my529 receives top industry honors

my529’s mission is to help families put aside funds for future qualified education expenses. So, it’s with pride that we announce that my529 is again one of the nation’s top 529 plans, named in October by Morningstar as one of five plans to receive the Analyst Rating™ of Gold for 2024.

my529 has earned Morningstar’s top rating for 14 years in a row.

In their annual industry report, Morningstar evaluated 59 plans for their underlying investment quality and selection process, asset allocation methodology, investment team and state oversight. For Gold-rated plans like my529, distinguishing factors included investment option design, state stewardship and low costs.

Morningstar Research Services LLC, a leading provider of independent investment research, is a subsidiary of Morningstar Inc.

The Morningstar analysts praised my529’s investment offerings and low-priced options. They highlighted my529’s knowledgeable investment team, effective governance, and experienced circle of board members, advisors and consultants as integral to the plan’s success.

“We are proud to be a 529 plan that helps so many families across the country in their pursuit of education,” said Richard Ellis, my529 executive director. “We appreciate Morningstar’s acknowledgement of our team’s efforts this year.”

A Morningstar Analyst Rating™ 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. Analyst ratings are based on Morningstar analysts’ current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its analyst ratings to be guarantees.

Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.