2016 section 529 college savings plans

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

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.

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