Q2 2023 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, 2023 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
1West VirginiaSMART529 WV Direct College Savings Plan16.03
2IndianaCollegeChoice 529 Direct Savings Plan16.82
3District of ColumbiaDC College Savings Plan26.61
4AlaskaT. Rowe Price College Savings Plan31.25
4AlaskaAlaska 52931.25
6WisconsinEdvest 52931.59
7KansasLearning Quest 529 Education Savings Program (Direct-sold)31.61
8South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)31.68
9NebraskaNebraska Education Savings Trust -- Direct College Savings Plan32.67
11FloridaFlorida Prepaid33.84
12MichiganMichigan Education Savings Program (MESP)34.28
13MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan35.02
14NevadaThe Vanguard 529 College Savings Plan37.63
15IllinoisBright Start Direct-Sold College Savings Program37.69
16ArizonaAZ529, Arizona's Education Savings Plan40.69
17MassachusettsU.Fund College Investing Plan40.75
18DelawareDE529 Education Savings Plan40.78
19New HampshireUNIQUE College Investing Plan40.79
20OhioOhio's 529 Plan, CollegeAdvantage41.20
21MaineNextGen 529 -- Client Direct Series42.72
22AlabamaCollegeCounts 529 Fund43.07
24MinnesotaMinnesota College Savings Plan44.36
25New YorkNew York's 529 College Savings Program -- Direct Plan44.46
26KansasSchwab 529 College Savings Plan47.21
27South DakotaCollegeAccess 529 (Direct-sold)48.74
28PennsylvaniaPennsylvania 529 Investment Plan54.83
29IowaCollege Savings Iowa55.42
30ColoradoDirect Portfolio College Savings Plan56.35
31VermontVermont Higher Education Investment Plan56.63
32IdahoIdaho College Savings Program (IDeal)57.81
33LouisianaSTART Saving Program58.65
34OklahomaOklahoma 52959.56
35Rhode IslandCollegeBound Saver (Direct-sold)60.42
36MissouriMOST - Missouri's 529 Education Plan (Direct-sold)60.52
37North CarolinaNC 529 Plan64.78
38ArkansasArkansas Brighter Future Direct Plan66.85
39North DakotaCollege SAVE (Direct)67.89
40HawaiiHawaii's College Savings Program69.29
41West VirginiaSMART529 Select74.89
42NevadaUSAA 529 Education Savings Plan76.50
43MississippiMississippi Affordable College Savings (MACS) Program82.72
-ArizonaAZ529, Arizona's Education Savings Plan - Bank PlanN/A
-CaliforniaScholarShare 529N/A
-ConnecticutConnecticut Higher Education Trust (CHET)N/A
-GeorgiaPath2College 529 PlanN/A
-KentuckyKY Saves 529N/A
-MontanaAchieve MontanaN/A
-NebraskaBloomwell 529 Education Savings PlanN/A
-New JerseyNJBEST 529 College Savings PlanN/A
-New MexicoThe Education Plan's College Savings ProgramN/A
-OregonOregon College Savings PlanN/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.