2Q 2022 529 and ABLE Market Sizing Highlights
By Paul Curley, CFA | paul.curley@issmarketintelligence.com | August 10, 2022What was the 529 and ABLE market sizing as of 2Q 2022 (June 30, 2022)?
June 2022 Quarterly 529 Market Sizing Data
– 15.9 million accounts invested $412 billion in assets in 529 savings and prepaid plans
– 15.0 million accounts invested $388 billion in assets in 529 savings plans
– 0.9 million accounts invested $24 billion in assets in 529 prepaid plans
– 126,192 accounts invested $1.108 billion in assets in ABLE (529A) accounts
March 2022 Quarterly 529 Market Sizing Data
– 15.8 million accounts invested $458 billion in assets in 529 savings and prepaid plans
– 14.9 million accounts invested $432 billion in assets in 529 savings plans
– 0.9 million accounts invested $26 billion in assets in 529 prepaid plans
– 119,599 accounts invested $1.112 billion in assets in ABLE (529A) accounts
June 2021 Quarterly 529 Market Sizing Data
– 15.3 million accounts invested $464 billion in assets in 529 savings and prepaid plans
– 14.4 million accounts invested $437 billion in assets in 529 savings plans
– 0.9 million accounts invested $27 billion in assets in 529 prepaid plans
– 100,874 accounts invested $878 million in assets in ABLE (529A) accounts
Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net inflows were $3.8 billion in 2Q 2022 compared to net inflows of $4.7 billion in 2Q 2021 and net inflows of $3.5 billion in 2Q 2020, 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 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 2Q 2022 Assets
Source: ISS Market Intelligence
Top 5 529 Savings Plan Program Managers by 2Q 2022 Assets
Source: ISS Market Intelligence
For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@issmarketintelligence.com.
– 15.9 million accounts invested $412 billion in assets in 529 savings and prepaid plans
– 15.0 million accounts invested $388 billion in assets in 529 savings plans
– 0.9 million accounts invested $24 billion in assets in 529 prepaid plans
– 126,192 accounts invested $1.108 billion in assets in ABLE (529A) accounts
March 2022 Quarterly 529 Market Sizing Data
– 15.8 million accounts invested $458 billion in assets in 529 savings and prepaid plans
– 14.9 million accounts invested $432 billion in assets in 529 savings plans
– 0.9 million accounts invested $26 billion in assets in 529 prepaid plans
– 119,599 accounts invested $1.112 billion in assets in ABLE (529A) accounts
June 2021 Quarterly 529 Market Sizing Data
– 15.3 million accounts invested $464 billion in assets in 529 savings and prepaid plans
– 14.4 million accounts invested $437 billion in assets in 529 savings plans
– 0.9 million accounts invested $27 billion in assets in 529 prepaid plans
– 100,874 accounts invested $878 million in assets in ABLE (529A) accounts
Net Flows (contributions minus withdrawals):
– Estimated 529 savings plan net inflows were $3.8 billion in 2Q 2022 compared to net inflows of $4.7 billion in 2Q 2021 and net inflows of $3.5 billion in 2Q 2020, 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 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 2Q 2022 Assets
Source: ISS Market Intelligence
Top 5 529 Savings Plan Program Managers by 2Q 2022 Assets
Source: ISS Market Intelligence
For questions, commentary or feedback on the data, please contact Paul Curley at paul.curley@issmarketintelligence.com.