Over the last twelve months, 529 assets have increased by 18.1%.
According to FRC data, the top 529 savings plans by 4Q10 assets are Virginia’s CollegeAmerica, with $29.85 billion in assets; New York’s College Savings Program – Direct, with $9.28 billion; Rhode Island’s CollegeBoundfund, with $7.67 billion; New Hampshire’s UNIQUE College Investing Plan, $6.55 billion; and Maine’s NextGen College Investing Program – Advisor, $5.49 billion.
American Funds, which manages Virginia’s program, was the top 529 program manager by 4Q10 assets with $29.85 billion in assets; followed by Upromise Investments, which manages programs in 11 states, with $26.74 billion in assets. Fidelity, which manages programs in five states ($14.33 billion); AllianceBernstein, which manages the Rhode Island program ($7.67 billion); and TIAA-CREF, which manages programs in 11 states ($7.37 billion), rounded out the top five.More about FRC is at http://wwwfrcnet.com.
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