2016 section 529 college savings plans

Top-ranked college savings plans, based on assets and performance.
SEP 11, 2016

Ranked by assets

State Program Manager Assets ($M)
VA CollegeAmerica American Funds $51,950.0
NY New York's 529 Program (Direct) Ascensus $19,046.8
NV The Vanguard 529 College Savings Plan Ascensus $13,202.3
NH UNIQUE College Investing Plan Fidelity Investments $10,676.9
UT Utah Educational Savings Plan Utah Educational Savings Plan $9,322.8
ME NextGen College Investing Plan Select Merrill Lynch Pierce Fenner & Smith $8,210.4
CA ScholarShare College Savings Plan TIAA Tuition Financing Inc. $6,901.8
MA U.Fund College Investing Plan Fidelity Investments $5,156.6
OH BlackRock CollegeAdvantage 529 Plan BlackRock Advisors $4,779.3
MD Maryland College Investment Plan T. Rowe Price Associates Inc. $4,552.5
MI Michigan Education Savings Program TIAA Tuition Financing Inc. $4,512.5
AK John Hancock Freedom 529 T. Rowe Price Associates Inc. $4,413.1
NH Fidelity Advisor 529 Plan Fidelity Investments $4,397.4
OH CollegeAdvantage 529 Savings Plan Ohio Tuition Trust Authority $4,384.3
IA College Savings Iowa 529 Plan Vanguard Group Inc. $4,263.1
IL Bright Start College Savings (Direct) OFI Private Investments Inc. $4,214.1
NY New York's 529 Program (Advisor-Guided) Ascensus $3,899.9
CO Scholars Choice College Savings Program Legg Mason Global Asset Allocation $3,766.5
VA Virginia529 inVEST Virginia College Savings Plan $3,419.0
NJ Franklin Templeton 529 College Savings Plan Franklin Templeton Distributors Inc. $3,328.3
KS Schwab 529 College Savings Plan American Century Inv Mgmt Inc. $3,096.1
NV USAA College Savings Plan Ascensus $2,785.5
CO CollegeInvest Direct Portfolio Ascensus $2,760.5
AK University of Alaska Coll Savings Plan T. Rowe Price Associates Inc. $2,667.4
CT Connecticut Higher Education Trust TIAA Tuition Financing Inc. $2,526.6
Most current assets available as of Aug. 22; Source: Morningstar Inc.

Top five plans, based on three-year performance

Rank Direct-sold Adviser-sold RIA-sold
1 District of ColumbiaDC 529 College Savings Program District of ColumbiaDC 529 College Savings Program NevadaSSGA Upromise 529 Plan
2 New YorkNew York's 529 College Savings Program VirginiaCollegeAmerica VirginiaCollegeAmerica (Class 529-F)
3 TennesseeTNStars College Savings 529 Program IndianaCollegeChoice Advisor 529 Savings Plan South CarolinaFuture Scholar 529 College Savings Plan (Class Z)
4 MichiganMichigan Education Savings Program South CarolinaFuture Scholar 529 College Savings Plan WisconsinTomorrow's Scholar 529 Plan (Class W)
5 CaliforniaThe ScholarShare College Savings Plan WisconsinTomorrow's Scholar 529 Plan NebraskaTD Ameritrade 529 College Savings Plan
As of June 30. Rankings are derived using the plans' relevant portfolio performance in seven unique asset allocation categories. The asset allocation categories used are 100% equity, 80% equity, 60% equity, 40% equity, 20%equity, 100% fixed, and 100% short-term. Each plan's composite ranking is determined by the average of its performance score in the seven categories; Source: Savingforcollege.com

Adviser-sold plans, Ranked by assets

Direct-sold plans, Ranked by assets

Note: Most-current assets available as of Aug. 22.; Source: Morningstar Inc.

Latest News

Trump drops $10 billion IRS lawsuit as $1.7B settlement fund takes shape
Trump drops $10 billion IRS lawsuit as $1.7B settlement fund takes shape

A last-minute court filing ends a case against the federal tax-collecting agency that had drawn unprecedented conflict-of-interest questions from Democratic critics.

You Can’t Spell Advisor without AI
You Can’t Spell Advisor without AI

Advisors discuss their use of AI now and how it will change going forward

DOJ's fraud sweep bags over $1B in convictions, guilty pleas and indictments in a single week
DOJ's fraud sweep bags over $1B in convictions, guilty pleas and indictments in a single week

Medicare scam, pandemic benefit theft, offshore tax evasion — federal prosecutors are casting a wide net.

Retirement without guaranteed income streams may mean near-total asset wipeout
Retirement without guaranteed income streams may mean near-total asset wipeout

Report finds that pension income acts as a financial lifeline for retirees facing late-life shocks and raises urgent questions about the DC-only future.

Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney
Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney

Nine-month electronic trading freeze and share lending program at the center of dismissed claim.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline