Close Close

Portfolio > Asset Managers

Survey%3A 529 Plan Assets Soar

Your article was successfully shared with the contacts you provided.

Assets in 529 college savings plans rose to $59 billion at the end of the second quarter, up from $42 billion a year earlier.[@@]

The College Savings Foundation, Washington, has published the latest asset total in a report based on data from Financial Research Corp., Boston.

FRC bases its 529 plan statistics on survey responses from companies that collect about 33% of 529 plan assets.

Professionally managed “age-based portfolios” of mutual funds, or portfolios that shift toward more conservative investments as participants age, held 70% of 529 plan assets, and fixed-income portfolios held 24% of assets, according to FRC researchers.

Plan owners have invested only 6% of the plan assets in individual mutual funds.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.