SHORTCUTS

529 Plan Details:

Enter your state:

World's Simplest College Calculator:

How old is your child?

Find a 529 Pro:

Enter your zip code:

Enroll In a 529 Plan:

View a list of participating plans

OPTIONS

529 PLANS

MACS 529 Advisor Program

Mississippi

Mississippi's MACS 529 Advisor Program is managed by TIAA-CREF. This plan offers a menu of static portfolio options utilizing TIAA-CREF institutional mutual funds and a guaranteed option with annual interest of 1% to 3%. (NOTE: The MACS 529 Advisor Program is closed to new accounts and will be discontinued on May 17, 2013).

To find a financial advisor in your area, use the Find a 529 Pro Directory.

5-Cap Rating

Resident:
Non-Resident:

Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories. (Scale 0 to 5; 5 is highest)

Performance	Costs	Features	Reliability	Resident Upgrade
4.37	3.23	0.87	2.80	0.50

Find an advisor

Enroll in MACS 529 Advisor Program through a financial advisor. Search our directory of qualified 529 professionals to find one near you.

Find a 529 Pro Now Become a 529 Pro

General

Did you know?

Residents are not limited to investing in their own state's plan. Another state may offer a plan that performs better and has lower fees. If there is no tax break offered for in-state investors ... shop around!

Also, the plan chosen does not affect which state the student enrolls in. An investor can live in NY, invest in a plan from NV and send a student to college in FL.

Research other state plans
or
Compare between state plans

Program type:

Savings

Telephone:

1-877-238-7529

Telephone for broker use:

Premium subscription required for this data.

Web site:

Click here to visit

How to enroll:

Enroll through a financial advisor.

Initial year of operation:

2002

State agency(ies):

College Savings Plans of Mississippi and State Treasury Department

Program manager:

TIAA-CREF Tuition Financing, Inc.

Program distributor:

Teachers Personal Investors Services, Inc.

Manager contract term:

Premium subscription required for this data.

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens, UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all account balances in Mississippi's 529 plans for the same beneficiary reach $235,000.

Minimum contributions:

The minimum initial contribution is $3,000 ($1,000 per investment option), and the minimum subsequent contribution is $25 per investment option.

Investment Options

Age-based investment options:

None.

Static investment options:

Select among the Balanced Option (a multi-fund portfolio), 6 individual-fund portfolios, and the Guaranteed Option

Underlying investments:

TIAA-CREF institutional mutual funds; the Guaranteed Option is invested in a funding agreement with TIAA-CREF Life Insurance Company that guarantees principal and an annual rate of interest of 1% to 3% (actual rate is declared annually).

Underlying fund allocations:

Premium subscription required for this data.

Investment performance link:

Premium subscription required for this data.

Portfolio Fees & Performance Lookup

Premium subscription required for this data.

Fees & Expenses

Enrollment or application fee:

None, but contributions are subject to a sales charge.

Account maintenance fee:

$25 for accounts below $25,000.

Program management fees:

0.70% manager fee. No fee for the Guaranteed Option.

Expenses of the underlying investments:

Ranges from 0.07% to 0.54%. None for the Guaranteed Option.

Total asset-based expense ratio:

0.77% - 1.24%. None for the Guaranteed Option.

Broker loads and commissions:

Premium subscription required for this data.

Breakpoint pricing:

Premium subscription required for this data.

Taxes and other Benefits

Program match on contributions:

None.

State tax deduction or credit for contributions:

Contributions to a Mississippi 529 savings plan of up to $10,000 per year by an individual, and up to $20,000 per year by a married couple filing jointly, are deductible in computing Mississippi taxable income. Contribution deadline is April 15 of the following year.