Q3 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 September 30, 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, CollegeAdvantage26.09
2West VirginiaSMART529 WV Direct College Savings Plan29.75
3DelawareDelaware College Investment Plan30.58
4IndianaCollegeChoice 529 Direct Savings Plan30.60
5ArizonaFidelity Arizona College Savings Plan30.62
6New HampshireUNIQUE College Investing Plan30.65
7MassachusettsU.Fund College Investing Plan30.68
8New YorkNew York's 529 College Savings Program -- Direct Plan31.92
9NevadaThe Vanguard 529 College Savings Plan32.45
10MichiganMichigan Education Savings Program (MESP)35.74
11AlaskaT. Rowe Price College Savings Plan37.19
11AlaskaAlaska 52937.19
13North CarolinaNC 529 Plan37.29
14LouisianaSTART Saving Program37.88
15WisconsinEdvest37.88
16KansasLearning Quest 529 Education Savings Program (Direct-sold)38.86
17ColoradoDirect Portfolio College Savings Plan39.44
18VirginiaInvest52940.74
19IowaCollege Savings Iowa41.32
20CaliforniaScholarShare 52941.57
21NebraskaNebraska Education Savings Trust -- Direct College Savings Plan41.73
22MissouriMOST - Missouri's 529 Education Plan (Direct-sold)42.28
23South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)43.23
24FloridaFlorida 529 Savings Plan47.34
24MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan49.80
26MinnesotaMinnesota College Savings Plan50.83
27OklahomaOklahoma College Savings Plan53.05
28MaineNextGen 529 -- Client Direct Series55.06
29AlabamaCollegeCounts 529 Fund56.44
29Utahmy52957.39
31TexasTexas College Savings Plan57.61
32ConnecticutConnecticut Higher Education Trust (CHET)57.92
33HawaiiHawaii's College Savings Program59.74
34IdahoIdaho College Savings Program (IDeal)60.65
35ArkansasGIFT College Investing Plan62.40
36New JerseyNJBEST 529 College Savings Plan62.48
37NevadaSSGA Upromise 529 Plan65.06
38KansasSchwab 529 College Savings Plan66.22
39VermontVermont Higher Education Investment Plan70.01
40South DakotaCollegeAccess 529 (Direct-sold)70.61
41NevadaUSAA 529 College Savings Plan72.71
42West VirginiaSMART529 Select88.54
-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
-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
-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.