Q1 2020 529 plan rankings: One-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 March 31, 2020 for Direct-sold 529 plans.

One-year performance ranking (click here for three-year performance table, five-year performance table, and ten-year performance table):

RankStatePlanPerformance Score
1District of ColumbiaDC College Savings Plan23.28
2IndianaCollegeChoice 529 Direct Savings Plan24.52
3LouisianaSTART Saving Program25.12
4WashingtonDreamAhead College Investment Plan26.04
5IowaCollege Savings Iowa26.08
6New YorkNew York's 529 College Savings Program -- Direct Plan26.59
7North CarolinaNC 529 Plan27.47
8PennsylvaniaPennsylvania 529 Investment Plan27.50
9NevadaThe Vanguard 529 College Savings Plan27.72
10ColoradoDirect Portfolio College Savings Plan27.84
11West VirginiaSMART529 WV Direct College Savings Plan28.74
12DelawareDelaware College Investment Plan30.09
13ArizonaFidelity Arizona College Savings Plan30.10
14New HampshireUNIQUE College Investing Plan30.25
15MassachusettsU.Fund College Investing Plan30.27
16OhioOhio's 529 Plan, CollegeAdvantage30.56
17MissouriMOST - Missouri's 529 Education Plan (Direct-sold)30.78
18OregonOregon College Savings Plan31.86
19KansasLearning Quest 529 Education Savings Program (Direct-sold)32.28
20Utahmy52932.59
21MichiganMichigan Education Savings Program (MESP)34.73
22AlabamaCollegeCounts 529 Fund35.59
23Rhode IslandCollegeBound Saver (Direct-sold)35.77
24MinnesotaMinnesota College Savings Plan36.29
25IdahoIdaho College Savings Program (IDeal)37.41
26HawaiiHawaii's College Savings Program38.71
27North DakotaCollege SAVE (Direct)38.97
28ArkansasGIFT College Investing Plan39.86
29South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)39.92
30NebraskaNebraska Education Savings Trust -- Direct College Savings Plan40.70
31GeorgiaPath2College 529 Plan41.04
32TexasTexas College Savings Plan41.36
33FloridaFlorida 529 Savings Plan42.62
34VermontVermont Higher Education Investment Plan43.70
35KansasSchwab 529 College Savings Plan44.00
36MaineNextGen 529 -- Client Direct Series44.20
37CaliforniaScholarShare 52945.61
38IllinoisBright Start Direct-Sold College Savings Program46.33
39WisconsinEdvest47.47
40MississippiMississippi Affordable College Savings (MACS) Program47.55
41New JerseyNJBEST 529 College Savings Plan47.61
42VirginiaInvest52949.39
43NevadaSSGA Upromise 529 Plan51.35
44OklahomaOklahoma College Savings Plan51.81
45KentuckyKY Saves 52952.80
46ConnecticutConnecticut Higher Education Trust (CHET)61.27
47MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan64.05
48AlaskaAlaska 52968.15
48AlaskaT. Rowe Price College Savings Plan68.15
50MontanaAchieve Montana68.31
51South DakotaCollegeAccess 529 (Direct-sold)74.06
52West VirginiaSMART529 Select76.48
53NevadaUSAA 529 College Savings Plan88.05
-NebraskaTD Ameritrade 529 College Savings PlanN/A
-New MexicoThe Education Plan's College Savings ProgramN/A
-TennesseeTNStars College Savings 529 ProgramN/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.