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Oregon College Savings Plan

Oregon

TIAA-CREF took over the management of this 529 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 Rating)
(Non-Resident Rating)

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Obtain this plan's official enrollment materials by completing our form. It's free and we will forward your details to the program manager. Enroll Today!

General

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.

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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:

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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

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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.

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Investment Options

Age-based investment options:

The Age-Based Portfolio option contains six 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 seven multi-fund portfolios (Aggressive, Moderate, Conservative, Diversified U.S. Equity, Diversified International Equity, Diversified Fixed Income and Balanced Index), six 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.

Investment performance link:

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Fees & Expenses

Enrollment or application fee:

None

Account maintenance fee:

None

Program management fees:

0.35% management fee (includes 0.10% fee to the state); none for the Principal Plus Interest Portfolio.

Expenses of the underlying investments:

Approximate range is 0.09% to 0.81% (portfolio weighted average).

Total asset-based expense ratio:

0.44% - 1.16%; none for Principal Plus Interest Portfolio

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Taxes and other Benefits

Program match on contributions:

None

State tax deduction or credit for contributions:

For 2010, contributions to any of Oregon's 529 plans of up to $4,180 for married taxpayers filing jointly, and $2,090 for all other taxpayers, 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:

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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:

Oregon law exempts qualified distributions from an Oregon 529 plan (via specific exclusion) and from non-Oregon 529 plans (via conformity to the federal tax exclusion).

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:

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Distributions & Terminations

To whom are distributions made payable:

Account owner, beneficiary, or eligible educational institution as directed by the account owner.

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Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

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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:

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Contact

Telephone:

1-866-772-8464

Web site:

Click here to visit

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