Inflows into 529 plans up 10% in 2021
Net inflows increased to $8.5 billion in 2021 from $7.7 billion in 2020.
Estimated net inflows to 529 savings plans in the fourth quarter of 2021 totaled $4.6 billion, unchanged from the same period of 2020, according to a report by ISS Market Intelligence. For all of 2021, however, net inflows were $8.5 billion, an increase of 10.4% over net inflows of $7.7 billion in 2020.
At the end of 2021, there was $452 billion in assets invested in 14.8 million 529 savings plan accounts; $28 billion in 900,000 529 prepaid accounts; and $1.04 million in 112,131 ABLE (529A) accounts, ISS Market Intelligence said.
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