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MFS® 529 Savings Plan

Overview

Investment Options & Pricing

Performance

Gifting Features & Tax Advantages

Forms & Related Resources

Overview

The MFS 529 Savings Plan was designed to offer a wide range of investment choices, gifting and estate tax benefits, as well as quality service. And, of course, the investment management expertise of MFS Investment Management.

Life Lessons - MFS 529 Savings Plan Presentation

Investment Options & Pricing

  • Investment Options

  • Underlying Fund Allocations

  • CUSIP/Ticker Summary

  • Plan Pricing

Investment Options

Investment Options

An MFS 529 Savings Plan offers a variety of investment choices, as well as two investment paths.

Enrollment Year Investment Option

Similar to target date funds used by retirement plans, enrollment year Investment options provide investors with the option to choose an investment option based on beneficiary’s expected college enrollment year or the date when money will be needed for tuition and other qualified education expenses. The investment's focus gradually shifts from seeking asset growth to capital preservation, automatically adjusting as the beneficiary moves closer to college age.

The new enrollment year funds employ a “set it and forget it” approach, with target year options that eliminate the need for investors to exchange funds as they move through the age brackets. The plan offers 25 enrollment year funds, from MFS 529 Enrollment Year 2021 through MFS 529 Enrollment Year 2045.

Glide path chart showing equity exposure level of risk based on enrollment year

Risk-Based Approach

Risk-based portfolios generally have different allocations to stocks, bonds as well as specialty/alternative and cash options that align with a variety of investor goals and risk tolerances. These portfolios are invested in a diversified mix of MFS funds and are rebalanced periodically to maintain their objective and risk profile. Depending on the option selected, investments include US stocks, non-US stocks, bonds and specialty/alternatives such as commodities, real estate investment trusts (REITs), derivatives and cash.

Pie charts showing level of risk for MFS 529 portfolios based on the portfolio's underlying funds.

Keep in mind that no investment strategy, including allocate, diversify and rebalance, can guarantee a profit or protect against a loss. Also, all investments, including mutual funds, carry a certain amount of risk, including the possible loss of the principal amount invested.

The principal value of the portfolio options are not guaranteed at any time.

Each 529 portfolio invests in MFS mutual fund(s).

Performance of the MFS 529 Savings Plan’s Enrollment Year and Risk-Based portfolios depends on their underlying MFS funds. These funds may be subject to the volatility of global financial markets (domestic and international) and additional risks associated with investing in high- yield, small-cap, and foreign securities, as well as different fees and expense levels associated with investing in these funds. Asset allocation, diversification and rebalancing do not guarantee a profit or protect against loss.

