it is not a predictor of future investment performance, level of investment risk, or financial solvency of the program funds. For more information on the criteria used in assigning a 5-Cap Rating, click here

Terms of Use


Alabama

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4A/5(Resident Rating)
4A/5(Non-Resident Rating)

Alaska

4.5/5(Resident Rating)
4/5(Non-Resident Rating)
4/5(Resident Rating)
4/5(Non-Resident Rating)
4A/5(Resident Rating)
4A/5(Non-Resident Rating)

Arizona

FDIC/5(Resident Rating)
FDIC/5(Non-Resident Rating)
4A/5(Resident Rating)
4A/5(Non-Resident Rating)
4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)

Arkansas

4.5/5(Resident Rating)
4/5(Non-Resident Rating)
4.0A/5(Resident Rating)
3.5A/5(Non-Resident Rating)

California

4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)

Colorado

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4.5/5(Resident Rating)
4/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4A/5(Non-Resident Rating)
FDIC/5(Resident Rating)
FDIC/5(Non-Resident Rating)

Connecticut

4.5/5(Resident Rating)
4/5(Non-Resident Rating)
4A/5(Resident Rating)
NO/5(Non-Resident Rating)

Delaware

4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)

District of Columbia

4.5/5(Resident Rating)
4.0/5(Non-Resident Rating)

Florida

4/5(Resident Rating)
4/5(Non-Resident Rating)
4/5(Resident Rating)
NO/5(Non-Resident Rating)

Georgia

NP/5(Resident Rating)
NP/5(Non-Resident Rating)

Hawaii

3/5(Resident Rating)
3/5(Non-Resident Rating)

Idaho

4/5(Resident Rating)
4/5(Non-Resident Rating)

Illinois

3/5(Resident Rating)
NO/5(Non-Resident Rating)
5/5(Resident Rating)
4.5/5(Non-Resident Rating)

Indiana

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
FDIC/5(Resident Rating)
FDIC/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4A/5(Non-Resident Rating)

Iowa

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4A/5(Resident Rating)
3.5A/5(Non-Resident Rating)

Kansas

4.5A/5(Resident Rating)
4.0A/5(Non-Resident Rating)
4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)

Kentucky

4/5(Resident Rating)
3.5/5(Non-Resident Rating)

Louisiana

5/5(Resident Rating)
NO/5(Non-Resident Rating)

Maine

4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4.5A/5(Non-Resident Rating)

Massachusetts

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4/5(Resident Rating)
4/5(Non-Resident Rating)

Michigan

3.5/5(Resident Rating)
NO/5(Non-Resident Rating)
5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4A/5(Non-Resident Rating)

Minnesota

4/5(Resident Rating)
4/5(Non-Resident Rating)

Mississippi

3/5(Resident Rating)
2.5/5(Non-Resident Rating)

Missouri

Montana

2.5/5(Resident Rating)
2.5/5(Non-Resident Rating)

Nebraska

NP/5(Resident Rating)
NP/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4.0A/5(Non-Resident Rating)

Nevada

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4/5(Resident Rating)
NO/5(Non-Resident Rating)
3.5/5(Resident Rating)
3.5/5(Non-Resident Rating)
4.0A/5(Resident Rating)
4.0A/5(Non-Resident Rating)
NP/5(Resident Rating)
NP/5(Non-Resident Rating)

New Hampshire

4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)
3.5A/5(Resident Rating)
4A/5(Non-Resident Rating)

New Jersey

4.5/5(Resident Rating)
NO/5(Non-Resident Rating)
4A/5(Resident Rating)
3.5A/5(Non-Resident Rating)

New Mexico

NP/5(Resident Rating)
NP/5(Non-Resident Rating)
NP/5(Resident Rating)
NP/5(Non-Resident Rating)

New York

4.0A/5(Resident Rating)
3.5A/5(Non-Resident Rating)

North Carolina

4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)

North Dakota

4/5(Resident Rating)
3.5/5(Non-Resident Rating)
4.5A/5(Resident Rating)
3.5A/5(Non-Resident Rating)

Ohio

5/5(Resident Rating)
5/5(Non-Resident Rating)
5A/5(Resident Rating)
4.5A/5(Non-Resident Rating)

Oklahoma

4.5/5(Resident Rating)
4/5(Non-Resident Rating)
3.5A/5(Resident Rating)
3A/5(Non-Resident Rating)

Oregon

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4A/5(Non-Resident Rating)

Other

4/5(Resident Rating)
4/5(Non-Resident Rating)

Pennsylvania

4/5(Resident Rating)
NO/5(Non-Resident Rating)
4.5/5(Resident Rating)
4.5/5(Non-Resident Rating)

Rhode Island

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4.0A/5(Non-Resident Rating)

South Carolina

5A/5(Resident Rating)
4.5A/5(Non-Resident Rating)

South Dakota

3.5/5(Resident Rating)
NO/5(Non-Resident Rating)
3A/5(Resident Rating)
3A/5(Non-Resident Rating)

Tennessee

NP/5(Resident Rating)
NP/5(Non-Resident Rating)

Texas

3.5/5(Resident Rating)
3.5/5(Non-Resident Rating)
3.5/5(Resident Rating)
NO/5(Non-Resident Rating)
3A/5(Resident Rating)
3A/5(Non-Resident Rating)

Utah

5/5(Resident Rating)
4.5/5(Non-Resident Rating)

Vermont

4/5(Resident Rating)
4/5(Non-Resident Rating)

Virginia

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
5A/5(Resident Rating)
4.5A/5(Non-Resident Rating)

Washington

4/5(Resident Rating)
NO/5(Non-Resident Rating)
5/5(Resident Rating)
4.5/5(Non-Resident Rating)

West Virginia

NO/5(Resident Rating)
NO/5(Non-Resident Rating)
5/5(Resident Rating)
NO/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4A/5(Non-Resident Rating)
4/5(Resident Rating)
3/5(Non-Resident Rating)

Wisconsin

5/5(Resident Rating)
4.5/5(Non-Resident Rating)
4.5A/5(Resident Rating)
4A/5(Non-Resident Rating)