Q1 2020 529 plan rankings: Three-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.

Three-year performance ranking (click here for one-year performance table, five-year performance table, and ten-year performance table):

RankStatePlanPerformance Score
1IndianaCollegeChoice 529 Direct Savings Plan22.84
2ArizonaFidelity Arizona College Savings Plan23.91
3New YorkNew York's 529 College Savings Program -- Direct Plan24.07
4DelawareDelaware College Investment Plan24.10
5MassachusettsU.Fund College Investing Plan24.15
6New HampshireUNIQUE College Investing Plan24.22
7NevadaThe Vanguard 529 College Savings Plan24.67
8LouisianaSTART Saving Program27.03
9West VirginiaSMART529 WV Direct College Savings Plan27.11
10District of ColumbiaDC College Savings Plan27.24
11North CarolinaNC 529 Plan27.25
12IowaCollege Savings Iowa27.68
13OhioOhio's 529 Plan, CollegeAdvantage28.38
14MissouriMOST - Missouri's 529 Education Plan (Direct-sold)28.86
15PennsylvaniaPennsylvania 529 Investment Plan29.45
16ColoradoDirect Portfolio College Savings Plan31.84
17NebraskaNebraska Education Savings Trust -- Direct College Savings Plan32.61
18MichiganMichigan Education Savings Program (MESP)33.60
19KansasLearning Quest 529 Education Savings Program (Direct-sold)34.45
20MinnesotaMinnesota College Savings Plan35.08
21South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)35.94
23CaliforniaScholarShare 52937.10
24Rhode IslandCollegeBound Saver (Direct-sold)39.19
25GeorgiaPath2College 529 Plan39.84
26FloridaFlorida 529 Savings Plan40.37
28AlabamaCollegeCounts 529 Fund42.55
29IdahoIdaho College Savings Program (IDeal)42.70
30ArkansasGIFT College Investing Plan43.81
31NevadaSSGA Upromise 529 Plan43.99
32HawaiiHawaii's College Savings Program46.92
33OklahomaOklahoma College Savings Plan48.12
34ConnecticutConnecticut Higher Education Trust (CHET)48.23
36TexasTexas College Savings Plan48.84
37MaineNextGen 529 -- Client Direct Series49.43
38KansasSchwab 529 College Savings Plan52.69
39New JerseyNJBEST 529 College Savings Plan52.76
40VermontVermont Higher Education Investment Plan53.75
41AlaskaAlaska 52958.09
41AlaskaT. Rowe Price College Savings Plan58.09
43MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan61.32
44South DakotaCollegeAccess 529 (Direct-sold)74.52
45West VirginiaSMART529 Select82.12
46NevadaUSAA 529 College Savings Plan87.10
47MontanaAchieve Montana88.27
-IllinoisBright Start Direct-Sold College Savings ProgramN/A
-KentuckyKY Saves 529N/A
-MississippiMississippi Affordable College Savings (MACS) ProgramN/A
-NebraskaTD Ameritrade 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
-TennesseeTNStars College Savings 529 ProgramN/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.