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General Information
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.
Our Ratingix
4.5 of 5
Fee Scoreix
5 of 5
Performanceix
4 of 5
- Program typeSavings
- Inception2000
- State agencyMichigan Department of Treasury
- Tax deduction
- Program ManagerTIAA-CREF Tuition Financing, Inc.
- Program distributorTIAA-CREF Individual & Institutional Services, LLC
Investors in Michigan Education Savings Program (MESP) can select from the following investment options. Click on a portfolio name for more information.
Use the form below to filter through the investment options in this plan
Child age
Max Expense Ratio:2.5%
Age Based Investment Options
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.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| 2020/2021 Enrollment Option | 0.07% | 25% | N/A | N/A |
| 2022/2023 Enrollment Option | 0.1% | 36% | N/A | N/A |
| 2024/2025 Enrollment Option | 0.1% | 48% | N/A | N/A |
| 2026/2027 Enrollment Option | 0.1% | 60% | N/A | N/A |
| 2028/2029 Enrollment Option | 0.1% | 68% | N/A | N/A |
| 2030/2031 Enrollment Option | 0.1% | 72% | N/A | N/A |
| 2032/2033 Enrollment Option | 0.1% | 76% | N/A | N/A |
| 2034/2035 Enrollment Option | 0.1% | 80% | N/A | N/A |
| 2036/2037 Enrollment Option | 0.1% | 80% | N/A | N/A |
| In School Option | 0.07% | 15% | N/A | N/A |
Static Investment Options
This refers to an investment option that is not programmed to change over time. The individual fund portfolio and multi-fund portfolio described below are static options. So are many portfolios that do not use mutual funds, such as stable-value options, guaranteed options, CD options, etc.
| Portfolio | E.R.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Aggressive Allocation Option | 0.1% | 80% | N/A | N/A |
| Conservative Allocation Option | 0.09% | 30% | N/A | N/A |
| Global Equity Index Option | 0.1% | 100% | 57.94% | 100 of 235 |
| 100% Fixed-Income Option | 0.1% | 0% | 3.71% | 44 of 70 |
| Moderate Allocation Option (formerly Balanced Option) | 0.1% | 60% | 32.41% | 28 of 52 |
| International Equity Index Option | 0.14% | 100% | 48.06% | 193 of 235 |
Individual Investment Options
Sometimes called a single-fund option, this is a portfolio invested in a single mutual fund. Often the name of the 529 portfolio is very similar to the name of the underlying mutual fund. A large number of broker-sold 529s offer an extensive line-up of individual fund options, while a smaller number of direct-sold 529s offer them.
| Portfolio | E.R.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Principal Plus Interest Option | 0% | 0% | 1.83% | 23 of 68 |
| U.S. Equity Index Option | 0.1% | 100% | 62.37% | 43 of 235 |
Use the form below to filter through the investment options in this plan