"Weve achieved success in the 529 marketplace because weve developed a unique, attractive product with a great diversity of investment options," said Richard A. Davies, executive vice president and head of mutual fund marketing for AllianceBernstein.
This makes AllianceBernsteins Rhode Island plan the largest single-state 529, according to the company.
"Not only does this milestone reinforce our stature as a leader in the industry, it strengthens our belief that 529 plans are simply the best way to save for a childs higher education," Davies said.