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Ohio


Ohio CollegeAdvantage 529 Savings Plan


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

Summary
The investment menu in the Ohio CollegeAdvantage 529 Savings Plan features a set of 3 age-based and 14 static investment options using Vanguard funds, another set of 1 age-based and 3 static investment options using multiple fund families, and 2 types of FDIC-insured deposit accounts through Fifth-Third Bank.

Program Details
Summary: The investment menu in the Ohio CollegeAdvantage 529 Savings Plan features a set of 3 age-based and 14 static investment options using Vanguard funds, another set of 1 age-based and 3 static investment options using multiple fund families, and 2 types of FDIC-insured deposit accounts through Fifth-Third Bank.
Program type: Savings
Program manager: Ohio Tuition Trust Authority
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: $25 ($500 for the Fifth Third CD option).
Age-based investment options: 2 separate age-based options are offered. The Vanguard Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, and Conservative). Contributions are placed into one of 5 mutual-fund portfolios corresponding to the selected risk level and age of the beneficiary, and reassigned to more conservative portfolios as the beneficiary approaches college age. The Advantage Age-Based Option invests in 4 distinct asset class portfolios made up of existing CollegeAdvantage equity and fixed-income options with funds from Vanguard, PIMCO, and GE Asset Management. Asset allocation is based on the age of the beneficiary and shifts toward more conservative options as the beneficiary approaches college age.
Static investment options: The Vanguard investment options consist of 5 multi-fund portfolios and 9 individual-fund portfolios. The Fifth Third Bank options consist of certificates of deposit and a savings account. The remaining options include 2 PIMCO fixed-income funds, and an international option managed by GE Asset Management.
Underlying investments: Vanguard, PIMCO, and GE Asset Management mutual funds; certificates of deposit and savings accounts from Fifth Third Bank.
Are program benefits backed by the full faith and credit of the state? No
Enrollment or application fee: None.
Account maintenance fee: None.
Program management fees: 0.155% manager fee plus 0.04% fee to the state.

Fifth Third options: No fees.

Expenses of the underlying investments: Advantage multi-manager portfolios: Ranges from 0.19% to 0.31%
Vanguard portfolios: Ranges from 0.02% to 0.27%
PIMCO: Ranges from 0.46% to 0.55%
GE Asset Management: 0.55%
Fifth Third options: None
Total asset-based expense ratio: 0.22% - 0.75%. None for Fifth Third options.
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: 1-800-233-6734
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