Q1 2020 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 March 31, 2020 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
1OhioOhio's 529 Plan, CollegeAdvantage20.00
2New YorkNew York's 529 College Savings Program -- Direct Plan28.13
3MassachusettsU.Fund College Investing Plan31.20
4DelawareDelaware College Investment Plan31.30
5ArizonaFidelity Arizona College Savings Plan31.30
6New HampshireUNIQUE College Investing Plan31.30
7South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)31.92
8VirginiaInvest52932.61
9MichiganMichigan Education Savings Program (MESP)35.16
10KansasLearning Quest 529 Education Savings Program (Direct-sold)36.83
11AlaskaAlaska 52939.33
11AlaskaT. Rowe Price College Savings Plan39.33
13NevadaThe Vanguard 529 College Savings Plan39.46
14West VirginiaSMART529 WV Direct College Savings Plan41.00
15IowaCollege Savings Iowa41.99
16LouisianaSTART Saving Program42.07
17ColoradoDirect Portfolio College Savings Plan46.03
18MaineNextGen 529 -- Client Direct Series47.64
19MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan48.17
20MinnesotaMinnesota College Savings Plan48.85
21MissouriMOST - Missouri's 529 Education Plan (Direct-sold)49.80
22OklahomaOklahoma College Savings Plan50.34
23FloridaFlorida 529 Savings Plan51.35
24HawaiiHawaii's College Savings Program54.02
25Utahmy52954.73
26ConnecticutConnecticut Higher Education Trust (CHET)61.54
27New JerseyNJBEST 529 College Savings Plan64.42
28ArkansasGIFT College Investing Plan67.11
29IdahoIdaho College Savings Program (IDeal)67.20
30TexasTexas College Savings Plan68.14
31South DakotaCollegeAccess 529 (Direct-sold)72.05
32KansasSchwab 529 College Savings Plan74.61
33NevadaUSAA 529 College Savings Plan82.59
34West VirginiaSMART529 Select84.86
-AlabamaCollegeCounts 529 FundN/A
-CaliforniaScholarShare 529N/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
-NebraskaNebraska Education Savings Trust -- Direct College Savings PlanN/A
-NebraskaTD Ameritrade 529 College Savings PlanN/A
-NevadaSSGA Upromise 529 PlanN/A
-New MexicoThe Education Plan's College Savings ProgramN/A
-North CarolinaNC 529 PlanN/A
-North DakotaCollege SAVE (Direct)N/A
-OregonOregon College Savings PlanN/A
-PennsylvaniaPennsylvania 529 Investment PlanN/A
-Rhode IslandCollegeBound Saver (Direct-sold)N/A
-TennesseeTNStars College Savings 529 ProgramN/A
-VermontVermont Higher Education Investment PlanN/A
-WashingtonDreamAhead College Investment PlanN/A
-WisconsinEdvestN/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.