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, five single fund options and a principal protection option.
- Program typeSavings
- Inception2000
- State agencyMichigan Department of Treasury
- Tax deduction
- Program ManagerTIAA-CREF Tuition Financing, Inc.
- Program distributorTIAA-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.
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 |
|---|---|---|---|
| 2022/2023 Enrollment Option | 0.07% | 25% | 1.91% |
| 2024/2025 Enrollment Option | 0.09% | 36% | 2.39% |
| 2026/2027 Enrollment Option | 0.1% | 48% | 3.1% |
| 2028/2029 Enrollment Option | 0.1% | 60% | 4.1% |
| 2030/2031 Enrollment Option | 0.1% | 68% | 5.02% |
| 2032/2033 Enrollment Option | 0.1% | 72% | 5.45% |
| 2034/2035 Enrollment Option | 0.1% | 76% | 5.96% |
| 2036/2037 Enrollment Option | 0.1% | 80% | 6.4% |
| In School Option | 0.07% | 15% | 0.95% |
| 2038/2039 Enrollment Option | 0.1% | 80% | N/A |
