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N.Y.’s 529 plan ranks fifth in study

New York’s 529 College Savings Program ranked fifth among 52 direct-sold plans in one-year investment performance for the quarter ended June 30, a study released Monday by Perinton-based Savingforcollege.com LLC said.
The New York plan uses underlying investments from the Vanguard Group Inc. portfolio of funds.
Kansas’ Schwab 529 College Savings Plan ranked first in performance for one year and five years, the study found. South Carolina’s Future Scholar 529 College Savings Plan ranked first in three-year investment performance.
“The second quarter of 2009 was a period of strong recovery for many 529 plans,” Savingforcollege.com founder Joseph Hurley said in a statement. “Just as with IRAs, accounts invested at least partially in stocks regained some of the value lost over the many months since 2007.”
Hurley founded Savingforcollege.com in 2000 as a spinoff from Bonadio & Co. LLP. He sold it to online financial rate provider Bankrate Inc. in December 2007.

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N.Y.’s 529 plan ranks fifth in study

New York’s 529 College Savings Program ranked fifth among 52 direct-sold plans in one-year investment performance for the quarter ended June 30, a study released Monday by Perinton-based Savingforcollege.com LLC said.    

    

The New York plan uses underlying investments from the Vanguard Group Inc. portfolio of funds.

    

Kansas’ Schwab 529 College Savings Plan ranked first in performance for one year and five years, the study found. South Carolina’s Future Scholar 529 College Savings Plan ranked first in three-year investment performance.

   

“The second quarter of 2009 was a period of strong recovery for many 529 plans,” Savingforcollege.com founder Joseph Hurley said in a statement. “Just as with IRAs, accounts invested at least partially in stocks regained some of the value lost over the many months since 2007.”

    

Hurley founded Savingforcollege.com in 2000 as a spinoff from Bonadio & Co. LLP. He sold it to online financial rate provider Bankrate Inc. in December 2007.

 

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