The Texas College Savings Plan is a 529 plan administered through the state of Texas and managed by OFI Private Investments Inc., a subsidiary of the financial services firm, OppenheimerFunds, Inc. This plan allows each participant to save for eligible expenses at colleges, universities, technical or graduate schools in Texas, throughout the US and at select schools overseas for the beneficiary of their choice.
A few of the benefits of enrolling in this plan are the tax-advantaged savings and contributions through payroll deduction. Unlike a taxable account, the assets in your plan account can compound tax free, giving you greater potential for growth over the long term. You can also withdraw the money federal tax free as long as it’s used to pay for qualified higher educational expenses.
Getting started is easy, just complete the attached application and employee payroll authorization form and return them to the Benefits Department. We can get you started contributing right away!
A few of the benefits of enrolling in this plan are the tax-advantaged savings and contributions through payroll deduction. Unlike a taxable account, the assets in your plan account can compound tax free, giving you greater potential for growth over the long term. You can also withdraw the money federal tax free as long as it’s used to pay for qualified higher educational expenses.
Getting started is easy, just complete the attached application and employee payroll authorization form and return them to the Benefits Department. We can get you started contributing right away!