3Q 2022 529 and ABLE Market Sizing Highlights

By Paul Curley, CFA | paul.curley@issmarketintelligence.com | November 11, 2022

What was the 529 and ABLE market sizing as of 3Q 2022 (September 30, 2022)?

September 2022 Quarterly 529 & ABLE Market Sizing Data
– 15.9 million accounts invested $388 billion in assets in 529 savings and prepaid plans
– 15.0 million accounts invested $365 billion in assets in 529 savings plans
– 0.9 million accounts invested $23 billion in assets in 529 prepaid plans
– 131,436 accounts invested $1.133 billion in assets in ABLE (529A) accounts

June 2022 Quarterly 529 & ABLE Market Sizing Data
– 15.9 million accounts invested $413 billion in assets in 529 savings and prepaid plans
– 15.0 million accounts invested $389 billion in assets in 529 savings plans
– 0.9 million accounts invested $24 billion in assets in 529 prepaid plans
– 126,192 accounts invested $1.109 billion in assets in ABLE (529A) accounts

September 2021 Quarterly 529 & ABLE Market Sizing Data
– 15.4 million accounts invested $458 billion in assets in 529 savings and prepaid plans
– 14.5 million accounts invested $431 billion in assets in 529 savings plans
– 0.9 million accounts invested $27 billion in assets in 529 prepaid plans
– 105,478 accounts invested $0.937 billion in assets in ABLE (529A) accounts

Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net outflows were $5.4 billion in 3Q 2022 compared to net outflows of $4.4 billion in 3Q 2021 and net outflows of $3.6 billion in 3Q 2020, which aligns with steady demand for 529s and more parents successfully using 529s for their intended purpose of qualified education expenses.

From an industry asset and account level perspective, 529 saving plans continue to grow and help even more families. Therefore, investor interest in 529 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 3Q 2022 Assets

 Source: ISS Market Intelligence

Top 5 529 Savings Plan Program Managers by 3Q 2022 Assets

Source: ISS Market Intelligence

For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@issmarketintelligence.com.