Q2 2022 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 June 30, 2022 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
1AlaskaAlaska 52911.42
1AlaskaT. Rowe Price College Savings Plan11.42
3NevadaThe Vanguard 529 College Savings Plan26.21
4IndianaCollegeChoice 529 Direct Savings Plan26.51
5West VirginiaSMART529 WV Direct College Savings Plan26.98
6South DakotaCollegeAccess 529 (Direct-sold)34.44
7District of ColumbiaDC College Savings Plan37.76
9NebraskaNebraska Education Savings Trust -- Direct College Savings Plan40.37
10MichiganMichigan Education Savings Program (MESP)40.49
11MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan40.72
12South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)42.00
13KansasLearning Quest 529 Education Savings Program (Direct-sold)45.20
14IllinoisBright Start Direct-Sold College Savings Program45.44
15IdahoIdaho College Savings Program (IDeal)47.05
17MaineNextGen 529 -- Client Direct Series47.78
18New HampshireUNIQUE College Investing Plan48.07
19ArizonaAZ529, Arizona’s Education Savings Plan48.11
20MassachusettsU.Fund College Investing Plan48.19
21MinnesotaMinnesota College Savings Plan48.25
22AlabamaCollegeCounts 529 Fund48.39
23DelawareDE529 Education Savings Plan48.74
25OklahomaOklahoma 52952.27
26New YorkNew York's 529 College Savings Program -- Direct Plan52.27
27VermontVermont Higher Education Investment Plan52.36
28OhioOhio's 529 Plan, CollegeAdvantage52.45
29OregonOregon College Savings Plan53.58
30KentuckyKY Saves 52954.43
31Rhode IslandCollegeBound Saver (Direct-sold)54.52
32LouisianaSTART Saving Program55.39
33West VirginiaSMART529 Select55.52
34North CarolinaNC 529 Plan56.22
35IowaCollege Savings Iowa57.30
36North DakotaCollege SAVE (Direct)57.46
37PennsylvaniaPennsylvania 529 Investment Plan57.84
38MissouriMOST - Missouri's 529 Education Plan (Direct-sold)60.51
39ColoradoDirect Portfolio College Savings Plan60.70
40MississippiMississippi Affordable College Savings (MACS) Program62.38
41ArkansasArkansas Brighter Future Direct Plan62.64
42HawaiiHawaii's College Savings Program69.61
43WashingtonDreamAhead College Investment Plan70.25
44NevadaUSAA 529 Education Savings Plan71.71
45New JerseyNJBEST 529 College Savings Plan74.18
-ArizonaAZ529, Arizona’s Education Savings Plan - Bank PlanN/A
-CaliforniaScholarShare 529N/A
-ConnecticutConnecticut Higher Education Trust (CHET)N/A
-FloridaFlorida 529 Savings PlanN/A
-GeorgiaPath2College 529 PlanN/A
-MontanaAchieve MontanaN/A
-NebraskaBloomwell 529 Education Savings PlanN/A
-New MexicoThe Education Plan's College Savings ProgramN/A
-TennesseeTNStars College Savings 529 ProgramN/A
-TexasTexas College Savings 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.