PFPC Inc. has captured business for five additional 529 college savings plans: North Carolina, Oregon, Wisconsin, South Dakota and Montana. That roster adds to the half-dozen plans the Wilmington, Del.-based firm already services.

Collectively, 167,000 shareholders have only $900 million in assets housed within those plans, averaging to less than $5,500 per shareholder. Nevertheless, PFPC cited a study that estimates growth in total 529 assets to $51 billion by 2006.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.