Numbers Game

Numbers Gameblog

Latest research and trends from around the financial advisory business, updated regularly highlighting stats, charts, infographics and all things data.

The latest 529 college savings plan data

Plans ranked by assets, plus ranking the top direct- and adviser-sold plans

Sep 6, 2015 @ 12:01 am

By InvestmentNews Data and Liz Skinner

Americans continue to save for steep college costs through tax-advantaged Section 529 savings plans. Virginia's CollegeAmerica plan, an adviser-sold program managed by merican Funds, remains the nation's largest with nearly $50 billion in assets. The next largest college savings plan sold through financial advisers is Maine's NextGen College Ivesting Plan Select, which has $8 billion in assets. The top program that's sold directly to consumers is New York's 529 Program, which is managed by Ascensus and contains $16.4 billion in assets. That particular plan also ranks among the top five performers in its class over the last three years, as does the version of the CollegeAmerica plan in Virginia that's sold by registered investment advisers.

529s ranked by assets

StateProgramManagerAssets ($M)
VACollegeAmericaAmerican Funds$49,770.8
NYNew York's 529 Program (Direct)Ascensus$16,406.2
NVThe Vanguard 529 College Savings PlanAscensus$10,900.9
NHUNIQUE College Investing PlanFidelity Investments$10,229.9
UTUtah Educational Savings PlanUtah Educational Savings Plan$8,437.7
MENextGen College Investing Plan SelectMerrill Lynch Pierce Fenner & Smith$8,223.1
RICollegeBoundfundAllianceBernstein $7,124.6
CAScholarShare College Savings PlanTIAA Tuition Financing Inc.$6,489.4
MAU.Fund College Investing PlanFidelity Investments$5,003.7
OHBlackRock CollegeAdvantage 529 PlanBlackRock Advisors$4,779.5
NHFidelity Advisor 529 PlanFidelity Investments$4,413.9
MIMichigan Education Savings ProgramTIAA Tuition Financing Inc.$4,248.1
ILBright Start College Savings (Direct)OFI Private Investments Inc.$3,765.8
COScholars Choice College Savings ProgramLegg Mason Global Asset Allocation$3,661.3
NYNew York's 529 Program (Advisor-Guided)Ascensus$3,599.2
MDMaryland College Investment PlanT. Rowe Price Associates Inc.$3,542.8
AKJohn Hancock Freedom 529T. Rowe Price Associates Inc.$3,469.0
NJFranklin Templeton 529 Coll Savings PlanFranklin Templeton Distributors Inc.$3,298.2
VAVirginia529 inVESTVirginia College Savings Plan$3,098.5
KSSchwab 529 College Savings PlanAmerican Century Inv Mgt, Inc.$2,796.7
NVUSAA College Savings PlanAscensus$2,488.5
CTConnecticut Higher Education TrustTIAA Tuition Financing Inc.$2,393.3
COCollegeInvest Direct PortfolioAscensus$2,349.4
WIEdvest 529 PlanTIAA Tuition Financing Inc.$2,305.1
MOMOST Missouri's 529 PlanAscensus$2,236.7

Most current assets available as of Aug. 19. Source: Morningstar, Inc.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Pershing's Dolly: 3 challenges facing advisers ahead

What are the biggest challenges facing financial advisers today? Pershing Lisa Dolly explains some of the hurdles, and how great advisers are overcoming them.

Video Spotlight

Will It Last As Long As Your Clients Do?

Sponsored by Prudential

Video Spotlight

The Catalyst

Sponsored by Pershing

Latest news & opinion

10 funds with largest 3-year outflows

Even well-managed funds that have beaten the S&P 500’s 10.1% average annual gain have watched investors flee.

Wirehouse training programs are back

At one time, major brokerage houses ran large, expensive training programs for thousands of young brokers, and now it looks as if they are about to return to that model.

New military pension rules need financial advisers to step up and serve

Matching defined contribution plan expected to see more money, more need for sound advice.

Brian Block's $4 million bonus was tied to a key metric at ARCP

Prosecution rests case in fraud trial against CFO of American Realty Capital Properties.

Edward Jones is winning the Google search war

Brokerage firm's digital marketing investment helps land it at the top of local and overall search engine results, report finds.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print