COLLEGE SAVINGS 101
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Top Ten Direct-Sold 529 Plans*
http://www.savingforcollege.com/articles/top-ten-direct-sold-529-plans-898
Posted: 2016-02-11
*Three-year performance rankings as of 12/31/15
The highly anticipated Savingforcollege.com direct-sold 529 plan rankings are here!
529 plans are generally made up of mutual funds with varying investment options. Each quarter, after analyzing data from thousands of underlying investment portfolios, Savingforcollege.com determines the overall top performing 529 plans. The following slideshow features our most recent top ten list of the plans that can be purchased directly through the plan manager (without having to go through a financial advisor). The “performance score” determines the ranking.
The rankings shown in the slideshow are based on performance over the last three years, giving you a better idea of how the plans fared over time. Remember that you can open a 529 plan from almost any state, regardless of where you live!
Click here to see rankings that include plans sold through brokers and fee-based financial planners.
10. Ohio: Ohio CollegeAdvantage 529 Savings Plan
- Performance score: 36.12
- Available to U.S. citizens and resident aliens, UGMA/UTMA custodians, trusts, and 501(c)(3) organizations.
- Program managers: Ohio Tuition Trust Authority
- Plan Details
9. South Carolina: Future Scholar 529 College Savings Plan (Direct-Sold)
- Performance score: 35.11
- Available to U.S. citizens and resident aliens and UGMA/UTMA custodians. The Treasurer and Program Manager may permit other persons and legal entities to open accounts, however the account owner or beneficiary must be a resident of South Carolina, or an employee of the State of South Carolina, at the time of program enrollment.
- Program manager: Columbia Management Investment Distributors, Inc.
- Enroll Now
8. New Jersey: NJBEST 529 College Savings Plan
- Performance score: 34.95
- Available to Individuals of legal age, trusts, corporations, and other legal entities, however the contributor or the beneficiary must be a New Jersey resident at the time of program enrollment. Account owners must provide a Taxpayer Identification Number.
- Program manager: Franklin Templeton Distributors, Inc.
- Enroll Now
7. Utah: Utah Educational Savings Plan (UESP)
- Performance score: 31.83
- Available to individuals at least 18 years old, UGMA/UTMA custodians, and legal entities.
- Program manager: Utah Higher Education Assistance Authority
- Enroll Now
6. Florida: Florida 529 Savings Plan
- Performance score: 31.15
- Available to U.S. citizens and resident aliens at least 18 years old, UGMA/UTMA custodians, and legal entities organized in the U.S.
- Program manager: Florida Prepaid College Board
- Plan Details
5. Tennessee: TNStars College Savings 529 Program
- Performance score: 27.26
- Available to U.S. citizens and legal residents at least 18 years old, UGMA/UTMA custodians, and legal entities.
- Program manager: State of Tennessee Treasury Department
- Enroll Now
4. California: The ScholarShare College Savings Plan
- Performance score: 27.06
- Available to U.S. citizens and resident aliens at least 18 years old, emancipated minors, UGMA/UTMA custodians, and legal entities.
- Program manager: TIAA-CREF Tuition Financing, Inc. (TFI)
- Plan Details
3. Maine: NextGen College Investing Plan – Client Direct Series
- Performance score: 26.44
- Available to U.S. citizens and resident aliens at least 18 years old, UGMA/UTMA custodians, and legal entities.
- Program manager: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Plan Details
2. New York: New York's 529 College Savings Program –Direct Plan
- Performance score: 25.00
- Available to U.S. citizens and resident aliens including minors, UGMA/UTMA custodians, and legal entities.
- Program manager: Ascensus College Savings
- Enroll Now
1. District of Columbia: DC 529 College Savings Program (Direct-sold)
- Performance score: 15.20
- Available to U.S. citizens and resident aliens of legal age, UGMA/UTMA custodians, and legal entities, however the account owner must be a District of Columbia resident at the time of enrollment or work for a firm with over 300 employees that has payroll deduction for the DC College Savings Plan.
- Program manager: Calvert Investment Management, Inc.
- Enroll Now
*Three-year performance rankings as of 12/31/15
The highly anticipated Savingforcollege.com direct-sold 529 plan rankings are here!
529 plans are generally made up of mutual funds with varying investment options. Each quarter, after analyzing data from thousands of underlying investment portfolios, Savingforcollege.com determines the overall top performing 529 plans. The following slideshow features our most recent top ten list of the plans that can be purchased directly through the plan manager (without having to go through a financial advisor). The “performance score” determines the ranking.
