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.  
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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 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 
  • Alliance Bernstein 

 

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