Over the last twelve months, 529 assets have increased by 18.5%.
Virginia’s CollegeAmerica Plan, administered by American Funds, was the top 529 Plan by assets as of March 31, 2011, with $31.5 billion, FRC data showed. New York’s College Savings Program – Direct, administered by UPromise Investments followed distantly with assets of $9.9 billion, and Rhode Island’s CollegeBoundfund, administered by AllianceBernstein was third, with $7.9 billion.
The top five 529 Plan program managers were American Funds, serving Virginia, with $31.5 billion in assets as of March 31, 2011; UPromise Investments, serving 11 states, with $28.5 billion; Fidelity, serving five states, with $15.1 billion; AllianceBernstein, serving Rhode Island, with $7.9 billion; and TIAA-CREF, serving 11 states, with $7.8 billion.More information can be found at http://www.frcnet.com.
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