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Michigan Education Savings Program (MESP)

The Michigan Education Savings Program is similar to other TIAA-managed 529 savings programs. The Program features an enrollment year option, six multi-fund options, a single fund option and a principal protection option.

Fee Score

5 / 5

Performance

4 / 5
  • Program type
    Savings
  • Inception
    2000
  • State agency
    Michigan Department of Treasury
  • Tax deduction
  • Program Manager
    TIAA-CREF Tuition Financing, Inc.
  • Program distributor
    TIAA-CREF Individual & Institutional Services, LLC

Investment Options

Investors in Michigan Education Savings Program (MESP) can select from the following investment options. Click on a portfolio name for more information.

Age Based Investment Optionsaccordion open icon

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.

PortfolioE.R.% Equity1YR PerformanceRank
2022/2023 Enrollment Option0.07%25%12.1%N/A
2024/2025 Enrollment Option0.1%36%16.35%N/A
2026/2027 Enrollment Option0.1%48%20.67%N/A
2028/2029 Enrollment Option0.1%60%24.83%N/A
2030/2031 Enrollment Option0.1%68%27.27%N/A
2032/2033 Enrollment Option0.1%72%28.85%N/A
2034/2035 Enrollment Option0.1%76%30.4%N/A
2036/2037 Enrollment Option0.1%80%31.49%N/A
In School Option0.07%15%6.87%N/A
2038/2039 Enrollment Option0.1%80%N/AN/A
Static Investment Optionsaccordion close icon
Individual Investment Optionsaccordion close icon
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