General Information

Michigan Education Savings Program (MESP) logo

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 Ratingx

4.5 of 5

Fee Scorex

5 of 5

Performancex

4.5 of 5

  • Program typeSavings
  • Inception2000
  • State agency
    Michigan Department of Treasury
  • Tax deduction
  • Program Manager
    TIAA-CREF Tuition Financing, Inc.
  • Program distributor
    TIAA-CREF Individual & Institutional Services, LLC
Plan Details
Investment Options

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.

PortfolioE.R.x% Equity1YR PerformanceRank
2020/2021 Enrollment Option0.07%25%N/AN/A
2022/2023 Enrollment Option0.1%36%N/AN/A
2024/2025 Enrollment Option0.1%48%N/AN/A
2026/2027 Enrollment Option0.1%60%N/AN/A
2028/2029 Enrollment Option0.1%68%N/AN/A
2030/2031 Enrollment Option0.1%72%N/AN/A
2032/2033 Enrollment Option0.1%76%N/AN/A
2034/2035 Enrollment Option0.1%80%N/AN/A
2036/2037 Enrollment Option0.1%80%N/AN/A
In School Option0.07%15%N/AN/A
Conservative
Conservative Age-Based: Age Band 0-4 (closed 6/15/20)0.17%65%-5.41%22 of 72
Conservative Age-Based: Age Band 5-8 (closed 6/15/20)0.18%55%-3.79%61 of 70
Conservative Age-Based: Age Band 9-10 (closed 6/15/20)0.19%45%-1.64%32 of 70
Conservative Age-Based: Age Band 11-12 (closed 6/15/20)0.2%35%-0.14%19 of 120
Conservative Age-Based: Age Band 15 (closed 6/15/20)0.17%20%1.11%32 of 78
Conservative Age-Based: Age Band 18+ (closed 6/15/20)0.15%5%2.98%75 of 80
Conservative Age-Based: Age Band 13-14 (closed 6/15/20)0.18%25%0.62%47 of 78
Conservative Age-Based: Age Band 16 (closed 6/15/20)0.16%15%1.48%53 of 122
Conservative Age-Based: Age Band 17 (closed 6/15/20)0.15%10%2.79%29 of 122
Moderate
Moderate Age-Based: Age Band 0-4 (closed 6/15/20)0.16%80%-8.25%41 of 72
Moderate Age-Based: Age Band 5-8 (closed 6/15/20)0.17%70%-6.28%43 of 92
Moderate Age-Based: Age Band 9-10 (closed 6/15/20)0.18%60%-4.32%9 of 92
Moderate Age-Based: Age Band 11-12 (closed 6/15/20)0.19%50%-2.97%88 of 120
Moderate Age-Based: Age Band 15 (closed 6/15/20)0.19%30%0.07%67 of 78
Moderate Age-Based: Age Band 18+ (closed 6/15/20)0.16%15%2.21%54 of 122
Moderate Age-Based: Age Band 13-14 (closed 6/15/20)0.2%40%-1.12%44 of 120
Moderate Age-Based: Age Band 16 (closed 6/15/20)0.18%25%0.62%19 of 78
Moderate Age-Based: Age Band 17 (closed 6/15/20)0.17%20%1.19%90 of 122
Aggressive
Aggressive Age-Based: Age Band 0-4 (closed 6/15/20)0.14%100%-11.72%13 of 55
Aggressive Age-Based: Age Band 5-8 (closed 6/15/20)0.15%85%-9.07%17 of 53
Aggressive Age-Based: Age Band 9-10 (closed 6/15/20)0.16%75%-7.17%4 of 53
Aggressive Age-Based: Age Band 11-12 (closed 6/15/20)0.17%65%-5.46%26 of 46
Aggressive Age-Based: Age Band 15 (closed 6/15/20)0.19%45%-2.05%74 of 120
Aggressive Age-Based: Age Band 18+ (closed 6/15/20)0.18%25%0.69%20 of 78
Aggressive Age-Based: Age Band 13-14 (closed 6/15/20)0.18%55%-3.74%10 of 46
Aggressive Age-Based: Age Band 16 (closed 6/15/20)0.2%40%-1.12%68 of 78
Aggressive Age-Based: Age Band 17 (closed 6/15/20)0.2%35%-0.22%62 of 78

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.

PortfolioE.R.x% Equity1YR PerformanceRank
Aggressive Allocation Option0.1%80%N/AN/A
Conservative Allocation Option0.09%30%N/AN/A
Global Equity Index Option0.1%100%-10.93%100 of 235
100% Fixed-Income Option0.1%0%6.03%44 of 70
Moderate Allocation Option (formerly Balanced Option)0.1%60%-4.22%28 of 52
International Equity Index Option0.14%100%-15.53%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.

PortfolioE.R.x% Equity1YR PerformanceRank
Principal Plus Interest Option0%0%2.11%23 of 68
U.S. Equity Index Option0.1%100%-9.24%43 of 235

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%