my529 earns top industry rating for 15th consecutive year

FOR IMMEDIATE RELEASE:

Contact: Bryn Ramjoue’, Marketing Director, 801.321.7110, press@my529.org

November 13, 2025

my529 earns top industry rating for 15^th consecutive year

Utah’s educational savings plan receives Gold rating for 2025

(Salt Lake City) my529, Utah’s 529 educational savings plan, has once again been named as one of the top 529 plans in the country, a distinction the plan has earned for 15 consecutive years. This is an accomplishment no other 529 plan can claim.

In its annual 529 industry report, released this year on November 10, Morningstar named my529 as one of only five plans to receive the sought-after Analyst Rating™ of Gold. Morningstar Research Services LLC, a leading provider of independent investment research, is a subsidiary of Morningstar Inc.

Read Morningstar’s 529 industry report.

Morningstar evaluated 59 plans for their underlying investment quality and selection process, investment team, asset allocation methodology and oversight. Gold-rated plans stand out from their peers for their thoughtful investment option construction, knowledgeable investment teams, plan oversight and low costs.

Analysts commended my529’s diversified, low-cost investment offerings, particularly the Target Enrollment Date investment options, where the glide path gradually moves from an aggressive to a more conservative allocation as the beneficiary ages. The report also highlighted my529’s Customized Age-Based portfolio, which allows investment-savvy account owners or their advisors to design an individualized approach from an array of underlying funds.

A separate, state-focused article emphasized my529’s robust Static menu, which features 10 portfolios across the risk spectrum and includes more conservative offerings in a stable value investment option and an FDIC-insured savings account. Additionally, the report mentioned the plan’s low fees, the capability and tenure of the investment team, and the expertise of my529’s board members, advisors and consultants.

Morningstar noted the recent change in my529 leadership — with former executive director Richard K. Ellis retiring in the spring — and praised the smooth transition. New executive director Mark M. Cain, formerly the deputy executive director of Utah Retirement Systems, took the helm in April 2025, and overlapped with Ellis beginning in February. Ellis’ experience and institutional knowledge will be preserved as he now sits on my529’s oversight board. Prior to his appointment as executive director, Cain served on the board for 18 months.

“It has been my honor to join an organization committed to excellence, with 2026 marking the plan’s 30^th anniversary of helping families invest for their educational journeys,” Cain said. “We are pleased Morningstar consistently recognizes my529 for its efforts to deliver a high-quality, low-cost savings plan.”

With more than 612,000 accounts and $29.2 billion in assets under management, my529 is the third-largest direct-sold 529 plan by assets in the country. Data as of November 11, 2025.

About my529

my529 is Utah’s official nonprofit 529 educational savings plan.

Accounts are free to open, and my529 requires no minimum deposit or account balance. my529’s user-friendly website, my529.org, makes it easy to open, manage and contribute to an account online.

To learn more, visit my529.org, call toll-free at 800.418.2551, or email info@my529.org.

Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that includes FDIC-insured accounts as an underlying investment.

The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

my529 does not provide legal, financial, investment or tax advice. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

A Morningstar Analyst Rating^TM 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 Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.