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SEED OK Savings Match

The Savings Match was an incentive available during 2008-2011 for SEED OK Participants. Eligible participants  received the Savings Match when they qualified and saved money in their own Oklahoma College Savings Plan account. Read answers to questions about the Savings Match by clicking on the links below. For complete details about the SEED OK Savings Match (available during 2008-2011), see the Savings Match Terms.

The Savings Match was a SEED OK incentive for you to save for your child’s future. To have received this match, you must have opened your own Oklahoma College Savings Plan (Your Account). When you deposited money in Your Account, you may have been eligible for a $1 to $1 or $0.50 to $1 match. The match was placed in your child’s SEED OK Account. If you open Your Account, your child will have two Oklahoma College Savings Plan accounts:

Account Opening Beneficiary Ownership Deposits Investment
SEED OK Account The State opened Your child State owns for the benefit of your child $1000 and the opportunity for up to $250 or $125 Savings Match each year through 2011 Balanced Option
Your Account You open The same child as on the SEED OK Account You own When you choose to save $25 or more You choose among the Plan investment options

Savings Match eligibility was based on SEED OK treatment participants’ federal adjusted gross income. How much Savings Match you received depended on the deposits you made into Your Account.

Your Adjusted Gross Income Match Rate With Yearly Deposits of Your Savings is Matched
Below $29000 When you deposited $1.00 the State deposited $1.00 $25 to $250+ $25 to $250
$29000 to $43499 When you deposited $1.00 the State deposited $0.50 $25 to $250+ $12.50 to $125
$43500 or more Not eligible $25 to $250+ $0



If your adjusted gross income was less than $29,000, the largest match you were eligible to receive was $250 per year. For example, if you saved $250 or more in Your Account during 2008-2011, then you child's SEED OK Account was eligible to receive $250 per year.

If your adjusted gross income was $29,000 to $43,499, the largest match you were eligible to receive was $125 per year. For example, if you saved $250 or more in Your Account during 2008-2011, then your child's SEED OK Account was eligible to receive $125 per year.

Your federal adjusted gross income is an amount that you report to the Oklahoma Tax Commission when you file a State income tax return. The State used your income from earlier tax returns because more current records were not available when the Savings Match was calculated. For example:

Match eligibility for deposits you made in Would have been determined by income on your return from tax year
2008 2006
2009 2007
2010 2008
2011 2009

Yes. If you did not file an Oklahoma Tax Return because your income was below the amount required for filing in a given year, you could have qualified for the Savings Match, even if you received Food Stamps, Medicaid, or Temporary Assistance for Needy Families (TANF) benefits from the State in that same tax year. The Oklahoma Department of Human Services determined if you received these benefits.

1. Opened an Oklahoma College Savings Plan account for your child;
2. Completed, sign, and return the Match Eligibility Form to the State, and;
3. Saved money from birthdays, other gifts, or tax refunds in Your Account.

The State used this form to check if you qualified for the Savings Match. To protect your privacy, the Oklahoma Tax Commission and Department of Human Services may only release information to the State with your written permission. This form gives that permission.

The savings match ended in 2011.  It is no longer necessary to return the Match Eligibility Form.

The savings match incentive was available from 2008 - 2011. During that time, when you deposit money in Your Account, your savings was matched in the next quarter. For example, if you saved money in Your Account in in August 2011, the Savings Match was deposited in your child's SEED OK Account between October and December 2011.

Yes! There are many reasons why you should open an account.
• Save for your child’s education.
• Receive tax benefits. (See Disclosure Booklet.)

The savings match incentive was available from 2008-2011.  During that time, only you—the individual who completed the SEED OK Study phone interview—could have qualified to receive the Savings Match.

Last Modified on Oct 10, 2023
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