MFS Investment Management's 529 plans have eclipsed the $1 billion plateau, the company announced, thanks to what it calls "a wide range of investment choices, gifting and estate tax benefits, and MFS investment management expertise."

Beside managing an Oregon 529 plan sold by brokers, MFS is involved with 10 other state-sponsored plans, including ones in Colorado, West Virginia and Washington. The nation's oldest mutual fund firm credits its 529 success to its offering of three distinct paths for investors: age-based, built in allocation, and customized.

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