Gold every step of the way

my529 earns 2022 Morningstar Gold rating

In November, Morningstar released its annual 529 industry report naming Utah’s plan as one of only two plans to earn the Analyst Rating™ of Gold.

What does a Gold rating for my529 mean for account owners?

Industry and consumer confidence

Morningstar rated 54 plans in 2022 for their investment team, asset allocation methodology, underlying investment quality and selection process, oversight, and fees. Morningstar Research Services LLC is a leading provider of independent investment research.

my529 has earned Morningstar’s top rating for 12 consecutive years, longer than any other 529 plan. That’s the time it takes for a first-grader to have grown up, graduated from high school, and enrolled in college, university or technical college—and covered qualified education expenses with their my529 account.

Twelve years of recognition underscores my529’s dedication to its account owners and beneficiaries.

Solid investment options, low costs and exceptional oversight

Investment option design, state oversight and low fees distinguished Gold-rated plans from their peers.

Analysts highlighted my529’s Enrollment Date options, where an aggressive investment allocation gradually becomes more conservative as the beneficiary ages, and the Customized Age-Based option, where account owners can design their own portfolio.

Morningstar acknowledged the consistent efforts of Gold-rated plans to keep fees low for account owners.

Recognition for oversight can assure you the plan is well-managed.

What it means to us

my529 keeps account owners’ best interests in mind. We strive to provide a high-quality, low-cost plan that helps account owners invest for the education expenses of the people who matter most to them. We’re proud to be on this journey with you as you help your beneficiaries achieve their dreams.

A Morningstar Analyst RatingTM for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.

Morningstar acknowledged the consistent efforts of Gold-rated plans to keep fees low for account owners.

my529 has earned Morningstar's Analyst Rating of Gold for 2022.