Underlying Fund Allocations

Underlying Fund Allocations

Read Underlying Portfolios & Target Weightings

CUSIP/Ticker Summary

CUSIP/Ticker Symbol

MFS 529 Savings Plan Unit Fund Class Ticker Symbol CUSIP ISIN
Target Risk Funds - Class A
MFS 529 Aggressive Growth Class A A ORALX 55284G345 US55284G3450
MFS 529 Growth Class A A ORAKX 55284G337 US55284G3377
MFS 529 Moderate Class A A ORAJX 55284G329 US55284G3294
MFS 529 Conservative Class A A ORAIX 55284G311 US55284G3112
MFS 529 Lifetime Income Class A A ORAGX 55284G295 US55284G2957
MFS 529 Limited Maturity Class A A ORAFX 55284G287 US55284G2874
MFS 529 US Government Cash Reserve Class A A ORAEX 55284G279 US55284G2791
Enrollment Year Funds - Class A
MFS 529 Year Enroll 2021 Class A A ORBNX 55284G576 US55284G5760
MFS 529 Year Enroll 2022 Class A A ORBMX 55284G568 US55284G5687
MFS 529 Year Enroll 2023 Class A A ORBLX 55284G550 US55284G5505
MFS 529 Year Enroll 2024 Class A A ORBKX 55284G543 US55284G5430
MFS 529 Year Enroll 2025 Class A A ORBJX 55284G535 US55284G5356
MFS 529 Year Enroll 2026 Class A A ORBIX 55284G527 US55284G5273
MFS 529 Year Enroll 2027 Class A A ORBGX 55284G519 US55284G5190
MFS 529 Year Enroll 2028 Class A A ORBDX 55284G493 US55284G4938
MFS 529 Year Enroll 2029 Class A A ORBCX 55284G485 US55284G4854
MFS 529 Year Enroll 2030 Class A A ORBBX 55284G477 US55284G4771
MFS 529 Year Enroll 2031 Class A A ORAZX 55284G469 US55284G4698
MFS 529 Year Enroll 2032 Class A A ORTTX 55284G451 US55284G4516
MFS 529 Year Enroll 2033 Class A A ORAVX 55284G444 US55284G4441
MFS 529 Year Enroll 2034 Class A A ORAUX 55284G436 US55284G4367
MFS 529 Year Enroll 2035 Class A A ORATX 55284G428 US55284G4284
MFS 529 Year Enroll 2036 Class A A ORASX 55284G410 US55284G4102
MFS 529 Year Enroll 2037 Class A A ORAQX 55284G394 US55284G3948
MFS 529 Year Enroll 2038 Class A A ORAPX 55284G386 US55284G3864
MFS 529 Year Enroll 2039 Class A A ORAOX 55284G378 US55284G3781
MFS 529 Year Enroll 2040 Class A A ORANX 55284G360 US55284G3609
MFS 529 Year Enroll 2041 Class A A ORAMX 55284G352 US55284G3526
MFS 529 Year Enroll 2042 Class A A MMAHX 55284G261 US55284G2619
MFS 529 Year Enroll 2043 Class A A ORHEX 55284G238 US55284G2387
MFS 529 Year Enroll 2044 Class A A ORHAX 55284G220 US55284G2205
MFS 529 Year Enroll 2045 Class A A OSNAX 55284G196 US55284G1967
Target Risk Funds - Class I
MFS 529 Aggressive Growth Class I I ORCBX 55284G691 US55284G6917
MFS 529 Conservative Class I I ORBWX 55284G667 US55284G6677
MFS 529 Growth Class I I ORBYX 55284G683 US55284G6834
MFS 529 Moderate Class I Moderate Class I I ORBZX 55284G675 US55284G6750
MFS 529 Lifetime Income Class I I ORBVX 55284G659 US55284G6594
MFS 529 Limited Maturity Class I I ORBUX 55284G642 US55284G6420
MFS 529 US Government Cash Reserve Class I I ORBTX 55284G634 US55284G6347
Enrollment Year Funds - Class I
MFS 529 Year Enroll 2021 Class I I ORBEX 55284G501 US55284G5018
MFS 529 Year Enroll 2022 Class I I ORBQX 55284G600 US55284G6008
MFS 529 Year Enroll 2023 Class I I ORCDX 55284G709 US55284G7097
MFS 529 Year Enroll 2024 Class I I ORCNX 55284G808 US55284G8087
MFS 529 Year Enroll 2025 Class I I ORCWX 55284G881 US55284G8814
MFS 529 Year Enroll 2026 Class I I ORCVX 55284G873 US55284G8731
MFS 529 Year Enroll 2027 Class I I ORCUX 55284G865 US55284G8657
MFS 529 Year Enroll 2028 Class I I ORCSX 55284G857 US55284G8574
MFS 529 Year Enroll 2029 Class I I ORCRX 55284G840 US55284G8400
MFS 529 Year Enroll 2030 Class I I ORCQX 55284G832 US55284G8327
MFS 529 Year Enroll 2031 Class I I ORCPX 55284G824 US55284G8244
MFS 529 Year Enroll 2032 Class I I ORCOX 55284G816 US55284G8160
MFS 529 Year Enroll 2033 Class I I ORCMX 55284G790 US55284G7907
MFS 529 Year Enroll 2034 Class I I ORCLX 55284G782 US55284G7824
MFS 529 Year Enroll 2035 Class I I ORCKX 55284G774 US55284G7741
MFS 529 Year Enroll 2036 Class I I ORCJX 55284G766 US55284G7667
MFS 529 Year Enroll 2037 Class I I ORCIX 55284G758 US55284G7584
MFS 529 Year Enroll 2038 Class I I ORCHX 55284G741 US55284G7410
MFS 529 Year Enroll 2039 Class I I ORCGX 55284G733 US55284G7337
MFS 529 Year Enroll 2040 Class I I ORCFX 55284G725 US55284G7253
MFS 529 Year Enroll 2041 Class I I ORCEX 55284G717 US55284G7170
MFS 529 Year Enroll 2042 Class I I MMAOX 55284G253 US55284G2536
MFS 529 Year Enroll 2043 Class I I ORHFX 55284G246 US55284G2460
MFS 529 Year Enroll 2044 Class I I ORHIX 55284G212 US55284G2122
MFS 529 Year Enroll 2045 Class I I OSNIX 55284G188 US55284G1884

