New York 529 Delivers Consistent Performance According to Savingforcollege.com’s Most Recent Rankings

Share Article

Savingforcollege.com’s 529 Plan Performance Rankings for the 1-, 3-, 5-, and 10-year periods ended June 30, 2015 have been released, showing consistently strong results from the 529 college savings programs offered by New York and several other states.

News Image
Because of the variety of investment options among competing 529 plans, many college savers are not able to easily compare performance when shopping for a plan.

New York’s 529 College Savings Program has placed among the top five 529 plans in performance over 1-, 3-, 5-, and 10-year periods in Savingforcollege.com’s newly-released 529 Composite Performance Rankings as of June 30, 2015, demonstrating consistently strong investment returns relative to other 529 savings plans across the country.

The New York plan is managed by Ascensus and Vanguard and is available to college savers across the country, regardless of where they live. Competing 529 savings plans in Maine, Alaska, California, and Utah also garnered high rankings over multiple measuring periods.

Some 529 savings plans are available without broker fees only to residents of the state sponsoring the plan. Plans from District of Columbia, South Carolina, and Louisiana fall into this category and delivered notable performance for the residents of those states, according to Savingforcollege.com’s rankings.

The top-10 finishers in each measurement period are detailed below.

In producing its quarterly rankings, Savingforcollege.com compares the reported investment performance of a subset of portfolios from 529 savings plans in every state. Portfolios are selected based on their mix of stocks, bonds, and money-market funds, aiming for an apples-to-apples comparison in seven different asset-allocation categories.

“Because of the variety of investment options among competing 529 plans, many college savers are not able to easily compare performance when shopping for a plan,” commented Joseph Hurley, founder of Savingforcollege.com. “They may find our rankings to be helpful in that process.”

Hurley cautions, however, that past performance does not guarantee future returns, and that a plan currently ranking high will not necessarily outperform its peers in the future. "We see some movement in the rankings every quarter, most particularly in one-year performance," he said.

The full reports showing rankings for all direct-sold 529 plans can be viewed at http://www.savingforcollege.com/articles/2015-plan-performance-rankings-q2-330. Savingforcollege.com also produces, for its premium subscribers, separate rankings for advisor-sold 529 plans and for RIA-channel 529 plans, along with the investment data and scoring used in all ranking reports. Please visit http://www.savingforcollege.com/subscriptions/ to sign up for a free trial subscription. Rankings are updated each quarter.

One-year Composite Performance Rankings (55 plans ranked)
1. District of Columbia: DC 529 College Savings Program (Direct-sold) (Calvert funds)
2. New York: New York’s 529 College Savings Program – Direct Plan (Vanguard funds)
3. Maine: NextGen College Investing Plan - Client Direct Series (multiple fund families)
4. Tennessee: TNStars College Savings 529 Program (multiple fund families)
5. South Carolina: Future Scholar 529 College Savings Plan (Direct-sold) (multiple fund families)
6. Louisiana: START Saving Program (mostly Vanguard funds)
7. California: The ScholarShare College Savings Plan (multiple fund families)
8. West Virginia: SMART529 WV Direct College Savings Plan (mostly Vanguard funds)
9. Colorado: Direct Portfolio College Savings Plan (Vanguard funds)
10. Ohio: Ohio CollegeAdvantage 529 Savings Plan (mostly Vanguard funds)

Three-year Composite Performance Rankings (52 plans ranked)
1. District of Columbia: DC 529 College Savings Program (Direct-sold) (Calvert funds)
2. California: The ScholarShare College Savings Plan (multiple fund families)
3. New Jersey: NJBEST 529 College Savings Plan (Franklin Templeton funds)
4. New York: New York’s 529 College Savings Program – Direct Plan (Vanguard funds)
5. Alaska: University of Alaska College Savings Plan (T. Rowe Price funds)
6. Maine: NextGen College Investing Plan - Client Direct Series (multiple fund families)
7. Alaska: T. Rowe Price College Savings Plan (T. Rowe Price funds)
8. West Virginia: SMART529 WV Direct College Savings Plan (mostly Vanguard funds)
9. South Carolina: Future Scholar 529 College Savings Plan (Direct-sold) (multiple fund families)
10. Michigan: Michigan Education Savings Program (TIAA-CREF funds)

Five-year Composite Performance Rankings (44 plans ranked)
1. Maine: NextGen College Investing Plan - Client Direct Series (multiple fund families)
2. Alaska: University of Alaska College Savings Plan (T. Rowe Price funds)
3. District of Columbia: DC 529 College Savings Program (Direct-sold) (Calvert funds)
4. New York: New York’s 529 College Savings Program – Direct Plan (Vanguard funds)
5. Alaska: T. Rowe Price College Savings Plan (T. Rowe Price funds)
6. Utah: Utah Educational Savings Plan (UESP) (mostly Vanguard funds)
7. Florida: Florida 529 Savings Plan (multiple money managers)
8. Michigan: Michigan Education Savings Program (TIAA-CREF funds)
9. Ohio: Ohio CollegeAdvantage 529 Savings Plan (mostly Vanguard funds)
10. South Carolina: Future Scholar 529 College Savings Plan (Direct-sold) (multiple fund families)

Ten-year Composite Performance Rankings (30 plans ranked)
1. Utah: Utah Educational Savings Plan (UESP) Trust (mostly Vanguard funds)
2. Louisiana: START Saving Program (mostly Vanguard funds)
3. Alaska: University of Alaska College Savings Plan (T. Rowe Price funds)
4. New York: New York’s 529 College Savings Program – Direct Plan (Vanguard funds)
5. Alaska: T. Rowe Price College Savings Plan (T. Rowe Price funds)
6. Virginia: Virginia529 InVEST (multiple fund families)
7. Nevada: USAA 529 College Savings Plan (USAA funds)
8. Florida: Florida 529 Savings Plan (multiple money managers)
9. Maryland: College Savings Plans of Maryland -- College Investment Plan (T. Rowe Price funds)
10. District of Columbia: DC 529 College Savings Program (Direct-sold) (Calvert funds)

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Marie Osypian
Saving For College LLC
+1 (585) 286-5426 Ext: 114
Email >
@529Day
since: 05/2013
Follow >
Savingforcollege.com
since: 01/2011
Like >
Follow us on
Visit website