- The 529 plans earning medals are a diverse group of direct-sold and advisor-sold plans, but all have a strong menu of investment options, solid management, and reasonable fees. The relatively large number of plans earning medals reflects meaningful improvements across the 529 industry in recent years. Very few plans still include options that have performed poorly due to weak management or extremely high fees. As such, only four of the 64 plans rated earned Negative ratings, with 33 plans earning Neutral ratings. Morningstar did not rate 22 of the industry's smallest plans.
- The remaining two Silver medalists,
CollegeAdvantage
529 Savings Plan of Ohio and Michigan
Education Savings Program, are both direct-sold plans with solid,
inexpensive options. CollegeAdvantage mixes managers and investment styles from
a number of firms, giving college savers a nice variety of options to consider,
all at a fair price. Meanwhile, the Michigan plan offers mostly indexed options
run by TIAA-CREF and historically has been a good deal. The plan will cut its
fees further in 2013 to become one of the cheapest plans in the nation.
Source Morningstar
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