Plan Pricing

Plan Pricing

Class A Units

 

  Enrollment Year Portfolios: 2025-2045
(Implied Participant Ages 0-20)

Risk-Based Portfolios:
Aggressive Growth, Growth, Moderate, Conservative, Lifetime Income, Limited Maturity		 Enrollment Year Portfolios: 2021-2024
(Implied Participant Ages 21-24)

Risk-Based Portfolios:
US Government Cash Reserve
PURCHASE AMOUNT SALES CHARGE DEALER PAYMENT SALES CHARGE DEALER PAYMENT
Less than $250,000 2.50% 2.00% None None
$250,000 and above None .50% None None

 

Class I Units are available without a sales charge to eligible investors.  Please see the Participation Agreement and Disclosure Statement for an explanation.

Performance Summary

MFS® 529 Savings Plan Total Returns (With Sales Charge)

Gifting Features & Tax Advantages

An individual can contribute as much as $19,000 each year ($38,000 for married couples) without gift-tax consequences.

Under a special election, up to $95,000 ($190,000 for married couples) can be contributed at one time by accelerating five years’ worth of contributions (as gifts). This feature makes it an attractive estate planning tool for many. The account owner will not incur federal gift taxes as long as he/she does not make additional gifts to the same designated beneficiary for four years after the year in which the accelerated five-year gift has been made. In order to do this, the account owner must make an election on a federal gift tax return for the year of the contribution. However, if the account owner elected to treat the gifts as having been made over a five-year period and dies before the end of the five-year period, the portion of the contribution allocable to the remaining years in the five-year period would be includable in computing the account owner’s gross estate for federal estate tax purposes. Account owners should consult their tax advisors for more information regarding the gift and estate tax consequences of opening an account. Gift limits are current as of January 1, 2026, tax rules are subject to change.

The MFS 529 Savings Plan makes it easy to open and maintain a gift of education. For as little as $250 you can open an account, with no minimum for additional contributions. So it’s smart to let family and friends know about the account so they can consider investing in the child’s future too.

One of the key features of 529 savings plans is tax advantages.

Earnings are tax deferred and, if used for qualified education expenses are not subject to federal income tax. Withdrawals not used for qualified education expenses are subject to both income taxes and a 10% federal tax penalty on earnings. State taxes may also apply. State tax treatment may differ.

  MFS 529 SAVINGS PLAN UGMA/UTMA
Income Tax Treatment Withdrawals are federal tax free if used for qualified education expenses. For funds withdrawn for tuition for enrollment or attendance at an elementary or secondary public, private or religious school, only $10,000 per year per beneficiary will be free from federal tax. State taxes may differ Earnings are taxed at the beneficiary's rate              
Contribution Limits Up to $400,000 account balance per beneficiary None
Income Limits No limits No limits
Control of Assets Account Owner Custodian until child reaches majority; then the child
Investment Flexibility You can move assets among investment options twice each calendar year or when you change beneficiaries You can move assets as often as you want, but each transfer usually is a taxable event
Estate Planning Features Assets are transferred out of the owner’s estate. The owner retains control Assets are transferred out of the estate
Uses Can be used for almost any accredited post-secondary school, as well as tuition at an elementary or secondary public, private or religious school No restrictions
Ability to Change Beneficiaries Can be transferred to another member of the same family without penalty# Not permitted
Penalties on Nonqualified Withdrawals Ordinary federal income taxes and a 10% IRS penalty on earnings. State taxes may also apply None
State Tax Credit Yes, for Oregon taxpayers* No
Annual Fee $25 annual fee, waived for residents of Oregon† Differs, depending upon funding vehicle

* Oregon taxpayers may receive a state tax credit for contributions to accounts in the Network of up to $180 ($360 if filing jointly). The amount the taxpayer must contribute to get the full credit increases based on the taxpayer's income. The Oregon Department of Revenue will periodically adjust the amount of the credit for inflation. For additional state and local tax considerations, please refer to the Participant Agreement and Disclosure Statement.

