Q4 2020 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 December 31, 2020 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
1OhioOhio's 529 Plan, CollegeAdvantage30.07
2West VirginiaSMART529 WV Direct College Savings Plan30.21
3New YorkNew York's 529 College Savings Program -- Direct Plan33.06
4NevadaThe Vanguard 529 College Savings Plan33.81
5IndianaCollegeChoice 529 Direct Savings Plan35.10
6DelawareDelaware College Investment Plan35.91
7WisconsinEdvest35.96
8New HampshireUNIQUE College Investing Plan36.04
9ArizonaFidelity Arizona College Savings Plan36.04
10MassachusettsU.Fund College Investing Plan36.12
11AlaskaAlaska 52936.58
11AlaskaT. Rowe Price College Savings Plan36.58
13LouisianaSTART Saving Program36.97
14VirginiaInvest52937.39
15MichiganMichigan Education Savings Program (MESP)37.45
16South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)39.85
17North CarolinaNC 529 Plan40.85
18ColoradoDirect Portfolio College Savings Plan40.88
19CaliforniaScholarShare 52941.29
20KansasLearning Quest 529 Education Savings Program (Direct-sold)42.37
21IowaCollege Savings Iowa42.69
22MissouriMOST - Missouri's 529 Education Plan (Direct-sold)43.05
23MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan45.60
24FloridaFlorida 529 Savings Plan46.29
24OklahomaOklahoma College Savings Plan52.77
26TexasTexas College Savings Plan53.23
27MinnesotaMinnesota College Savings Plan53.37
28MaineNextGen 529 -- Client Direct Series54.18
29Utahmy52956.95
29AlabamaCollegeCounts 529 Fund58.60
31HawaiiHawaii's College Savings Program60.99
32IdahoIdaho College Savings Program (IDeal)61.11
33ArkansasGIFT College Investing Plan62.50
34KansasSchwab 529 College Savings Plan62.57
35NevadaUSAA 529 College Savings Plan63.72
36NevadaSSGA Upromise 529 Plan66.63
37New JerseyNJBEST 529 College Savings Plan66.73
38VermontVermont Higher Education Investment Plan69.60
39West VirginiaSMART529 Select85.47
-ConnecticutConnecticut Higher Education Trust (CHET)N/A
-District of ColumbiaDC College Savings PlanN/A
-GeorgiaPath2College 529 PlanN/A
-IllinoisBright Start Direct-Sold College Savings ProgramN/A
-KentuckyKY Saves 529N/A
-MississippiMississippi Affordable College Savings (MACS) ProgramN/A
-MontanaAchieve MontanaN/A
-NebraskaNebraska Education Savings Trust -- Direct College Savings PlanN/A
-NebraskaTD Ameritrade 529 College Savings PlanN/A
-New MexicoThe Education Plan's College Savings ProgramN/A
-North DakotaCollege SAVE (Direct)N/A
-OregonOregon College Savings PlanN/A
-PennsylvaniaPennsylvania 529 Investment PlanN/A
-Rhode IslandCollegeBound Saver (Direct-sold)N/A
-South DakotaCollegeAccess 529 (Direct-sold)N/A
-TennesseeTNStars College Savings 529 ProgramN/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.