
Exciting Changes Ahead for Michigan 529 College Savings Plans
The Michigan Education Savings Plan (MESP) recently announced important enhancements to its 529 College Savings Plans. These changes take effect on June 15, 2020. MESP is expanding the current investment lineup to include underlying investment options from Vanguard, Charles Schwab and iShares while maintaining the existing investment offerings from TIAA-CREF. In conjunction with the new investment offerings, account owners will see more of their 529 contributions put to work with a reduction in overall fees.