529 PLANS
529 News
American Century wins bid to stay as Kansas program manager
(November 16, 2006) - Kansas State Treasurer Lynn Jenkins announced today that American Century Investments will retain its position as program manager of the state's 529 savings plans. American Century's current contract expires on December 31, 2006.
Expenses will be lowered and investment options expanded in the Kansas 529 plans. The program manager fee in Learning Quest and the Schwab 529 College Savings Plan will be reduced from 0.39% to 0.20%. In addition, the addition of index funds into the Learning Quest investment mix will bring down the total expense ratio in many of the options.
The Learning Quest Advisor program will include the same program management fee along with a new multi-manager approach, including funds from The Hartford, OppenheimerFunds, Principal Financial, and Riversource.
Top 529 College Savings Plans
One-year rankings are based on a plan's average investment returns over the last 12 months.
| State | Plan Name | |
|---|---|---|
| 1 | South Dakota | CollegeAccess 529 (Direct-sold) |
| 2 | Nevada | The Vanguard 529 Savings Plan |
| 3 | California | ScholarShare 529 |
Three-year rankings are based on a plan's average annual investment returns over the last three years.
| State | Plan Name | |
|---|---|---|
| 1 | West Virginia | SMART529 WV Direct College Savings Plan |
| 2 | California | ScholarShare 529 |
| 3 | Alaska | T. Rowe Price College Savings Plan |
Five-year rankings are based on a plan's average annual investment returns over the last five years
| State | Plan Name | |
|---|---|---|
| 1 | Ohio | Ohio CollegeAdvantage Direct 529 Savings Plan |
| 2 | New York | New York's 529 College Savings Program -- Direct Plan |
| 3 | California | ScholarShare 529 |
10-year rankings are based on a plan's average annual investment returns over the last ten years.
| State | Plan Name | |
|---|---|---|
| 1 | Nevada | USAA 529 College Savings Plan |
| 2 | New York | New York's 529 College Savings Program -- Direct Plan |
| 3 | Alaska | T. Rowe Price College Savings Plan |
