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5 Takeaways on the 529 Savings Plan Landscape

morningstar.com
submitted
a year ago
byjosephtopersonalfinance

Summary

Total plan assets increased 16%, to $441 billion from $385 billion. Average beneficiary has grown older; in June 2023, it reached 14.5. Glide paths became smoother; 81% of all glide paths had less than 10% equity step-downs.

As of 2023 year-end, close to 40% of all plans featured a progressive glide path. The average starting allocation to equity for this group of 62 series remains around 90%. However, the equity allocation closer to target enrollment year decreased substantially. Both direct-sold and advisor-sold plans had their average fees stay steady in 2023.

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3 Comments

4
getthatmoneyyo
a year ago
Love the 529 accounts, just wish it wasn't so easy to overfund
2
theonesource
a year ago
I'm definitely one of these people that have started loading more and more into 529s
1
humboldt
a year ago
How do people find enough to fund all of these accounts?