Q4 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 December 31, 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
1MontanaAchieve Montana25.03
2NevadaUSAA 529 Education Savings Plan25.98
3West VirginiaSMART529 Select27.23
4South DakotaCollegeAccess 529 (Direct-sold)29.04
6West VirginiaSMART529 WV Direct College Savings Plan33.36
7ArkansasArkansas Brighter Future Direct Plan33.79
8MinnesotaMinnesota College Savings Plan34.31
9District of ColumbiaDC College Savings Plan36.13
10KansasLearning Quest 529 Education Savings Program (Direct-sold)36.74
11KentuckyKY Saves 52936.81
12GeorgiaPath2College 529 Plan37.67
13New JerseyNJBEST 529 College Savings Plan37.78
14OklahomaOklahoma 52937.91
16New MexicoThe Education Plan's College Savings Program39.42
17MichiganMichigan Education Savings Program (MESP)40.16
18South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)41.76
19IdahoIdaho College Savings Program (IDeal)42.55
20VermontVermont Higher Education Investment Plan43.27
21MississippiMississippi Affordable College Savings (MACS) Program43.56
22NebraskaBloomwell 529 Education Savings Plan43.65
23MaineNextGen 529 -- Client Direct Series43.95
24CaliforniaScholarShare 52944.12
25MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan45.48
26North DakotaCollege SAVE (Direct)46.32
28AlabamaCollegeCounts 529 Fund46.91
29IndianaCollegeChoice 529 Direct Savings Plan47.15
30AlaskaAlaska 52949.04
30AlaskaT. Rowe Price College Savings Plan49.04
32OhioOhio's 529 Plan, CollegeAdvantage51.44
33IllinoisBright Start Direct-Sold College Savings Program51.85
34NevadaThe Vanguard 529 College Savings Plan51.93
35FloridaFlorida 529 Savings Plan54.30
36New YorkNew York's 529 College Savings Program -- Direct Plan55.35
37WashingtonDreamAhead College Investment Plan56.16
38HawaiiHawaii's College Savings Program57.28
39TennesseeTNStars College Savings 529 Program57.79
40ColoradoDirect Portfolio College Savings Plan57.93
41MissouriMOST - Missouri's 529 Education Plan (Direct-sold)58.41
42TexasTexas College Savings Plan58.54
43OregonOregon College Savings Plan58.57
44Rhode IslandCollegeBound Saver (Direct-sold)59.16
45North CarolinaNC 529 Plan60.23
46ArizonaAZ529, Arizona's Education Savings Plan60.92
47MassachusettsU.Fund College Investing Plan60.96
48NebraskaNebraska Education Savings Trust -- Direct College Savings Plan60.97
49New HampshireUNIQUE College Investing Plan61.05
50ConnecticutConnecticut Higher Education Trust (CHET)61.24
51IowaCollege Savings Iowa61.46
52DelawareDE529 Education Savings Plan62.14
53LouisianaSTART Saving Program62.57
54PennsylvaniaPennsylvania 529 Investment Plan65.52
-ArizonaAZ529, Arizona's Education Savings Plan - Bank 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.