Most 529 plans are target date funds timed to when you start college. So it lost a lot of money when the pandemic hit and then moved into its very conservative

Most 529 plans are target date funds timed to when you start college. So it lost a lot of money when the pandemic hit and then moved into its very conservative phase as the market recovered. It also took a big hit in 2008 though I was only a few years into investing at that point.