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.
- Program typeSavings
- Inception2009
- State agencyMichigan Department of Treasury
- Tax deduction
- Program ManagerTIAA-CREF Tuition Financing, Inc.
- Program distributorNuveen Securities, LLC
Investment Options
Investors in MI 529 Advisor Plan can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
| Portfolio | E.R. | % Equity | 1YR Performance |
|---|---|---|---|
| 2036/2037 Enrollment Portfolio | 1.05% | 76.58% | 11.28% |
| 2034/2035 Enrollment Portfolio | 1.04% | 68.67% | 10.32% |
| 2032/2033 Enrollment Portfolio | 1.04% | 64.2% | 9.58% |
| 2030/2031 Enrollment Portfolio | 1.03% | 58.23% | 8.87% |
| 2028/2029 Enrollment Portfolio | 0.97% | 44.77% | 7.18% |
| 2026/2027 Enrollment Portfolio | 0.92% | 35.8% | 6.04% |
| 2024/2025 Enrollment Portfolio | 0.84% | 25.98% | 4.88% |
| In School Portfolio | 0.77% | 15.75% | 3.52% |
| 2038/2039 Enrollment Portfolio | 1.05% | 79.9% | 11.85% |
| 2040/2041 Enrollment Portfolio | 1.05% | 79.9% | N/A |
