Schooling platform Savingforcollege.com not too long ago launched its annual rankings for state-sponsored 529 plans.
This 12 months’s version of the rankings used a brand new methodology based mostly on 4 classes to find out the general attractiveness of every plan on a five-point scale:
Efficiency: Historic funding returns of the plan.
Ease of Use: The convenience of opening, sustaining and utilizing the plan.
Financial savings Success: How properly a plan’s options assist buyers optimize their financial savings. Together with each constructive elements, equivalent to on-line gifting or planning instruments and financial savings detractors like charges.
Program Supply: How properly the plan is positioned to carry out reliably sooner or later based mostly on standards together with program supervisor tenure, contract uncertainty and plan high quality monitoring.
Focusing solely on the advisor-sold plans, high performers embrace choices from BlackRock Advisors, T. Rowe Value, Hartford Funds and Putnam.
Listed below are the highest performing advisor-sold 529 plans for 2024:
