The Investment Company Institute website reveals the following information about 529 Plans:
Assets in Massachusetts 529 Savings Plans:
2002 $704 Million
2003 $1.150 Billion
2004 $ 1.557 Billion
2005 $ 1.907 Billion
2006 $2.349 Billion
2007 $2.820Billion
As of 4-21-09 the ICI does not list a valuation for year end 2008. What is important to note is that the 15 basis point fee that the state received for “managing” these assets came to $4,230,000.00.
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