Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Administration August 18, 2011
529 Plan Assets Increase in Q2 2011
August 18, 2011 (PLANSPONSOR.com) - 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.
Reported by Tara Cantore
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 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:
- 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
- Alliance Bernstein
« Investors Who Maintain Diversified Asset Allocation Strategy Are Rewarded