Opening an account

Anyone with a valid Social Security number or taxpayer identification number can open an Oklahoma 529 account. Accounts can be opened online or give us a call at 1-877-654-7284 to request an enrollment kit.

There are no sales charges, startup or maintenance fees associated with Oklahoma 529 accounts. For details on total annual asset-based fees, comprised of the underlying investment expenses for each investment option, the plan manager fee and state administration fee, review the individual investment options .

Yes. Whether you have recently moved to the state, have an underperforming or higher-cost 529 plan, or just want to simplify, consolidating 529 accounts into Oklahoma 529 is easy. You can transfer funds from another 529 plan to your Oklahoma 529 account for the same beneficiary once within a 12-month period without incurring tax penalties. Oklahoma residents can deduct a 529 rollover from current year income tax up to $20,000 per year for a joint return or $10,000 per year for a single return. Any excess funds may be deducted over the following five tax years.

Consolidating education savings into Oklahoma 529 also gives you a single view of your savings and performance as well as single-step payments to colleges, universities, CareerTech, K-12 schools, etc.

You may also save money that can go right back into your college fund. Oklahoma 529 expenses are less than half the national average for 529 Plans. 1 You pay no sales charges, start up or maintenance fees.

The 529 plan from which you are transferring funds may be subject to different features, costs and surrender charges. As such, you should consult your tax advisor or the other 529 college savings plan prior to making any decisions. For more information, see How to manage an incoming rollover from another 529 saving plan account .