General InformationDownload PDF Report
Oklahoma Dream 529 Plan
Oklahoma Dream 529 Plan, an advisor-sold 529 savings plan, managed by TIAA-CREF Tuition Financing, Inc. and Allianz Global Investors Distributors LLC, features 18 mutual fund portfolios from 3 different money managers. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- State agencyOklahoma College Savings Plan Board of Trustees
- Tax deductionTax deduction for single filers $10,000/yrTax deduction for joint filers $20,000/yr
- Program ManagerTIAA-CREF Tuition Financing, Inc. and Allianz Global Investors Distributors LLC
- Program distributorAllianz Global Investors Distributors LLC
- Manager contract termUNLOCK PRO
Ratings & Rankings
Our overall rating for non-residents
This is a very good program that offers valuable benefits but may have some limitations or concerns that investors need to know.
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 or resident aliens at least 18 years old, UGMA/UTMA custodians, and legal entities.
Significant time or age restrictions imposed by the program:None
Maximum contributions:Accepts contributions until all account balances in Oklahoma 529 plans for the same beneficiary reach $300,000.
Minimum contributions:With lump-sum contributions, the minimum initial contribution is $1,000 (with at least $250 per investment option), and the minimum subsequent contribution is $50 per investment option. With the automatic investment plan, the minimum initial contribution is $250 and the minimum contribution level is $50 per investment option per month.
Age-based investment options:The Age-Based option contains 6 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.View more age-based investment options
Static investment options:Select among 2 multi-fund portfolios (Capital Appreciation and Capital Preservation) and 10 individual-fund portfolios.View more static investment options
Underlying investments:Mutual funds manged by Allianz-affiliated companies, PIMCO and TIAA-CREF.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:$5 quarterly for accounts with less than $20,000, waived with automatic contributions, or if total of all accounts with the same account owner equals or exceeds $50,000.
Program management fees:Program manager fee: 0.50%
Servicing and administrative fee: 0.25% (0.10% for PIMCO Short Asset option)
Class A distribution fee: None
Class C distribution fee: 0.75% (none for PIMCO Short Asset option)
Expenses of the underlying investments:Ranges from 0.38% to 0.61% (portfolio weighted average) in the age-based, 0.34% to 0.61% in the static multi-fund portfolios, and from 0.06% to 0.94% in the individual-fund portfolios.
Total asset-based expense ratio:Class A: 0.81% - 1.69%
Class C: 0.89% - 2.44%
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$10,000/yr
- Tax deduction for joint filers$20,000/yr
Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.