3Q 2020 529 and ABLE Market Sizing Highlights
By Paul Curley, CFA | paul.curley@issmarketintelligence.com | November 13, 2020What was the 529 and ABLE market sizing as of 3Q 2020?
September 2020 Quarterly 529 Market Sizing Data
– 14.7 million accounts invested $387 billion in assets in 529 savings and prepaid plans
– 13.7 million accounts invested $361 billion in assets in 529 savings plans
– 1.0 million accounts invested $26 billion in assets in 529 prepaid plans
– 75,479 accounts invested $538.3 million in assets in ABLE (529A) accounts
June 2020 Quarterly 529 Market Sizing Data
– 14.7 million accounts invested $373 billion in assets in 529 savings and prepaid plans
– 13.7 million accounts invested $348 billion in assets in 529 savings plans
– 1.0 million accounts invested $25 billion in assets in 529 prepaid plans
– 69,254 accounts invested $469.4 million in assets in ABLE (529A) accounts
Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net outflows were $3.6 billion in 3Q 2020 compared to net outflows of $3.9 billion in 3Q 2019, 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 3Q 2020 Assets
Source: ISS Market Intelligence
Top 5 529 Savings Plan Program Managers by 3Q 2020 Assets
Source: ISS Market Intelligence
For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@issmarketintelligence.com.
– 14.7 million accounts invested $387 billion in assets in 529 savings and prepaid plans
– 13.7 million accounts invested $361 billion in assets in 529 savings plans
– 1.0 million accounts invested $26 billion in assets in 529 prepaid plans
– 75,479 accounts invested $538.3 million in assets in ABLE (529A) accounts
June 2020 Quarterly 529 Market Sizing Data
– 14.7 million accounts invested $373 billion in assets in 529 savings and prepaid plans
– 13.7 million accounts invested $348 billion in assets in 529 savings plans
– 1.0 million accounts invested $25 billion in assets in 529 prepaid plans
– 69,254 accounts invested $469.4 million in assets in ABLE (529A) accounts
Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net outflows were $3.6 billion in 3Q 2020 compared to net outflows of $3.9 billion in 3Q 2019, 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 3Q 2020 Assets
Source: ISS Market Intelligence
Top 5 529 Savings Plan Program Managers by 3Q 2020 Assets
Source: ISS Market Intelligence
For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@issmarketintelligence.com.