† Other waivers may apply. 

# However, there may be federal gift tax consequences if the new designated beneficiary is a member of a younger generation in the family than that of the previous designated beneficiary. The account owner should consult with their tax advisor regarding the potential applicability of gift tax or generation-skipping transfer tax as a result of a permissible transfer or change in the designated beneficiary.

Forms & Related Documents

Plan Overview Brochure

Plan 'At A Glance'

Plan Participant Agreement & Disclosure Statement

Plan Forms

Additional Resources

There's a lot to know when planning for college. Additional information on financial aid, college selection, and scholarships are available on the following websites.

  • Compare the difference between the major types of education loans that are available at www.edvisors.com.
  • Get help searching for the right college, scholarships and loans at www.collegexpress.com.
  • Wondering if a Parent PLUS loan is right for your clients? learn more about these loans at www.edvisors.com.
  • To get expert tips on financial aid, search for scholarships and download college applications, visit www.fastweb.com.
  • Looking for a private student loan? Find potential lenders and loan options at www.edvisors.com.
  • Compare 529 plans, read articles, calculate education costs, and more, go to www.savingforcollege.com.
  • Learn more about finding the right school, testing, and paying for college at www.collegeboard.com.

The MFS 529 Savings Plan is a flexible education savings investing plan sponsored by the State of Oregon, acting by and through the Oregon 529 Savings Board and is part of the Oregon 529 Treasury Savings Network. Vestwell State Savings LLC is the Program Manager and record-keeper of the plan. The Program Manager may designate other firms to perform certain duties, including the Bank of New York Mellon as record-keeper of the plan. MFS Investment Management acts as the investment manager and MFS Fund Distributors, Inc., is the distributor. Units of the investment options of the MFS 529 Savings Plan accounts are considered municipal fund securities.

Depending on your state of residence and the state of residence of the beneficiary, an investment in the MFS 529 Savings Plan may not afford you or your beneficiary state tax benefits or other benefits only available for investments in such state's qualified tuition program. State benefits may include financial aid, scholarship funds and protection from creditors.  State tax treatment may differ from the federal tax treatment. See a tax advisor to be sure you understand the tax issues related to a 529 plan. Withdrawals of earnings not used to pay for qualified education expenses are subject to an additional 10% federal tax penalty. State taxes may also apply.

MFS 529 Savings Plan Accounts are not deposits or obligations of, or insured or guaranteed by, the State of Oregon or any agency or instrumentality thereof, the United States government, the Program Manager, any financial institution, the Federal Deposit Insurance Corporation or any other federal or state governmental agency, entity or person. Investment returns are not guaranteed. Your account may lose value.

There is a $25 annual account fee associated with the MFS 529 Savings Plan. This fee is waived for accounts of Oregon residents and to the extent approved by the Board, subaccounts of Omnibus Accounts. Other waivers may apply. Investments in 529 plans involve investment risks. You should consider your clients' needs, goals, and risk tolerance prior to investing.

Before investing in the MFS® 529 Savings Plan, consider the investment objectives, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, as well as a Participant Agreement and Disclosure Statement including an Expense Overview, view online at mfs.com. Read it carefully.

MFS does not provide legal, tax, or accounting advice or investment advice with respect to the decision to invest in the Plan or selection of investment option(s). Individuals should not use or rely upon the information provided herein without first consulting with their tax or legal or financial professionals about their particular circumstances. Any statement contained in this communication (or elsewhere on this web site) concerning U.S. tax matters was not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. This communication was written to support the promotion or marketing of the transaction(s) or matter(s) addressed.

MFS Investment Management and its affiliates are not affiliated with Vestwell State Savings LLC or The Bank of New York Mellon.

MFS Fund Distributors, Inc., Member SIPC, Boston, MA

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