529 Plan Details:
Enter your state:
World's Simplest College Calculator:
How old is your child?
Find a 529 Pro:
Enter your zip code:
Enroll In a 529 Plan:
Ohio CollegeAdvantage Direct 529 Savings Plan
The investment menu in the Ohio CollegeAdvantage 529 Savings Plan
features a set of 3 age-based and 16 static investment options using Vanguard funds, a set of age-based options using Vanguard and DFA funds, 2 DFA static investment options, and 2 types of FDIC-insured deposit accounts through Fifth-Third Bank.
Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories. (Scale 0 to 5; 5 is highest)
Start saving today
Access enrollment materials and open an account with Ohio CollegeAdvantage Direct 529 Savings Plan in just a few easy steps.Enroll Now
Did you know?
Residents are not limited to investing in their own state's plan. Another state may offer a plan that performs better and has lower fees. If there is no tax break offered for in-state investors ... shop around!
Also, the plan chosen does not affect which state the student enrolls in. An investor can live in NY, invest in a plan from NV and send a student to college in FL.
Ohio Tuition Trust Authority, an office within the Ohio Department of Higher Education
Ohio Tuition Trust Authority
Ohio Tuition Trust Authority
Vanguard: through November 4, 2020
Fifth Third Bank: through September 1, 2015 with successive one-year renewals.
DFA contract is open-ended.
U.S. citizens and resident aliens, UGMA/UTMA custodians, trusts, and 501(c)(3) organizations.
Accepts contributions until all 529 account balances in Ohio's 529 plans for the same beneficiary reach $426,000.
$25 ($500 for the Fifth Third CD option).
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 and DFA. Asset allocation is based on the age of the beneficiary and shifts toward more conservative options as the beneficiary approaches college age.
The Vanguard investment options consist of 5 multi-fund portfolios and 11 individual-fund portfolios. The Fifth Third Bank options consist of certificates of deposit and a savings account. The remaining options include an equity fund and a bond fund from DFA.
Vanguard and DFA mutual funds; certificates of deposit and savings accounts from Fifth Third Bank.
Click here, you need Microsoft Excel to open this document.
Click here to visit, link to the program website containing most current performance data.
Fees & Expenses
0.155% manager fee plus 0.02% fee to the state.
Fifth Third options: No fees.
Advantage multi-manager portfolios: Ranges from 0.13% to 0.18%
Vanguard portfolios: Ranges from 0.02% to 0.47%
Fifth Third options: None
0.20% - 0.65%. None for Fifth Third options.
Taxes and other Benefits
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.
Investment time horizon:
18 yrs (i.e. newborn): 0.23% annualized
10 yrs (i.e. 8-yr old): 0.42% annualized
2 yrs (i.e. 16-yr old): 2.12% annualized
Based on 5.392% OH tax rate. (For assumptions see 529 State Tax Calculator.)
The principal portion of nonqualified withdrawals from this plan are included in Ohio taxable income to the extent of prior Ohio tax deductions. Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability, withdrawals made on account of the beneficiary's receipt of a scholarship. Offering materials indicate that distributions subsequently rolled over to another 529 plan are subject to Ohio tax recapture; whether or not "trustee to trustee" rollovers are subject to recapture appears unclear.
Qualified distributions from Ohio and non-Ohio 529 plans are exempt. Ohio also exempts distributions from a Ohio 529 plan attributable to the beneficiary's death, disability, or receipt of a scholarship.
Ohio follows federal tax-free treatment except that outbound rollovers appear subject to the recapture of prior state tax deductions.
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Yes, with the Upromise rewards service.
Under Ohio law, an account in the Ohio 529 savings plan shall not be subject to execution, garnishment, attachment, the operation of bankruptcy or the insolvency laws, or other process of law.
Distributions & Terminations
Eligible educational institution, beneficiary, or account owner, as directed by the account owner.
Accepts requests to transfer account ownership.
Documents, Access & Reporting
Contactvisit Enroll Now
Open an account in just a few easy steps. Start saving today!Enroll Now