1Q 2019 529 and ABLE Market Sizing Highlights
By Paul Curley, CFA | paul.curley@strategic-i.com | May 17, 2019What was the 529 and ABLE market sizing as of 1Q 2019?
March 2019 Quarterly 529 Market Sizing Data
– 14.0 million accounts invested $339 billion in assets in 529 savings and prepaid plans
– 13.0 million accounts invested $316 billion in assets in 529 savings plans
– 1.0 million accounts invested $23 billion in assets in 529 prepaid plans
– 40,422 accounts invested $223.8 million in assets in ABLE (529A) accounts
December 2018 Quarterly 529 Market Sizing Data
– 13.9 million accounts invested $311 billion in assets in 529 savings and prepaid plans
– 12.9 million accounts invested $289 billion in assets in 529 savings plans
– 1.0 million accounts invested $22 billion in assets in 529 prepaid plans
– 34,707 accounts invested $171.7 million in assets in ABLE (529A) accounts
Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net inflows were $2.6 billion in 1Q 2019 compared to net inflows of $4.0 billion in 1Q 2018 and net inflows of $3.2 billion in 1Q 2017, which aligns with steady demand for 529s and more parents successfully using 529s for their intended purpose of qualified higher education expenses (tuition, books and room & board).
From an industry asset level and account perspective, 529 saving plans continue to grow and help even more families. Therefore investor interest in 529 college savings plans and saving for education in an efficient manner in terms of tax, financial aid and estate planning continues to rise, and especially as part of year-end tax planning and college financial planning.
Top 10 529 Savings Plans by 1Q 2019 Assets
Source: Strategic Insight
Top 5 529 Savings Plan Program Managers by 1Q 2019 Assets
Source: Strategic Insight
For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@strategic-i.com or 857-222-3730.
– 14.0 million accounts invested $339 billion in assets in 529 savings and prepaid plans
– 13.0 million accounts invested $316 billion in assets in 529 savings plans
– 1.0 million accounts invested $23 billion in assets in 529 prepaid plans
– 40,422 accounts invested $223.8 million in assets in ABLE (529A) accounts
December 2018 Quarterly 529 Market Sizing Data
– 13.9 million accounts invested $311 billion in assets in 529 savings and prepaid plans
– 12.9 million accounts invested $289 billion in assets in 529 savings plans
– 1.0 million accounts invested $22 billion in assets in 529 prepaid plans
– 34,707 accounts invested $171.7 million in assets in ABLE (529A) accounts
Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net inflows were $2.6 billion in 1Q 2019 compared to net inflows of $4.0 billion in 1Q 2018 and net inflows of $3.2 billion in 1Q 2017, which aligns with steady demand for 529s and more parents successfully using 529s for their intended purpose of qualified higher education expenses (tuition, books and room & board).
From an industry asset level and account perspective, 529 saving plans continue to grow and help even more families. Therefore investor interest in 529 college savings plans and saving for education in an efficient manner in terms of tax, financial aid and estate planning continues to rise, and especially as part of year-end tax planning and college financial planning.
Top 10 529 Savings Plans by 1Q 2019 Assets
Source: Strategic Insight
Top 5 529 Savings Plan Program Managers by 1Q 2019 Assets
Source: Strategic Insight
For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@strategic-i.com or 857-222-3730.