Home / Today's Top Stories / N.Y.’s 529 plan ranks fifth in study

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.

(c) 2009 Rochester Business Journal. Obtain permission to
reprint this article.

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.

 

x

Check Also

An $8.2 million recapitalization of Hickey Freeman will create a new product line and add 80 jobs to the Rochester workforce (photo by Kevin Oklobzija).

Hickey Freeman, with state investment of $4M, adding 80 jobs, new apparel brand (access required)

Hickey Freeman, the iconic Rochester men's clothier, received an $8.2 million birthday present on Wednesday that company executives and government ...

Bergmann has been awarded a three-year contract by the New York State Office of General Services. Bergmann's design team has done work on state projects for more than 20 years, including roof replacement and exterior stair rehabilitation at the historic Empire State Plaza in Albany (provided photo).

Bergmann awarded state design contract (access required)

Bergmann, the Rochester-based architecture, engineering and planning firm, has been awarded a three-year contract to provide design services to the ...