Q3 2022 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, 2022 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
1AlaskaAlaska 52928.70
1AlaskaT. Rowe Price College Savings Plan28.70
3MontanaAchieve Montana31.61
4West VirginiaSMART529 WV Direct College Savings Plan36.33
5District of ColumbiaDC College Savings Plan40.60
6MinnesotaMinnesota College Savings Plan40.63
7GeorgiaPath2College 529 Plan41.02
9IndianaCollegeChoice 529 Direct Savings Plan41.83
10MichiganMichigan Education Savings Program (MESP)41.99
11OklahomaOklahoma 52942.69
13KansasLearning Quest 529 Education Savings Program (Direct-sold)43.61
14New MexicoThe Education Plan's College Savings Program44.72
15West VirginiaSMART529 Select45.64
16MaineNextGen 529 -- Client Direct Series45.65
17ArkansasArkansas Brighter Future Direct Plan45.77
18NebraskaBloomwell 529 Education Savings Plan46.77
19South DakotaCollegeAccess 529 (Direct-sold)46.79
20MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan46.85
21South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)46.90
22KentuckyKY Saves 52947.38
23CaliforniaScholarShare 52948.00
24New JerseyNJBEST 529 College Savings Plan48.49
25NevadaSSGA Upromise 529 Plan48.87
26NevadaUSAA 529 Education Savings Plan48.96
27VermontVermont Higher Education Investment Plan51.96
28IdahoIdaho College Savings Program (IDeal)53.15
30North DakotaCollege SAVE (Direct)53.98
31MississippiMississippi Affordable College Savings (MACS) Program53.99
32KansasSchwab 529 College Savings Plan54.80
33AlabamaCollegeCounts 529 Fund55.53
34NevadaThe Vanguard 529 College Savings Plan56.31
35OhioOhio's 529 Plan, CollegeAdvantage57.44
36IllinoisBright Start Direct-Sold College Savings Program57.94
37HawaiiHawaii's College Savings Program58.50
38DelawareDE529 Education Savings Plan58.73
39Rhode IslandCollegeBound Saver (Direct-sold)58.95
40ConnecticutConnecticut Higher Education Trust (CHET)59.86
41FloridaFlorida 529 Savings Plan59.91
42New HampshireUNIQUE College Investing Plan60.08
43ArizonaAZ529, Arizona’s Education Savings Plan60.13
44MassachusettsU.Fund College Investing Plan60.22
45New YorkNew York's 529 College Savings Program -- Direct Plan60.53
46ColoradoDirect Portfolio College Savings Plan60.81
47MissouriMOST - Missouri's 529 Education Plan (Direct-sold)61.92
48LouisianaSTART Saving Program62.10
49IowaCollege Savings Iowa62.10
50NebraskaNebraska Education Savings Trust -- Direct College Savings Plan62.52
51North CarolinaNC 529 Plan63.34
52PennsylvaniaPennsylvania 529 Investment Plan65.84
53OregonOregon College Savings Plan66.47
54WashingtonDreamAhead College Investment Plan68.26
55TennesseeTNStars College Savings 529 Program68.47
-ArizonaAZ529, Arizona’s Education Savings Plan - Bank PlanN/A
-TexasTexas College Savings 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.