The Florida College Investment Plan ranked first among all direct-sold 529 savings plans in one-year and three-year investment performance for the period that ended Dec. 31 in a study by Savingforcollege.com.

Florida's 529 plan, administered by the Florida Prepaid College Board, uses the services of six outside money managers to invest in the plan's five investment options. It is one of the smaller 529 savings programs, with assets of less than $150 million; assets in the direct-sold New York 529 savings program managed by Upromise Investments and Vanguard Group exceed $6 billion.

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