In its annual ranking of 529 college-savings plans, Morningstar notes that the plans are getting better: Fund managers are cutting costs, improving investment lineups and adopting glide paths that increase a plan’s fixed-income holdings as students near their college years.
“However, some 529 plans have remained static in light of these trends, causing them to fall behind,” Madeline Hume, manager research analyst at Morningstar, said in a statement.
Ms. Hume cited Nevada’s Vanguard Plan, which she said hadn’t lowered its fees like other plans, and consequently fell in this year’s ranking from a gold rating to a silver rating.
Click through to see all eight 529 plans that were downgraded in Morningstar’s 2019 ranking.
