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Oklahoma


Oklahoma College Savings Plan


5 Cap Ratings
(Resident Rating) (Non-Resident Rating)

Summary
Oklahoma College Savings Plan, a TIAA-managed 529 savings program features three age-based options, three equity options, a balanced option, a fixed income option, and a guaranteed option.

Program Details
Summary: Oklahoma College Savings Plan, a TIAA-managed 529 savings program features three age-based options, three equity options, a balanced option, a fixed income option, and a guaranteed option.
Program type: Savings
Program manager: TIAA-CREF Tuition Financing, Inc.
State residency requirements: None
Maximum contributions: Accepts contributions until all account balances in Oklahoma 529 plans for the same beneficiary reach $300,000.
Minimum contributions: The minimum initial contribution is $100 per investment option, and the minimum subsequent contribution is $25 per investment option via bank transfer or $15 per investment option via payroll deduction.
Age-based investment options: Three Managed Allocation Options (Conservative, Moderate, and Aggressive) each contain 6 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age and later reassigned to more conservative portfolios as the beneficiary approaches college age.
Static investment options: Select among 4 multi-fund options (Diversified Equity, Global Equity Index, Balanced, and Fixed Income), 1 individual fund option ( U.S. Equity Index) and the Guaranteed Option.
Underlying investments: TIAA-CREF institutional mutual funds; the Guaranteed Option is invested in a funding agreement with TIAA-CREF Life Insurance Company that guarantees principal and a minimum rate based on the average five-year Constant Maturity Treasury Rate reported by the Federal Reserve.
Enrollment or application fee: None.
Account maintenance fee: None.
Program management fees: 0.40% manager fee. No fee for the Guaranteed Option.
Expenses of the underlying investments: Ranges from 0.12% to 0.24% (portfolio weighted average) in the age-based portfolios, and from 0.07% to 0.52% in the static multi-fund portfolios. None in the Guaranteed Option.
Total asset-based expense ratio: 0.47% - 0.92%. None for the Guaranteed Option.
Program match on contributions: None.,
State tax deduction or credit for contributions: Contributions to an Oklahoma 529 plan, including rollover contributions, of up to $10,000 per year by an individual, and up to $20,000 per year by a married couple filing jointly, are deductible in computing Oklahoma taxable income, with a five-year carryforward of excess contributions. Contribution deadline is April 15 of the following year.
Web site: Click here to visit
Telephone: 1-877-654-7284
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