Q3 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 September 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 Plan25.37
2West VirginiaSMART529 WV Direct College Savings Plan26.08
3DelawareDelaware College Investment Plan30.74
4ArizonaFidelity Arizona College Savings Plan30.78
5MassachusettsU.Fund College Investing Plan30.80
6New HampshireUNIQUE College Investing Plan30.82
7ColoradoDirect Portfolio College Savings Plan31.08
8LouisianaSTART Saving Program31.32
9New YorkNew York's 529 College Savings Program -- Direct Plan32.27
10IowaCollege Savings Iowa34.20
11OregonOregon College Savings Plan34.59
12North CarolinaNC 529 Plan35.27
13NevadaThe Vanguard 529 College Savings Plan35.32
14WashingtonDreamAhead College Investment Plan36.15
15New JerseyNJBEST 529 College Savings Plan37.20
16PennsylvaniaPennsylvania 529 Investment Plan37.50
17MichiganMichigan Education Savings Program (MESP)38.36
18AlabamaCollegeCounts 529 Fund38.90
19TexasTexas College Savings Plan39.10
20MissouriMOST - Missouri's 529 Education Plan (Direct-sold)40.18
21FloridaFlorida 529 Savings Plan41.29
22IllinoisBright Start Direct-Sold College Savings Program42.66
23KansasLearning Quest 529 Education Savings Program (Direct-sold)42.90
24KansasSchwab 529 College Savings Plan43.48
25CaliforniaScholarShare 52944.34
26Rhode IslandCollegeBound Saver (Direct-sold)44.41
27Utahmy52944.92
28OhioOhio's 529 Plan, CollegeAdvantage45.14
29TennesseeTNStars College Savings 529 Program45.93
30North DakotaCollege SAVE (Direct)46.51
31VirginiaInvest52947.65
32WisconsinEdvest47.71
33NebraskaNebraska Education Savings Trust -- Direct College Savings Plan48.35
34IdahoIdaho College Savings Program (IDeal)48.76
35MaineNextGen 529 -- Client Direct Series49.42
36ArkansasGIFT College Investing Plan50.84
37MinnesotaMinnesota College Savings Plan51.87
38MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan51.89
39South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)51.99
40OklahomaOklahoma College Savings Plan52.76
41HawaiiHawaii's College Savings Program53.10
42District of ColumbiaDC College Savings Plan55.73
43AlaskaT. Rowe Price College Savings Plan56.51
43AlaskaAlaska 52956.51
45VermontVermont Higher Education Investment Plan56.75
46South DakotaCollegeAccess 529 (Direct-sold)61.93
47KentuckyKY Saves 52966.40
48MontanaAchieve Montana69.11
48ConnecticutConnecticut Higher Education Trust (CHET)69.12
50MississippiMississippi Affordable College Savings (MACS) Program71.79
51NevadaSSGA Upromise 529 Plan74.80
52West VirginiaSMART529 Select78.40
53NevadaUSAA 529 College Savings Plan79.26
-GeorgiaPath2College 529 PlanN/A
-NebraskaTD Ameritrade 529 College Savings PlanN/A
-New MexicoThe Education Plan's College Savings 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.