4Q 2022 529 and ABLE Market Sizing Highlights
By Paul Curley, CFA | paul.curley@issmarketintelligence.com | February 9, 2023What was the 529 and ABLE market sizing as of 4Q 2022 (December 31, 2022)?
December 2022 Quarterly 529 & ABLE Market Sizing Data
– 16.0 million accounts invested $411 billion in assets in 529 savings and prepaid plans
– 15.1 million accounts invested $388 billion in assets in 529 savings plans
– 0.9 million accounts invested $23 billion in assets in 529 prepaid plans
– 137,145 accounts invested $1.253 billion in assets in ABLE (529A) accounts
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
December 2021 Quarterly 529 & ABLE Market Sizing Data
– 15.7 million accounts invested $480 billion in assets in 529 savings and prepaid plans
– 14.8 million accounts invested $452 billion in assets in 529 savings plans
– 0.9 million accounts invested $28 billion in assets in 529 prepaid plans
– 112,106 accounts invested $1.044 billion in assets in ABLE (529A) accounts
Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net inflows were $1.5 billion in 4Q 2022 compared to net inflows of $4.1 billion in 4Q 2021, net inflows of $4.6 billion in 4Q 2020 and net inflows of $2.7 billion in 4Q 2019, which aligns with continued demand for 529s and more parents successfully using 529s for their intended purpose of qualified education expenses to and through the market and economic volatility in a post-pandemic world in the United States.
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 4Q 2022 Assets
Top 5 529 Savings Plan Program Managers by 4Q 2022 Assets
For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@issmarketintelligence.com.
– 16.0 million accounts invested $411 billion in assets in 529 savings and prepaid plans
– 15.1 million accounts invested $388 billion in assets in 529 savings plans
– 0.9 million accounts invested $23 billion in assets in 529 prepaid plans
– 137,145 accounts invested $1.253 billion in assets in ABLE (529A) accounts
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
December 2021 Quarterly 529 & ABLE Market Sizing Data
– 15.7 million accounts invested $480 billion in assets in 529 savings and prepaid plans
– 14.8 million accounts invested $452 billion in assets in 529 savings plans
– 0.9 million accounts invested $28 billion in assets in 529 prepaid plans
– 112,106 accounts invested $1.044 billion in assets in ABLE (529A) accounts
Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net inflows were $1.5 billion in 4Q 2022 compared to net inflows of $4.1 billion in 4Q 2021, net inflows of $4.6 billion in 4Q 2020 and net inflows of $2.7 billion in 4Q 2019, which aligns with continued demand for 529s and more parents successfully using 529s for their intended purpose of qualified education expenses to and through the market and economic volatility in a post-pandemic world in the United States.
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 4Q 2022 Assets
Top 5 529 Savings Plan Program Managers by 4Q 2022 Assets
For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@issmarketintelligence.com.