Education platform Savingforcollege.com recently released its annual ratings for state-sponsored 529 plans.
This year’s edition of the ratings used a new methodology based on four categories to determine the overall attractiveness of each plan on a five-point scale:
Performance: Historical investment returns of the plan.
Ease of Use: The ease of opening, maintaining and using the plan.
Savings Success: How well a plan’s features help investors optimize their savings. Including both positive factors, such as online gifting or planning tools and savings detractors like fees.
Program Delivery: How well the plan is positioned to perform reliably in the future based on criteria including program manager tenure, contract uncertainty and plan quality tracking.
Focusing solely on the advisor-sold plans, top performers include offerings from BlackRock Advisors, T. Rowe Price, Hartford Funds and Putnam.
Here are the top performing advisor-sold 529 plans for 2024:
