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BlackRock CollegeAdvantage Advisor 529 Savings Plan
The Ohio BlackRock CollegeAdvantage 529 Plan is an advisor-sold 529 savings program offering five target date investment options, three target-risk options, and 17 single-fund options featuring BlackRock mutual funds, iShares exchange-traded funds, and other fund families. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- State agencyOhio Tuition Trust Authority, an office within the Ohio Department of Higher Education
- Tax deductionTax deduction for single filers $4,000/yrTax deduction for joint filers $4,000/yr
- Program ManagerBlackRock Advisors, LLC
- Program distributorBlackRock Investments, LLC
- Manager contract termUNLOCK PRO
Ratings & Rankings
Our overall rating for non-residents
This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.
Each plan's performance score is developed directly from Savingforcollege.com's Quarterly 529 Performance Rankings. A 529 savings plan must have at least one year of performance history before they will be assigned a 5-cap rating. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans.
State residency requirements:None
Who can be a participant/owner in the program?U.S. citizens and resident aliens, UGMA/UTMA custodians, trusts, and 501(c)(3) organizations.
Significant time or age restrictions imposed by the program:None
Maximum contributions:Accepts contributions until all 529 account balances in Ohio's 529 plans for the same beneficiary reach $462,000.
Minimum contributions:The minimum initial contribution is $25 per investment option and the minimum subsequent contribution is $25.
Age-based investment options:Five Target Date Investment Options are offered. Contributions are placed into the portfolio corresponding to the age of the beneficiary assuming that the year of enrollment is the year the beneficiary will reach the age of eighteen. The portfolios shift to a more conservative investment allocation over time.View more age-based investment options
Static investment options:Select among 3 Target-Risk Investment Options (Aggressive Growth, Growth and Moderate) and 17 Single Strategy Investment Options, including 9 equity portfolios, two balanced portfolios, 5 fixed income portfolios, and a money market portfolio.View more static investment options
Underlying investments:Mutual funds from BlackRock, Rainier, Voya, Wells Fargo and iShares ETFs.View a full list of this plan's investment options
Underlying fund allocations:UNLOCK PRO
Portfolio Fees & Performance LookupUNLOCK PRO
Fees & Expenses
Enrollment or application fee:None, but contributions may be subject to a sales charge depending on share class.
Account maintenance fee:$25 annually; waived if account owner is a resident of Ohio, the balance of all accounts with the same account owner and beneficiary is $25,000 or more, or the account owner makes periodic contributions via Automatic Investment Plan or payroll deduction.
Program management fees:0.14% (includes 0.07% fee to the state), plus distribution/servicing fees of 0.25% (Class A) or 1.00% (Class C).
Expenses of the underlying investments:Ranges from 0.04% to 0.88%.
Total asset-based expense ratio:Class A: 0.43% - 1.27%
Class C: 1.18% - 2.02%
Broker loads and commissions:UNLOCK PRO
Breakpoint pricing:UNLOCK PRO
Does breakpoint pricing include non-529 assets under rights of accumulation policiesUNLOCK PRO
Taxes and other Benefits
- Tax deduction for single filers$4,000/yr
- Tax deduction for joint filers$4,000/yr
Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.