A few recent changes among 529 plan providers, some precipitated by volatile market conditions
- Addition of FDIC insured certificates of deposit and bank savings accounts.
- Less exposure to stocks in some age-based allocated funds. For example, average stock exposure for 14-year old beneficiaries dropped to 33% from 39% over a one-year period.
- Introduction of “open architecture”, plans that offer mutual funds managed by outside firms in addition to those from the main manager.
529 plans from six states earned the top performance ranking from Morningstar – Alaska, Maryland, Nevada, Ohio, Utah, and Virginia.
More details can be found at this link: 529 Plans Roll Out New Perks – WSJ