Q3 2019 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 September 30, 2019 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, CollegeAdvantage21.85
2New YorkNew York's 529 College Savings Program -- Direct Plan27.37
3South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)27.46
4CaliforniaScholarShare 52929.86
5DelawareDelaware College Investment Plan30.39
6ArizonaFidelity Arizona College Savings Plan30.51
7MassachusettsU.Fund College Investing Plan30.56
8New HampshireUNIQUE College Investing Plan30.67
9WisconsinEdvest31.13
10North CarolinaNC 529 Plan31.28
11KansasLearning Quest 529 Education Savings Program (Direct-sold)32.60
12MichiganMichigan Education Savings Program (MESP)33.73
13NebraskaNebraska Education Savings Trust -- Direct College Savings Plan33.90
14IndianaCollegeChoice 529 Direct Savings Plan34.02
15IowaCollege Savings Iowa34.11
16VirginiaInvest52934.63
17NevadaThe Vanguard 529 College Savings Plan34.68
18West VirginiaSMART529 WV Direct College Savings Plan34.83
19LouisianaSTART Saving Program35.12
20NebraskaTD Ameritrade 529 College Savings Plan36.92
21MissouriMOST - Missouri's 529 Education Plan (Direct-sold)37.12
22AlaskaAlaska 52937.43
22AlaskaT. Rowe Price College Savings Plan37.43
24GeorgiaPath2College 529 Plan39.61
25FloridaFlorida 529 Savings Plan42.18
26MaineNextGen 529 -- Client Direct Series42.78
27ColoradoDirect Portfolio College Savings Plan42.78
28MinnesotaMinnesota College Savings Plan42.85
29OklahomaOklahoma College Savings Plan45.04
30MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan51.52
31HawaiiHawaii's College Savings Program51.66
32Utahmy52952.77
33NevadaSSGA Upromise 529 Plan55.82
34IdahoIdaho College Savings Program (IDeal)56.89
35AlabamaCollegeCounts 529 Fund57.16
36ConnecticutConnecticut Higher Education Trust (CHET)58.42
37ArkansasGIFT College Investing Plan59.29
38New MexicoThe Education Plan's College Savings Program66.38
39KansasSchwab 529 College Savings Plan66.62
40NevadaUSAA 529 College Savings Plan67.84
41TexasTexas College Savings Plan68.08
42New JerseyNJBEST 529 College Savings Plan71.77
43South DakotaCollegeAccess 529 (Direct-sold)81.97
44West VirginiaSMART529 Select85.07
-District of ColumbiaDC College Savings PlanN/A
-IllinoisBright Start Direct-Sold College Savings ProgramN/A
-KentuckyKY Saves 529N/A
-MississippiMississippi Affordable College Savings (MACS) ProgramN/A
-MontanaAchieve MontanaN/A
-North DakotaCollege SAVE (Direct)N/A
-OregonOregon College Savings PlanN/A
-PennsylvaniaPennsylvania 529 Investment PlanN/A
-Rhode IslandCollegeBound Saver (Direct-sold)N/A
-TennesseeTNStars College Savings 529 ProgramN/A
-VermontVermont Higher Education Investment 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.