New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

Ohio


BlackRock CollegeAdvantage 529 Plan


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

Summary
The Ohio BlackRock CollegeAdvantage 529 Plan is an advisor-sold 529 savings program offering three age-based options, three target-risk options, 11 single-fund options featuring BlackRock mutual funds, 3 single-fund options featuring iShares exchange-traded funds, and 3 single-fund options featuring other fund families.

Program Details
Summary: The Ohio BlackRock CollegeAdvantage 529 Plan is an advisor-sold 529 savings program offering three age-based options, three target-risk options, 11 single-fund options featuring BlackRock mutual funds, 3 single-fund options featuring iShares exchange-traded funds, and 3 single-fund options featuring other fund families.
Program type: Savings
Program manager: BlackRock Advisors, LLC
State residency requirements: None
Maximum contributions: Accepts contributions until all 529 account balances in Ohio's 529 plans for the same beneficiary reach $394,000.
Minimum contributions: The minimum initial contribution is $25 per investment option and the minimum subsequent contribution is $25.
Age-based investment options: The Age-Based Options offer a choice between 3 risk levels (Aggressive, Moderate, and Conservative). Each contains 5 age bands comprised of between 13 and 14 underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and the age of the beneficiary. The portfolios shift to a more conservative investment allocation over time.
Static investment options: Select among 3 Target-Risk Investment Options (Aggressive Growth, Growth and Moderate) and 15 Single Strategy Investment Options, including 9 equity portfolios, two balanced portfolios, 5 fixed income portfolios, and a money market portfolio.
Underlying investments: Mutual funds from BlackRock, Rainier, Voya, Wells Fargo and iShares ETFs.
Enrollment or application fee: None, but contributions may be subject to a sales charge depending on share class.
Account maintenance fee: $25 annually; waived if account owner is a resident of Ohio, the balance of all accounts with the same account owner and beneficiary is $25,000 or more, or the account owner makes periodic contributions via Automatic Investment Plan or payroll deduction.
Program management fees: 0.23% (includes 0.04% fee to the state), plus distribution/servicing fees of 0.25% (Class A) or 1.00% (Class C).
Expenses of the underlying investments: Ranges from 0.07% to 1.21%.
Total asset-based expense ratio: Class A: 0.55% - 1.69%
Class C: 1.30% - 2.44%
Program match on contributions: None.
State tax deduction or credit for contributions: Contributions, including rollover contributions, to a Ohio 529 plan of up to $2,000 per beneficiary per year (any filing status) are deductible in computing Ohio taxable income, with an unlimited carryforward of excess contributions. Contribution deadline is December 31.
Web site: Click here to visit
Telephone: 1-866-529-8582
Twitter
Facebook
Compare more 529 plans
     

 

 
 

Powered by Savingforcollege.com
Copyright 2005 Savingforcollege.com, LLC. All Rights Reserved.
Bankrate disclaimer: The following disclaimer (revised only to the extent necessary to maintain consistent defined terms with Bankate.com’s Terms of Use) shall be displayed on or be accessible from the web pages(s) featuring Company’s Web Site Content: “The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.”
College Financing
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
Stafford - in school 4.66%
PLUS loan 7.21%
Private loan 8.30%

RELATED CALCULATORS
  College planning  
  Tax-free savings  
  Financial aid  
  Home equity loan  
VIEW ALL 

BASICS SERIES
College Financing Basics
Where there's a will, there's a way to pay.
The value of a degree
What is a 529 plan?
Getting more financial aid
Paying off student loans
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.