Ohio 529 plan

Ohio 529 Plan:

Program match on contributions: None

State tax deduction or credit for contributions: Contributions to any of Ohio's 529 plans of up to $2,000 per beneficiary per year are deductible in computing Ohio taxable income, with an unlimited carryforward of excess contributions. Contribution deadline is December 31.

Age-based investment options: Both the Putnam Age-Based Option and the Vanguard Age-Based Option offer a choice among three different risk levels (Aggressive, Moderate, and Conservative). Under the Putnam Age-Based Option, contributions are allocated among eight mutual funds based on the selected risk level and the age of the beneficiary, and a reallocation occurs every three months until the beneficiary reaches age 21. Under the Vanguard Age-Based Option, contributions are placed into one of five mutual-fund portfolios corresponding to the selected risk level and age of the beneficiary, and reassigned to more conservative portfolios as the beneficiary approaches college age.

Static investment options:The Putnam investment options consist of three multi-fund portfolios (Aggressive Growth, Growth, and Balanced), a stable value investment, and 12 individual-fund portfolios. The Vanguard investment options consist of four multi-fund portfolios and seven individual-fund portfolios. The Fifth Third Bank options consist of certificates of deposit and a savings account.

Single Funds
 * Vanguard Aggressive Growth Index (ER 0.30%)
 * Vanguard Total Stock Market Index Fund (80%)
 * Vanguard Developed Markets Index Fund (20%)


 * Vanguard Growth Index Portfolio (ER 0.30%)
 * Vanguard Total Stock Market Index Fund (60%)
 * Vanguard Institutional Developed Markets Index Fund (15%)
 * Vanguard Total Bond Market Index Fund (25%)


 * Vanguard Moderate Growth Index Portfolio (ER 0.30%)
 * Vanguard Total Stock Market Index Fund (40%)
 * Vanguard Institutional Developed Markets Index Fund (10%)
 * Vanguard Total Bond Market Index Fund (50%)


 * Vanguard Conservative Growth Index Portfolio (ER 0.31%)
 * Vanguard Total Stock Market Index Fund (20%)
 * Vanguard Institutional Developed Markets Index Fund (5%)
 * Vanguard Total Bond Market Index Fund (75%)


 * Vanguard Income Portfolio (ER 0.33%)
 * Vanguard Total Bond Market Index Fund (50%)
 * Vanguard Inflation-Protected Securities Fund (25%)
 * Vanguard Prime Money Market Fund (25%)


 * Vanguard S&P 500 Index Fund (100%) (ER 0.21%)
 * Vanguard Extended Market Index Fund (100%) (ER 0.33%)
 * Vanguard Developed Markets Index Fund (100%) (ER 0.35%)
 * Vanguard Balanced Index Fund (ER 0.34%)
 * Vanguard Total Bond Market Index Fund (100%) (ER 0.31%)
 * Vanguard Inflation Indexed Bond Fund (100%) (ER 0.34%)
 * Vanguard Prime Money Market Fund (100%) (ER 0.34%)

Expenses: 0.23% - 1.32%; None for Fifth Third options


 * Direct link to 529 Plan Site
 * Plan document