Missouri State Treasurer Scott Fitzpatrick has announced that MOST, Missouri’s 529 Education Plan, has reached more than $4 billion in assets under management, a major milestone for the state’s 529 plan.

MOST, Missouri’s 529 Education Plan, is a tax-advantaged savings plan for education expenses. Money in MOST accounts can be used to pay for K-12 tuition and trade, college and graduate-school tuition and expenses. Contributions are eligible for state tax deductions, which can save families up to $864 a year, and assets in MOST 529 accounts grow tax free.

The plan currently has $4,025,257,418.59 in assets under management, an increase of over one billion dollars since Treasurer Fitzpatrick took office in January 2019. More than 180,000 Missourians are saving for education in the MOST plan, with over 30,000 accounts opened since 2019.

In 2020, Treasurer Fitzpatrick announced changes to the MOST 529 Plan that saved Missourians millions of dollars in program management fees. MOST received a Silver rating from Morningstar, an investment research company, making it one of the highest ranking plans in the country.

More information about MOST 529 can be found at MissouriMost.org.