Oklahoma 529 College Savings Plan (OCSP)

Fees & Expenses

The information below describes the fees and expenses that you would pay if you contribute to a particular investment option in the Oklahoma 529 College Savings Plan (OCSP). These fees are indirectly paid out of the assets of your account. Except for the fees listed below, there are currently no other fees, charges or penalties imposed by or payable to the Plan in connection with opening or maintaining an account.


Enrollment Year Investment Option
Fees and Expenses
Investment Option Direct Plan
Manager Fee(1)(2)
Oklahoma
Administrative
Fee(1)(3)
Estimated Expenses of an Investment Option’s Underlying Investments(3) Total Annual Asset-Based Fees(4)
2038/2039 Enrollment Option 0.25% None 0.11% 0.36%
2036/2037 Enrollment Option 0.25% None 0.11% 0.36%
2034/2035 Enrollment Option 0.25% None 0.11% 0.36%
2032/2033 Enrollment Option 0.25% None 0.11% 0.36%
2030/2031 Enrollment Option 0.25% None 0.12% 0.37%
2028/2029 Enrollment Option 0.25% None 0.12% 0.37%
2026/2027 Enrollment Option 0.25% None 0.12% 0.37%
2024/2025 Enrollment Option 0.25% None 0.12% 0.37%
2022/2023 Enrollment Option 0.25% None 0.09% 0.34%
In School Option 0.25% None 0.07% 0.32%
Risk-Based Options
Fees and Expenses
Investment Option Direct Plan
Manager Fee(1)(2)
Oklahoma
Administrative
Fee(1)(3)
Estimated Expenses of an Investment Option’s Underlying Investments(3) Total Annual Asset-Based Fees(4)
Diversified Equity Option 0.25% None 0.32% 0.57%
Global Equity Index Option 0.25% None 0.14% 0.39%
U.S. Equity Index Option 0.25% None 0.05% 0.30%
Balanced Option 0.25% None 0.29% 0.54%
Fixed-Income Option 0.25% None 0.17% 0.42%
Guaranteed Option
Fees and Expenses
Investment Option Direct Plan
Manager Fee(1)(2)
Oklahoma
Administrative
Fee(1)(3)
Estimated Expenses of an Investment Option’s Underlying Investments(3) Total Annual Asset-Based Fees(4)
Guaranteed Option(5) N/A N/A N/A N/A

(1)Although the Direct Plan Manager Fee is deducted from an Investment Option, not from your Account, each Account in the Investment Option indirectly bears its pro rata share of the Direct Plan Manager Fee as this fee reduces the Investment Option’s return.

(2)Each Investment Option (with the exception of the Guaranteed Option) pays the Direct Plan Manager a fee at an annual rate of 0.25% (25 basis points) of the average daily net assets held by that Investment Option.

(3)The percentages set forth in this column are based on the expense ratios of the mutual funds in which an Investment Option invests. The percentages are calculated using the expense ratio reported in each mutual fund’s most recent prospectus available prior to the printing of this Supplement and are weighted according to the Investment Option’s allocation among the mutual funds in which it invests. Although these expenses are not deducted from an Investment Option’s assets, each Investment Option (other than the Guaranteed Option, which does not invest in mutual funds) indirectly bears its pro rata share of the expenses of the mutual funds in which it invests, as these expenses reduce each such mutual fund’s return.

(4)These figures represent the estimated weighted annual expense ratios of the mutual funds in which the Investment Options invest plus the fee paid to the Direct Plan Manager.

(5)The Guaranteed Option does not pay a Direct Plan Manager Fee. TIAA-CREF Life Insurance Company (“TIAA-CREF Life”), the issuer of the funding agreement in which this Investment Option invests and an affiliate of TFI, makes payments to the Direct Plan Manager. This payment, among many other factors, is considered by the issuer when determining the interest rate(s) credited under the funding agreement.

The example in the following table is intended to help you compare the cost of investing in the different Investment Options over various periods of time. This example assumes that:

  • You invest $10,000 in an Investment Option for the time periods shown below.
  • Your investment has a 5% compounded return each year.
  • You withdraw the assets from the Investment Option at the end of the specified periods for Qualified Higher Education Expenses.
  • Total Annual Asset-Based Fees remain the same as those shown in the Fee Table above.

Although your actual costs may be higher or lower, based on the above assumptions, your costs would be:

Investment Cost Example
Investment Options Approximate Cost of $10,000 Investment
  1 Year 3 Years 5 Years 10 Years
Enrollment Year Investment Options
2038/2039 Enrollment Option $37 $116 $202 $456
2036/2037 Enrollment Option $37 $116 $202 $456
2034/2035 Enrollment Option $37 $116 $202 $456
2032/2033 Enrollment Option $37 $116 $202 $456
2030/2031 Enrollment Option $38 $119 $208 $469
2028/2029 Enrollment Option $38 $119 $208 $469
2026/2027 Enrollment Option $38 $119 $208 $469
2024/2025 Enrollment Option $38 $119 $208 $469
2022/2023 Enrollment Option $35 $109 $191 $431
In School Option $33 $103 $180 $406
Risk-Based Options
Diversified Equity Option $58 $183 $319 $715
Global Equity Index Option $40 $126 $219 $494
U.S. Equity Index Option $31 $97 $169 $381
Balanced Option $55 $174 $302 $678
Fixed-Income Option $43 $135 $236 $531
Guaranteed Option
Guaranteed Option N/A N/A N/A N/A

316284