Q3 2022 529 plan rankings: Ten-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.

Ten-year performance ranking (click here for one-year performance table, three-year performance table, and five-year performance table):

RankStatePlanPerformance Score
1West VirginiaSMART529 WV Direct College Savings Plan37.67
2AlaskaAlaska 52938.30
2AlaskaT. Rowe Price College Savings Plan38.30
4South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)39.48
5MichiganMichigan Education Savings Program (MESP)43.57
6New YorkNew York's 529 College Savings Program -- Direct Plan44.94
7OklahomaOklahoma 52945.87
8ArizonaAZ529, Arizona’s Education Savings Plan45.92
9New HampshireUNIQUE College Investing Plan46.02
10MassachusettsU.Fund College Investing Plan46.45
11DelawareDE529 Education Savings Plan47.42
12NevadaThe Vanguard 529 College Savings Plan47.79
14KansasLearning Quest 529 Education Savings Program (Direct-sold)49.39
15NebraskaNebraska Education Savings Trust -- Direct College Savings Plan49.78
16AlabamaCollegeCounts 529 Fund49.86
17LouisianaSTART Saving Program50.35
18North CarolinaNC 529 Plan51.26
19OhioOhio's 529 Plan, CollegeAdvantage51.66
20FloridaFlorida 529 Savings Plan52.76
21MinnesotaMinnesota College Savings Plan52.76
22MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan53.43
23IdahoIdaho College Savings Program (IDeal)54.09
24MissouriMOST - Missouri's 529 Education Plan (Direct-sold)56.47
25ColoradoDirect Portfolio College Savings Plan57.05
26MaineNextGen 529 -- Client Direct Series58.28
27IowaCollege Savings Iowa60.18
28NevadaSSGA Upromise 529 Plan62.90
29KansasSchwab 529 College Savings Plan67.11
30HawaiiHawaii's College Savings Program67.52
-West VirginiaSMART529 Select70.41
-NevadaUSAA 529 Education Savings Plan82.62
-ArizonaAZ529, Arizona’s Education Savings Plan - Bank PlanN/A
-ArkansasArkansas Brighter Future Direct PlanN/A
-CaliforniaScholarShare 529N/A
-ConnecticutConnecticut Higher Education Trust (CHET)N/A
-District of ColumbiaDC College Savings PlanN/A
-GeorgiaPath2College 529 PlanN/A
-IllinoisBright Start Direct-Sold College Savings ProgramN/A
-IndianaCollegeChoice 529 Direct Savings PlanN/A
-KentuckyKY Saves 529N/A
-MississippiMississippi Affordable College Savings (MACS) ProgramN/A
-MontanaAchieve MontanaN/A
-NebraskaBloomwell 529 Education Savings PlanN/A
-New JerseyNJBEST 529 College Savings PlanN/A
-New MexicoThe Education Plan's College Savings ProgramN/A
-North DakotaCollege SAVE (Direct)N/A
-OregonOregon College Savings PlanN/A
-PennsylvaniaPennsylvania 529 Investment PlanN/A
-Rhode IslandCollegeBound Saver (Direct-sold)N/A
-South DakotaCollegeAccess 529 (Direct-sold)N/A
-TennesseeTNStars College Savings 529 ProgramN/A
-TexasTexas College Savings PlanN/A
-VermontVermont Higher Education Investment PlanN/A
-WashingtonDreamAhead College Investment 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.