Q2 2022 529 plan rankings: Five-year performance

Savingforcollege.comBy: Savingforcollege.com | 

Savingforcollege.com ranks the performance of direct-sold 529 plans. Direct-sold plans are those that consumers can enroll in without using a broker. We have prepared one-year, three-year, five-year and ten-year performance tables.

To prepare this ranking, we compared a subset of portfolios from each 529 savings plan. We selected portfolios based on their mix of stocks, bonds and money market funds, which allows for an apples-to-apples comparison in seven asset-allocation categories. The "performance score" determines the ranking.

This ranking could be a useful tool for you when selecting which direct 529 plan might be right for you.

Here are our 529 performance rankings as of June 30, 2022 for Direct-sold 529 plans.

Five-year performance ranking (click here for one-year performance table, three-year performance table, and ten-year performance table):

RankStatePlanPerformance Score
1NevadaThe Vanguard 529 College Savings Plan1.56
2AlaskaAlaska 52918.79
2AlaskaT. Rowe Price College Savings Plan18.79
4West VirginiaSMART529 WV Direct College Savings Plan35.11
5MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan38.69
6District of ColumbiaDC College Savings Plan38.98
6NebraskaNebraska Education Savings Trust -- Direct College Savings Plan39.77
8South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)42.31
9New YorkNew York's 529 College Savings Program -- Direct Plan42.93
10WisconsinEdvest44.18
11MichiganMichigan Education Savings Program (MESP)44.84
12New HampshireUNIQUE College Investing Plan45.27
13ArizonaAZ529, Arizona’s Education Savings Plan45.28
14MassachusettsU.Fund College Investing Plan45.31
15DelawareDE529 Education Savings Plan45.84
16VirginiaInvest52946.92
17KansasLearning Quest 529 Education Savings Program (Direct-sold)47.13
18OhioOhio's 529 Plan, CollegeAdvantage47.61
19IdahoIdaho College Savings Program (IDeal)47.73
20Utahmy52948.25
21MaineNextGen 529 -- Client Direct Series48.82
22AlabamaCollegeCounts 529 Fund49.97
23MinnesotaMinnesota College Savings Plan50.03
24LouisianaSTART Saving Program50.90
25North CarolinaNC 529 Plan52.21
26OklahomaOklahoma 52952.72
27Rhode IslandCollegeBound Saver (Direct-sold)52.89
28IowaCollege Savings Iowa53.37
29MissouriMOST - Missouri's 529 Education Plan (Direct-sold)54.59
30ColoradoDirect Portfolio College Savings Plan54.62
31PennsylvaniaPennsylvania 529 Investment Plan55.25
32North DakotaCollege SAVE (Direct)56.02
33VermontVermont Higher Education Investment Plan56.52
34ArkansasArkansas Brighter Future Direct Plan59.27
35New JerseyNJBEST 529 College Savings Plan60.28
36MississippiMississippi Affordable College Savings (MACS) Program63.45
37West VirginiaSMART529 Select65.46
38HawaiiHawaii's College Savings Program65.90
39NevadaUSAA 529 Education Savings Plan69.10
-ArizonaAZ529, Arizona’s Education Savings Plan - Bank PlanN/A
-CaliforniaScholarShare 529N/A
-ConnecticutConnecticut Higher Education Trust (CHET)N/A
-FloridaFlorida 529 Savings PlanN/A
-GeorgiaPath2College 529 PlanN/A
-IllinoisBright Start Direct-Sold College Savings ProgramN/A
-IndianaCollegeChoice 529 Direct Savings PlanN/A
-KentuckyKY Saves 529N/A
-MontanaAchieve MontanaN/A
-NebraskaBloomwell 529 Education Savings PlanN/A
-New MexicoThe Education Plan's College Savings ProgramN/A
-OregonOregon College Savings PlanN/A
-South DakotaCollegeAccess 529 (Direct-sold)N/A
-TennesseeTNStars College Savings 529 ProgramN/A
-TexasTexas College Savings PlanN/A
-WashingtonDreamAhead College Investment PlanN/A

NA = Not Applicable = Program does not have at least one portfolio with sufficiently-long performance in a minimum of four asset allocation categories under our ranking model.

The Savingforcollege.com plan composite rankings are derived using the plans' relevant portfolio performance in seven unique asset allocation categories. The asset-allocation categories used are: 100 percent equity, 80 percent equity, 60 percent equity, 40 percent equity, 20 percent equity, 100 percent fixed and 100 percent short term. The plan composite ranking is determined by the average of its percentile ranking in the seven categories.

The performance data underlying these rankings represent past performance and are not a guarantee of future performance. Current performance may be lower or higher than the performance data used. A plan portfolio's investment return and principal value will fluctuate so that an investor's shares or units when redeemed may be worth more or less than their original cost. Investors should carefully consider plan investment goals, risks, charges and expenses by obtaining and reading the plan's official program description before investing. Investors should also consider whether their beneficiary's home state offers any tax or other benefits that are available for investments only in such state's 529 plan.

For a more in-depth explanation of our methodology, please read our white paper.

Brokers, please note: For internal use only and not for use with or to be shown to the investing public.

Disclaimer: Saving For College, LLC shall not be liable for any errors or omissions in this report. Users should rely on official program disclosures.

For broker-sold plan rankings, click here.