The rankings shown in the slideshow are based on performance over the last three years, giving you a better idea of how the plans fared over time. Remember that you can open a 529 plan from almost any state, regardless of where you live!
Click here to see rankings that include plans sold through brokers and fee-based financial planners.
10. Ohio: Ohio CollegeAdvantage 529 Savings Plan
- Performance score: 36.12
- Available to U.S. citizens and resident aliens, UGMA/UTMA custodians, trusts, and 501(c)(3) organizations.
- Program managers: Ohio Tuition Trust Authority
- Plan Details
9. South Carolina: Future Scholar 529 College Savings Plan (Direct-Sold)
- Performance score: 35.11
- Available to U.S. citizens and resident aliens and UGMA/UTMA custodians. The Treasurer and Program Manager may permit other persons and legal entities to open accounts, however the account owner or beneficiary must be a resident of South Carolina, or an employee of the State of South Carolina, at the time of program enrollment.
- Program manager: Columbia Management Investment Distributors, Inc.
- Enroll Now
8. New Jersey: NJBEST 529 College Savings Plan
- Performance score: 34.95
- Available to Individuals of legal age, trusts, corporations, and other legal entities, however the contributor or the beneficiary must be a New Jersey resident at the time of program enrollment. Account owners must provide a Taxpayer Identification Number.
- Program manager: Franklin Templeton Distributors, Inc.
- Enroll Now
7. Utah: Utah Educational Savings Plan (UESP)
- Performance score: 31.83
- Available to individuals at least 18 years old, UGMA/UTMA custodians, and legal entities.
- Program manager: Utah Higher Education Assistance Authority
- Enroll Now
6. Florida: Florida 529 Savings Plan
- Performance score: 31.15
- Available to U.S. citizens and resident aliens at least 18 years old, UGMA/UTMA custodians, and legal entities organized in the U.S.
- Program manager: Florida Prepaid College Board
- Plan Details
5. Tennessee: TNStars College Savings 529 Program
- Performance score: 27.26
- Available to U.S. citizens and legal residents at least 18 years old, UGMA/UTMA custodians, and legal entities.
- Program manager: State of Tennessee Treasury Department
- Enroll Now
4. California: The ScholarShare College Savings Plan
- Performance score: 27.06
- Available to U.S. citizens and resident aliens at least 18 years old, emancipated minors, UGMA/UTMA custodians, and legal entities.
- Program manager: TIAA-CREF Tuition Financing, Inc. (TFI)
- Plan Details
3. Maine: NextGen College Investing Plan – Client Direct Series
- Performance score: 26.44
- Available to U.S. citizens and resident aliens at least 18 years old, UGMA/UTMA custodians, and legal entities.
- Program manager: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Plan Details
2. New York: New York's 529 College Savings Program –Direct Plan
- Performance score: 25.00
- Available to U.S. citizens and resident aliens including minors, UGMA/UTMA custodians, and legal entities.
- Program manager: Ascensus College Savings
- Enroll Now
1. District of Columbia: DC 529 College Savings Program (Direct-sold)
- Performance score: 15.20
- Available to U.S. citizens and resident aliens of legal age, UGMA/UTMA custodians, and legal entities, however the account owner must be a District of Columbia resident at the time of enrollment or work for a firm with over 300 employees that has payroll deduction for the DC College Savings Plan.
- Program manager: Calvert Investment Management, Inc.
- Enroll Now
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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 | New Jersey | NJBEST 529 College Savings Plan |
2 | Nebraska | Bloomwell 529 Education Savings Plan |
3 | Nevada | USAA 529 Education Savings Plan |
Three-year rankings are based on a plan's average annual investment returns over the last three years.
State | Plan Name | |
---|---|---|
1 | New Jersey | NJBEST 529 College Savings Plan |
2 | South Dakota | CollegeAccess 529 (Direct-sold) |
3 | West Virginia | SMART529 WV Direct 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 | West Virginia | SMART529 WV Direct College Savings Plan |
2 | Indiana | Indiana529 Direct Savings Plan |
3 | Alaska | T. Rowe Price College Savings Plan |
10-year rankings are based on a plan's average annual investment returns over the last ten years.
State | Plan Name | |
---|---|---|
1 | West Virginia | SMART529 WV Direct College Savings Plan |
2 | South Carolina | Future Scholar 529 College Savings Plan (Direct-sold) |
3 | Alaska | T. Rowe Price College Savings Plan |