Michigan 529 plan archive

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The Michigan 529 plan archive page provides information on direct-sold 529 plans and highlights indexed portfolios. All information is derived from Savingforcollege.com and from 529 plan sites and disclosure documents. If you would like to compare this plan with other direct sold plans, use these Compare by Plan Name and Compare by Feature tools.

  • Open to Residents
  • Open to non-residents
Michigan 529 Plan
Program match on contributions: Michigan residents with adjusted gross income of $80,000 or less and a beneficiary under seven years old may apply for a one-time matching grant of $1 for every $3 contributed, up to a maximum $200 grant; the matching grant has been discontinued for 2009/2010.
State tax deduction or credit for contributions: Contributions to the Michigan Education Savings Plan of up to $5,000 per year for an individual taxpayer, and $10,000 per year for married taxpayers filing a joint return, are deductible in computing Michigan taxable income. Contributions must be reduced by qualified withdrawals during the year for purposes of determining the amount that may be deducted. Rollover contributions are not deductible, according to the Michigan Department of Treasury. Contribution deadline is December 31.
State tax recapture provisions: The principal portion of nonqualified withdrawals from this plan are included in Michigan taxable income to the extent of prior Michigan tax deductions. Qualified rollovers are not subject to recapture.
Age-Based investment options: The Age-Based Option is offered in three different risk levels (Aggressive, Moderate, and Conservative), each containing six portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary’s age and later contributions are placed into the portfolio corresponding to the beneficiary’s age. The portfolios are automatically reassigned to more conservative portfolios as the beneficiary approaches college age.
Static investment options: Select among three multi-fund options (the 100% Equity Option, the 100% Fixed Income Option, and the Balanced Option) and the Principal Plus Interest Option.
Expenses: 0.21-.30%; None for the Principal Plus Interest Option.
Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.

Investment options

Age-based

The Michigan 529 savings plan offers three indexed Age-based portfolio options.

Conservative Age-Based Allocation Option
Age Bands Equity Intl. Equity Emerging Markets Real Estate Secuities Bond Inflation Bond Stable Value
0 – 4 39.00% 16.25% 3.25% 6.50% 26.25% 8.75% 0.00%
5 – 8 33.00% 13.75% 2.75% 5.50% 33.75% 11.25% 0.00%
9 – 10 27.00% 11.25% 2.25% 4.50% 41.25% 13.75% 0.00%
11 – 12 21.00% 8.75% 1.75% 3.50% 48.75% 16.25% 0.00%
13 – 14 15.00% 6.25% 1.25% 2.50% 41.25% 13.75% 20.00%
15 12.00% 5.00% 1.00% 2.00% 37.50% 12.50% 30.00%
16 9.00% 3.75% 0.75% 1.50% 33.75% 11.25% 40.00%
17 6.00% 2.50% 0.50% 1.00% 33.75% 11.25% 45.00%
18+ 3.00% 1.25% 0.25% 0.50% 33.75% 11.25% 50.00%


Moderate Age-Based Allocation Option
Age Bands Equity Intl. Equity Emerging Markets Real Estate Secuities Bond Inflation Bond Stable Value
0 – 4 48.00% 20.00% 4.00% 8.00% 15.00% 5.00% 0.00%
5 – 8 42.00% 17.50% 3.50% 7.00% 22.50% 7.50% 0.00%
9 – 10 36.00% 15.00% 3.00% 6.00% 30.00% 10.00% 0.00%
11 – 12 30.00% 12.50% 2.50% 5.00% 37.50% 12.50% 0.00%
13 – 14 24.00% 10.00% 2.00% 4.00% 45.00% 15.00% 0.00%
15 18.00% 7.50% 1.50% 3.00% 45.00% 15.00% 10.00%
16 15.00% 6.25% 1.25% 2.50% 41.25% 13.75% 20.00%
17 12.00% 5.00% 1.00% 2.00% 37.50% 12.50% 30.00%
18+ 9.00% 3.75% 0.75% 1.50% 33.75% 11.25% 40.00%


Aggressive Age-Based Allocation Option
Age Bands Equity Intl. Equity Emerging Markets Real Estate Secuities Bond Inflation Bond Stable Value
0 – 4 60.00% 25.00% 5.00% 10.00% 0.00% 0.00% 0.00%
5 – 8 51.00% 21.25% 4.25% 8.50% 11.25% 3.75% 0.00%
9 – 10 45.00% 18.75% 3.75% 7.50% 18.75% 6.25% 0.00%
11 – 12 39.00% 16.25% 3.25% 6.50% 26.25% 8.75% 0.00%
13 – 14 33.00% 13.75% 2.75% 5.50% 33.75% 11.25% 0.00%
15 27.00% 11.25% 2.25% 4.50% 41.25% 13.75% 0.00%
16 24.00% 10.00% 2.00% 4.00% 45.00% 15.00% 0.00%
17 21.00% 8.75% 1.75% 3.50% 48.75% 16.25% 0.00%
18 15.00% 6.25% 1.25% 2.50% 41.25% 13.75% 20.00%

Static Funds

External links