Q2 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 June 30, 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
1IndianaCollegeChoice 529 Direct Savings Plan23.39
2LouisianaSTART Saving Program25.66
3IowaCollege Savings Iowa27.32
4West VirginiaSMART529 WV Direct College Savings Plan28.00
5New YorkNew York's 529 College Savings Program -- Direct Plan28.42
6North CarolinaNC 529 Plan28.62
7NevadaThe Vanguard 529 College Savings Plan28.71
8PennsylvaniaPennsylvania 529 Investment Plan29.67
9ColoradoDirect Portfolio College Savings Plan30.16
10OregonOregon College Savings Plan30.45
11WashingtonDreamAhead College Investment Plan30.99
12AlabamaCollegeCounts 529 Fund32.08
13ArizonaFidelity Arizona College Savings Plan32.85
14DelawareDelaware College Investment Plan32.87
15New HampshireUNIQUE College Investing Plan32.98
16MichiganMichigan Education Savings Program (MESP)32.98
17MassachusettsU.Fund College Investing Plan33.22
18MissouriMOST - Missouri's 529 Education Plan (Direct-sold)33.55
19KansasLearning Quest 529 Education Savings Program (Direct-sold)35.20
20OhioOhio's 529 Plan, CollegeAdvantage36.67
21Rhode IslandCollegeBound Saver (Direct-sold)38.79
22IllinoisBright Start Direct-Sold College Savings Program40.03
24FloridaFlorida 529 Savings Plan40.59
25South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)40.76
26North DakotaCollege SAVE (Direct)41.49
27TexasTexas College Savings Plan41.52
28District of ColumbiaDC College Savings Plan41.70
29KansasSchwab 529 College Savings Plan41.95
30IdahoIdaho College Savings Program (IDeal)42.24
31NebraskaNebraska Education Savings Trust -- Direct College Savings Plan43.43
32MaineNextGen 529 -- Client Direct Series43.81
33MinnesotaMinnesota College Savings Plan44.00
34HawaiiHawaii's College Savings Program44.86
35ArkansasGIFT College Investing Plan44.88
36CaliforniaScholarShare 52945.08
37New JerseyNJBEST 529 College Savings Plan46.96
40VermontVermont Higher Education Investment Plan50.69
41OklahomaOklahoma College Savings Plan55.56
42MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan58.68
43AlaskaAlaska 52960.95
43AlaskaT. Rowe Price College Savings Plan60.95
45NevadaSSGA Upromise 529 Plan63.16
46KentuckyKY Saves 52963.47
47MississippiMississippi Affordable College Savings (MACS) Program64.50
48ConnecticutConnecticut Higher Education Trust (CHET)68.88
48MontanaAchieve Montana69.46
50South DakotaCollegeAccess 529 (Direct-sold)76.05
51West VirginiaSMART529 Select79.05
52NevadaUSAA 529 College Savings Plan89.33
-GeorgiaPath2College 529 PlanN/A
-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.