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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 age-based option, four 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 of 5

  • Program typeSavings
  • Inception2000
  • State agency
    Michigan Department of Treasury
  • Tax deduction
    Tax deduction for single filers $5,000/yr
    Tax deduction for joint filers $10,000/yr
  • Program Manager
    TIAA-CREF Tuition Financing, Inc.
  • Program distributor
    TIAA-CREF Individual & Institutional Services, LLC
  • Manager contract termUNLOCK PRO

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% Equity1YR PerformanceRank
Conservative
Conservative Age-Based: Age Band 0-40.17%65%7.14%44 of 63
Conservative Age-Based: Age Band 5-80.18%55%5.89%13 of 56
Conservative Age-Based: Age Band 9-100.18%45%4.79%34 of 56
Conservative Age-Based: Age Band 11-120.2%35%3.67%92 of 100
Conservative Age-Based: Age Band 150.17%20%2.57%30 of 62
Conservative Age-Based: Age Band 18+0.15%5%1.27%10 of 81
Conservative Age-Based: Age Band 13-140.18%25%2.98%19 of 62
Conservative Age-Based: Age Band 160.15%15%2.31%40 of 83
Conservative Age-Based: Age Band 170.15%10%1.84%60 of 83
Moderate
Moderate Age-Based: Age Band 0-40.15%80%8.9%23 of 63
Moderate Age-Based: Age Band 5-80.17%70%7.6%27 of 65
Moderate Age-Based: Age Band 9-100.18%60%6.59%54 of 65
Moderate Age-Based: Age Band 11-120.18%50%5.35%40 of 100
Moderate Age-Based: Age Band 150.18%30%3.30%16 of 62
Moderate Age-Based: Age Band 18+0.15%15%2.4%41 of 83
Moderate Age-Based: Age Band 13-140.2%40%4.18%84 of 100
Moderate Age-Based: Age Band 160.18%25%2.98%45 of 80
Moderate Age-Based: Age Band 170.17%20%2.74%20 of 83
Aggressive
Aggressive Age-Based: Age Band 0-40.13%100%11.14%41 of 53
Aggressive Age-Based: Age Band 5-80.15%85%9.59%20 of 57
Aggressive Age-Based: Age Band 9-100.15%75%8.32%48 of 57
Aggressive Age-Based: Age Band 11-120.17%65%7.19%17 of 43
Aggressive Age-Based: Age Band 150.18%45%4.79%56 of 100
Aggressive Age-Based: Age Band 18+0.18%25%2.98%46 of 80
Aggressive Age-Based: Age Band 13-140.18%55%6%41 of 43
Aggressive Age-Based: Age Band 160.2%40%4.18%16 of 80
Aggressive Age-Based: Age Band 170.2%35%3.59%28 of 80

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% Equity1YR PerformanceRank
Global Equity Index Option0.13%100%12.49%115 of 228
100% Fixed-Income Option0.24%0%-0.64%27 of 68
Balanced Option0.18%60%6.60%21 of 52
International Equity Index Option0.15%100%1.76%208 of 228

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% Equity1YR PerformanceRank
U.S. Equity Index Option0.12%100%17.45%44 of 228

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

Child age


Max Expense Ratio:2.5%