Leading investment research firm names Missouri’s MOST 529 College Savings Plan one of the best in the nation
Wednesday, October 25, 2017
JEFFERSON CITY, MO – A top investment research firm has once again recognized Missouri’s MOST 529 College Savings Plan as one of the best programs in the nation.
Morningstar Investment Research assigns ratings to college savings plans across the nation every year based on cost, performance, tax benefits and more. This week Morningstar confirmed the MOST 529 Plan’s prestigious Silver Medal status.
“Missouri continues to improve MOST-Missouri's 529 College Savings Plan by smoothing the age-based tracks,” writes Heather Larson of Morningstar. “Competent state oversight and a thoughtful investment approach make this plan one of the country's finest.”
The MOST 529 Plan, which is administered by State Treasurer Eric Schmitt, is a tax-advantaged program that empowers Missouri families to save for a child’s higher education. Investments in the plan can be used for expenses like certain room and board costs, tuition, books and fees at most four-year colleges and many two-year institutions and vocational trade schools.
“I’m proud of the work we’re doing to expand and improve the MOST 529 Plan,” said Schmitt. “Morningstar’s praise of the plan is further confirmation that we are moving this powerful program in the right direction.”
The MOST 529 Plan offers federal and state tax benefits, low costs and flexible ways to contribute. There are currently more than 150,000 active MOST accounts with around $2.8 billion in total assets. To learn more about MOST 529, visit MissouriMost.org or call 888-414-MOST (888-414-6678).