An investment research firm has once again recognized Missouri’s MOST 529 Savings Plan as one of the best programs in the nation.
Morningstar Investment Research analyzes and assigns ratings to college savings plans across the nation every year based on cost, performance, tax benefits and other factors. This week, Morningstar confirmed the MOST 529 Plan earned and maintained its Silver Medal status.
“Missouri has proved to be a strong steward through thoughtful oversight of the MOST Missouri’s 529 Savings Plan,” said Madeline Hume of Morningstar. “A robust investment process and healthy state resources make this plan one of the country’s better choices.”
The MOST 529 Plan, which is administered by the state treasurer, is a tax-advantaged program that empowers Missourians to save for education. Investments in the plan can be used for various education expenses including K-12 tuition and qualified higher education expenses such as room and board, tuition, books and fees at most four-year colleges as well as many two-year institutions and vocational trade schools.
The MOST 529 Plan offers federal and state tax benefits. There are currently more than 160,000 active MOST accounts with around $3 billion in total assets.
To learn more about MOST 529, visit MissouriMost.org or call 888-414-MOST.