The Markets August 18, 2011

529 Plan Assets Increase in Q2 2011

Financial Research Corporation's (FRC) 529 College Savings Quarterly Data Highlights show 529 savings plan assets have increased to an estimated $149.8 billion as of the second quarter of 2011.
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This reflects a 2.4% increase from first quarter 2011 assets of $146.4 billion. Over the last 12 months, 529 assets have increased by 27.4%. In contrast, long-term mutual fund and exchange-traded fund (ETF) assets (including funds-of-funds) have increased by 25.9% over the past year from $7,587 billion to $9,551 billion, a press release said. 

The top 10 529 savings plans from the second quarter 2011 by assets include: 

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  • CollegeAmerica – Virginia
  • New York’s College Savings Program Direct  – New York
  • CollegeBound Fund  – Rhode Island
  • UNIQUE College Investing Plan  – New Hampshire
  • NextGen College Investing Program Advisor  – Maine
  • The Vanguard 529 Savings Plan  – Nevada
  • Utah Education Savings Plan Trust (EUSP)  – Utah
  • ScholarShare College Savings Plan  – California
  • BlackRock CollegeAdvantage 529 Plan  – Ohio
  • U.Fund College Investing Plan  – Massachusetts

The second quarter data also showed the top five plan managers: 

  • American Funds  
  • Upromise Investments  
  • Fidelity  
  • TIAA-CREF  
  • AllianceBernstein 

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