Q1 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 March 31, 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
1IndianaCollegeChoice 529 Direct Savings Plan31.75
2West VirginiaSMART529 WV Direct College Savings Plan40.49
4MichiganMichigan Education Savings Program (MESP)45.56
5NebraskaNebraska Education Savings Trust -- Direct College Savings Plan45.65
6South DakotaCollegeAccess 529 (Direct-sold)45.85
7AlaskaT. Rowe Price College Savings Plan46.05
7AlaskaAlaska 52946.05
9NevadaThe Vanguard 529 College Savings Plan46.09
10South CarolinaFuture Scholar 529 College Savings Plan (Direct-sold)47.04
11District of ColumbiaDC College Savings Plan48.06
12MarylandMaryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan49.54
13New YorkNew York's 529 College Savings Program -- Direct Plan50.39
14OhioOhio's 529 Plan, CollegeAdvantage50.78
15IllinoisBright Start Direct-Sold College Savings Program50.80
17FloridaFlorida 529 Savings Plan52.18
18DelawareDE529 Education Savings Plan53.22
19ArizonaAZ529, Arizona’s Education Savings Plan53.29
20New HampshireUNIQUE College Investing Plan53.32
21MassachusettsU.Fund College Investing Plan53.36
22OklahomaOklahoma College Savings Plan53.37
23KansasLearning Quest 529 Education Savings Program (Direct-sold)54.30
24MinnesotaMinnesota College Savings Plan54.33
25MaineNextGen 529 -- Client Direct Series54.35
26PennsylvaniaPennsylvania 529 Investment Plan54.70
27OregonOregon College Savings Plan55.19
28LouisianaSTART Saving Program56.13
29AlabamaCollegeCounts 529 Fund56.28
30KansasSchwab 529 College Savings Plan56.32
31Rhode IslandCollegeBound Saver (Direct-sold)56.41
33IowaCollege Savings Iowa56.69
34VermontVermont Higher Education Investment Plan57.54
35North DakotaCollege SAVE (Direct)59.22
36ColoradoDirect Portfolio College Savings Plan59.25
37MissouriMOST - Missouri's 529 Education Plan (Direct-sold)59.32
38North CarolinaNC 529 Plan59.65
39NevadaUSAA 529 Education Savings Plan62.33
40IdahoIdaho College Savings Program (IDeal)63.67
41ArkansasArkansas Brighter Future Direct Plan64.23
42KentuckyKY Saves 52964.63
43MississippiMississippi Affordable College Savings (MACS) Program66.06
44WashingtonDreamAhead College Investment Plan66.82
45NevadaSSGA Upromise 529 Plan68.73
46HawaiiHawaii's College Savings Program69.01
47West VirginiaSMART529 Select69.69
48New JerseyNJBEST 529 College Savings Plan75.33
-CaliforniaScholarShare 529N/A
-ConnecticutConnecticut Higher Education Trust (CHET)N/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.