Q1 2024 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, 2024 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
1New JerseyNJBEST 529 College Savings Plan15.15
2NebraskaBloomwell 529 Education Savings Plan20.77
3NevadaUSAA 529 Education Savings Plan24.34
4MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan27.81
5AlaskaT. Rowe Price College Savings Plan30.34
5AlaskaAlaska 52930.34
8KansasLearning Quest 529 Education Savings Program (Direct-sold)36.72
9FloridaFlorida 529 Savings Plan39.98
10IllinoisBright Start Direct-Sold College Savings Program40.40
11CaliforniaScholarShare 52941.15
12WisconsinEdvest 52942.14
13South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)42.59
14KansasSchwab 529 College Savings Plan43.58
15AlabamaCollegeCounts 529 Fund46.02
16GeorgiaPath2College 529 Plan47.93
17MaineNextGen 529 -- Client Direct Series48.66
18MinnesotaMinnesota College Savings Plan49.63
19OhioOhio's 529 Plan, CollegeAdvantage49.83
20West VirginiaSMART529 WV Direct College Savings Plan51.36
21West VirginiaSMART529 Select51.52
22MichiganMichigan Education Savings Program (MESP)51.68
23HawaiiHawaii's College Savings Program52.22
25New MexicoThe Education Plan's College Savings Program53.09
26TennesseeTNStars College Savings 529 Program53.52
27MassachusettsU.Fund College Investing Plan53.85
28OklahomaOklahoma 52954.34
29LouisianaSTART Saving Program54.39
30TexasTexas College Savings Plan55.87
31New HampshireUNIQUE College Investing Plan56.22
32NebraskaNebraska Education Savings Trust -- Direct College Savings Plan56.35
33ConnecticutConnecticut Higher Education Trust (CHET)57.04
34OregonOregon College Savings Plan58.24
35ColoradoDirect Portfolio College Savings Plan61.22
36District of ColumbiaDC College Savings Plan61.47
37IowaCollege Savings Iowa61.61
38MissouriMOST - Missouri's 529 Education Plan (Direct-sold)61.65
39NevadaThe Vanguard 529 College Savings Plan62.08
40KentuckyKY Saves 52962.26
41North CarolinaNC 529 Plan63.19
42New YorkNew York's 529 College Savings Program -- Direct Plan63.77
43PennsylvaniaPennsylvania 529 Investment Plan64.02
44WashingtonDreamAhead College Investment Plan64.03
45Rhode IslandCollegeBound Saver (Direct-sold)65.37
46North DakotaCollege SAVE (Direct)66.80
47ArkansasArkansas Brighter Future Direct Plan66.89
48South DakotaCollegeAccess 529 (Direct-sold)67.18
49IdahoIdaho College Savings Program (IDeal)68.29
50IndianaIndiana529 Direct Savings Plan69.58
51ArizonaAZ529, Arizona's Education Savings Plan71.11
52DelawareDE529 Education Savings Plan71.32
53VermontVermont Higher Education Investment Plan78.37
54MontanaAchieve Montana81.48
55MississippiMississippi Affordable College Savings (MACS) Program88.12

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.