Morningstar, the investment analysis company, gave Missouri’s college savings plan a “neutral” rating today, its fourth-lowest rating of five.
Illinois’ “Bright Start” plans got a “bronze” rating, the third level on the scale.
Plans rated neutral are “not likely to deliver standout returns, but are also unlikely to significantly under perform,” according to Morningstar.
Missouri’s plan is called “Missouri Saving for Tuition,” or MOST. Morningstar rated the MOST plan sold directly to the public. The version sold through advisers wasn’t rated. Read more on St. Louis Post-Dispatch.