SHORTCUTS

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:

View a list of participating plans

OPTIONS

529 PLANS

Oregon College Savings Plan

Oregon

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.

5-Cap Rating

Resident:
Non-Resident:

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)

Performance Costs Features Reliability Resident Upgrade
2.96 3.96 3.67 4.60 0.30

General

Program type:

Savings

How to enroll:

Enroll directly with the program.

Initial year of operation:

2001, but substantially changed in March 2010.

State agency(ies):

Oregon 529 College Savings Board, chaired by State Treasurer

Program manager:

TIAA-CREF Tuition Financing, Inc.

Program distributor:

TIAA-CREF Tuition Financing, Inc.

Manager contract term:

Premium subscription required for this data.

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens at least 18 years old, emancipated minors, UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:

None.

Contributions

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.

Investment Options

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.

Underlying fund allocations:

Premium subscription required for this data.

Investment performance link:

Premium subscription required for this data.

Portfolio Fees & Performance Lookup

Premium subscription required for this data.

Fees & Expenses

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.

Taxes and other Benefits

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.

Value of in-state tax benefits:

Premium subscription required for this data.

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Oregon taxable income to the extent of prior Oregon tax deductions. Rollovers apparently are not subject to recapture.

State tax treatment of qualified distributions:

Qualified distributions from Oregon and non-Oregon 529 plans are exempt.

State tax treatment of rollovers:

Oregon follows federal tax-free treatment.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

No

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Does the program have a formal agreement with a rewards program or outside scholarship program?

No

Statutory protection of an account from creditors:

Premium subscription required for this data.

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

Yes

Documents and other services accessible or downloadable on the program's public Web site:

Premium subscription required for this data.

Contact

Web site:

Click here to visit

Telephone:

1-866-772-8464

Twitter

Click here to visit

Facebook

Click here to visit

Plan News

State News