529 Plans Post $97.4B in Assets in Q306

January 30, 2007 (PLANSPONSOR.com) - The assets in Section 529 college savings plans climbed by 4.9% to $97.4 billion during the third quarter of 2006, up from $92.9 billion the quarter before, according to the Investment Company Institute (ICI).

Prepaid plans held $15.2 billion of the assets and savings plans $82.2 billion.

The number of 529 plan accounts increased 2% to nine million, bringing the number of prepaid plan accounts to 2.1 million and savings plan accounts to seven million.

Virgina has the greatest number of 529 plan accounts at 1,428,530, with a combined value of $19.1 billion, followed by Florida, with 1,180,385 accounts totaling $5.7 billion.

For the full ICI data report visit  http://www.ici.org/issues/edu/529s_09-06.html .