College & Career

Oregon

Oregon College Savings Plan
5 Cap Ratings
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Summary

TIAA-CREF took over the management of the Oregon College Savings Plan in March 2010. It features age-based and static portfolio options utilizing mutual funds from a variety of fund families along with a guaranteed investment option from TIAA-CREF.

Program Details
  • Summary: TIAA-CREF took over the management of the Oregon College Savings Plan in March 2010. It features age-based and static portfolio options utilizing mutual funds from a variety of fund families along with a guaranteed investment option from TIAA-CREF.
  • Program type: Savings
  • Program manager: TIAA-CREF Tuition Financing, Inc.
  • State residency requirements: None
  • Maximum contributions: Accepts contributions until all account balances in the program for the same beneficiary reach $310,000.
  • Minimum contributions: With lump-sum contributions, the minimum initial and subsequent contribution is $25 per investment portfolio. With automatic payroll deductions, the minimum contribution level is $15 per investment portfolio per pay period.
  • Age-based investment options: The Age-Based Portfolio option contains 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary ages.
  • Static investment options: Select among 7 multi-fund portfolios (Aggressive, Moderate, Conservative, Diversified U.S. Equity, Diversified International Equity, Diversified Fixed Income and Balanced Index), 6 single-fund portfolios, and the Principal Plus Interest portfolio.
  • Underlying investments: Mutual funds from TIAA-CREF and nine other mutual fund families. The Principal Plus Interest Portfolio provides a return of principal and guaranteed rate of interest under a funding agreement with TIAA-CREF Life Insurance Company.
  • Enrollment or application fee: None.
  • Account maintenance fee: None.
  • Program management fees: 0.25% management fee (includes 0.05% fee to the state); none for the Principal Plus Interest Portfolio.
  • Expenses of the underlying investments: Ranges from 0.07% to 0.50% (portfolio weighted average). None for Principal Plus Interest Portfolio.
  • Total asset-based expense ratio: 0.32% - 0.75%. None for Principal Plus Interest Portfolio.
  • Program match on contributions: None.
  • State tax deduction or credit for contributions: Contributions to an Oregon 529 plan of up to $2,225 (for 2013) by an individual, and up to $4,455 by a married couple filing jointly, are deductible in computing Oregon taxable income, with a four-year carryforward of excess contributions. The limits are to be adjusted each year for inflation. Contribution deadline is April 15 of the following year.
  • Web site: Click here to visit
  • Telephone: 1-866-772-8464
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