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.


Age-Based Investment Options

Conservative Managed Allocation Option

Fees and Expenses
Investment Option Direct Plan Manager Fee(2)(3) State Fee Estimated Underlying Mutual Fund Expenses(1) Total Annual Asset-Based Fees(4)
Age Band 0‑3 0.35% None 0.15% 0.50%
Age Band 4‑7 0.35% None 0.16% 0.51%
Age Band 8‑11 0.35% None 0.17% 0.52%
Age Band 12‑14 0.35% None 0.19% 0.54%
Age Band 15‑17 0.35% None 0.22% 0.57%
Age Band 18+ 0.35% None 0.23% 0.58%

Moderate Managed Allocation Option

Fees and Expenses
Investment Option Direct Plan Manager Fee(2)(3) State Fee Estimated Underlying Mutual Fund Expenses(1) Total Annual Asset-Based Fees(4)
Age Band 0‑3 0.35% None 0.13% 0.48%
Age Band 4‑7 0.35% None 0.14% 0.49%
Age Band 8‑11 0.35% None 0.16% 0.51%
Age Band 12‑14 0.35% None 0.17% 0.52%
Age Band 15‑17 0.35% None 0.19% 0.54%
Age Band 18+ 0.35% None 0.21% 0.56%

Aggressive Managed Allocation Option

Fees and Expenses
Investment Option Direct Plan Manager Fee(2)(3) State Fee Estimated Underlying Mutual Fund Expenses(1) Total Annual Asset-Based Fees(4)
Age Band 0‑3 0.35% None 0.12% 0.47%
Age Band 4‑7 0.35% None 0.13% 0.48%
Age Band 8‑11 0.35% None 0.14% 0.49%
Age Band 12‑14 0.35% None 0.16% 0.51%
Age Band 15‑17 0.35% None 0.17% 0.52%
Age Band 18+ 0.35% None 0.19% 0.54%
Guaranteed Investment Option
Fees and Expenses
Investment Option Direct Plan Manager Fee(2)(3) State Fee Estimated Underlying Mutual Fund Expenses(1) Total Annual Asset-Based Fees(4)
Guaranteed(5) None None None None
Multi-Fund Investment Options
Fees and Expenses
Investment Option Direct Plan Manager Fee(2)(3) State Fee Estimated Underlying Mutual Fund Expenses(1) Total Annual Asset-Based Fees(4)
Diversified Equity Option 0.35% None 0.51% 0.86%
Global Equity Index Option 0.35% None 0.12% 0.47%
Balanced Fund Option 0.35% None 0.38% 0.73%
Fixed-Income Option 0.35% None 0.18% 0.53%
Single-Fund Investment Options
Fees and Expenses
Investment Option Direct Plan Manager Fee(2)(3) State Fee Estimated Underlying Mutual Fund Expenses(1) Total Annual Asset-Based Fees(4)
U.S. Equity Index 0.35% None 0.07% 0.42%

(1) 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 date of this Disclosure Booklet 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 such mutual fund’s return.

(2) 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.

(3) Each Investment Option (with the exception of the Guaranteed Option) pays the Direct Plan Manager a fee at an annual rate of 0.40% (40 basis points) of the average daily net assets held by that Investment Option. The Direct Plan Manager fee applies to total assets in the Direct Plan up to $1 billion. If the total market value of the assets in the Direct Plan becomes equal to or greater than $1 billion for a period of at least 90 consecutive days, the Direct Plan Manager fee will be reduced by 0.05% (5 basis points) until such time as the total market value of the assets in the Direct Plan becomes less than $1 billion for a period of at least 90 consecutive days, at which time the Direct Plan manager fee will revert to the amount prior to such reduction.

(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 hypothetical 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, except for the Guaranteed Option, which is assumed to have a 3% 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 shown in the Fee Table.
  • The example does not consider the impact of any potential state or federal taxes on the withdrawal.

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
Conservative Managed Allocation Option
Age Band 0‑3 $51 $161 $280 $629
Age Band 4‑7 $52 $164 $286 $642
Age Band 8‑11 $53 $167 $291 $654
Age Band 12‑14 $55 $174 $302 $678
Age Band 15‑17 $58 $183 $319 $715
Age Band 18+ $59 $186 $325 $727
Moderate Managed Allocation Option
Age Band 0‑3 $49 $154 $269 $605
Age Band 4‑7 $50 $158 $275 $617
Age Band 8‑11 $52 $164 $286 $642
Age Band 12‑14 $53 $167 $291 $654
Age Band 15‑17 $55 $174 $302 $678
Age Band 18+ $57 $180 $314 $703
Aggressive Managed Allocation Option
Age Band 0‑3 $48 $151 $264 $592
Age Band 4‑7 $49 $154 $269 $605
Age Band 8‑11 $50 $158 $275 $617
Age Band 12‑14 $52 $164 $286 $642
Age Band 15‑17 $53 $167 $291 $654
Age Band 18+ $55 $174 $302 $678
Guaranteed Investment Option
Guaranteed $0 $0 $0 $0
Multi-Fund Investment Options
Diversified Equity Option $88 $275 $479 $1,064
Global Equity Index Option $48 $151 $264 $592
Balanced Option $75 $234 $407 $909
Fixed-Income Option $54 $170 $297 $666
Single Fund Investment Options
U.S. Equity Index Option $43 $135 $236 $531