3.5 / 5
Our rating
MI resident benefits
MI 529 Advisor Plan, managed by TIAA-CREF Tuition Financing, Inc., features enrollment-year, asset-allocation, and individual-fund portfolios using funds from nine investment managers. To find a financial advisor in your area, use the Directory of Financial Professionals.
Scores for each ratings category
3.0 / 5
Performance
4.14 / 5
Ease of Use
3.72 / 5
Savings Success
3.87 / 5
Program Delivery
Program type
Inception
State agency
Tax deduction
For single filers: $5,000/yr per beneficiary
For joint filers: $10,000/yr per beneficiary
Program manager
Program distributor
Manager contract term
State residency requirements:
Who can be a participant/owner in the program?
Maximum contributions:
Minimum contributions:
Does the program offer an e-gifting platform for receiving gift contributions?
Investors in MI 529 Advisor Plan can select from the following investment options. Click on a portfolio name for more information.
Portfolio | E.R. | % Equity | 1yr performance |
---|---|---|---|
2036/2037 Enrollment Portfolio | 0.97% | 68.68% | 5.76% |
2034/2035 Enrollment Portfolio | 0.97% | 64.2% | 5.72% |
2032/2033 Enrollment Portfolio | 0.96% | 58.23% | 5.65% |
2030/2031 Enrollment Portfolio | 0.91% | 44.78% | 5.5% |
2028/2029 Enrollment Portfolio | 0.83% | 33.2% | 4.99% |
2026/2027 Enrollment Portfolio | 0.76% | 24.08% | 4.33% |
In School Portfolio | 0.7% | 14.65% | 3.61% |
2038/2039 Enrollment Portfolio | 0.98% | 76.58% | 5.73% |
2040/2041 Enrollment Portfolio | 0.98% | 79.9% | 5.73% |
2042/2043 Enrollment Portfolio | 0.98% | 79.9% | N/A |
Age-based/Enrollment Year investment options:
Static investment options:
Underlying investments:
Underlying fund allocations:
Portfolio Fees & Performance Lookup
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Broker loads and commissions:
Breakpoint pricing:
Does breakpoint pricing include non-529 assets under rights of accumulation policies
Tax deduction for single filers:
Tax deduction for joint filers:
Program match on contributions:
State tax deduction or credit for contributions:
Find out how much you can save on state taxes this year by contributing to a Michigan 529 plan.
Married Filing Jointly
Household income
$100,000
Monthly Contribution
$100
State tax recapture provisions:
State definition of qualified expenses
State tax treatment of qualified distributions:
State tax treatment of rollovers:
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
Statutory protection of an account from creditors:
To whom are distributions made payable:
Policy regarding participant/owner changes:
Does participant have online password-protected access to account?
Can the complete enrollment process including funding be done online?
Documents and other services accessible or downloadable on the program's public Web site:
Connect with a financial advisor in your local area
A good place to start:
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Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.