Are there any fees associated with opening a OCSP account?
With OCSP, there are no sales charges, start-up or maintenance fees. TIAA-CREF, Tuition Financing, Inc. (TFI) is paid an annual asset-based management fee to cover the cost of investment management, and administrative services. TFI is an affiliate of TIAA-CREF Individual & Institutional Services, LLC, the distributor for OCSP. For the Managed Allocation Option, Diversified Equity Option, 100% Equity Option, Balanced Option and Fixed Income Option, the Program Manager fee is 0.65 percent (less than one percent) of the average daily net assets so invested, plus the specific investment management fees for the underlying Mutual Funds. For the Guaranteed Option, TFI is paid a separate expense fee. See fee table and sample investment cost. Please note, however, that the State reserves the right to change the current fee and impose new or additional fees, expenses, charges, or penalties in the future. How do I keep track of my account? You have online access to your account information 24 hou
