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MI 529 Advisor Plan
Corporate sponsored 529 plans
A simple turnkey employer-sponsored 529 plan
The MI 529 Advisor Plan offers the added benefit of providing access to a corporate plan for qualified business owners. At no cost to the employer and with the benefit of offering employees an opportunity to save for educational expenses, it is truly an easy choice. Check out our explainer brochure or fillable flyer highlighting the benefits for employers and employees.
Employees have financial goals – like ensuring they have a plan to ensure a comfortable retirement. But one often overlooked is paying for their child’s higher education expenses.
- Easy to use
- No contract or reporting requirements
- No cost to employers
- Potential tax savings
How it works
You would set up the corporate program for employees to invest in Class A @ NAV or Class I units. Class I is the lowest cost (no load) choice for plan participants and contains all the available investment options.
Next steps
- Have the employee fill out an employer-sponsored workplace 529 form
- If applicable, have the employee fill out a direct deposit form
Please contact Nuveen sales & service with any further questions at 800-752-8700.
Portfolio options
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There are various risks associated with an investment in the MI 529 Advisor Plan; principal loss is possible.
The MI 529 Advisor Plan (MAP) is offered by the State of Michigan. TIAA-CREF Tuition Financing, Inc. (TFI) is the Program Manager and Nuveen Securities, LLC, member FINRA and SIPC, is the Distributor.
Before investing, carefully consider investment objectives, risks, charges, expenses, and other important information. For this and other information that should be read carefully, please read the MAP Plan Description. Also, consider whether your or your beneficiary’s home state offers any state tax or other benefits, such as financial aid, scholarship funds and protection from creditors, that are only available for investments in that state’s qualified tuition program.
Participation in MAP does not guarantee that the account's assets will be adequate to cover future tuition or other higher education expenses, or that your beneficiary will be admitted to or permitted to continue to attend an institution of higher education. Investments in MAP are not guaranteed or insured and there is risk of investment loss.
This MAP website contains links to other websites. The MAP, TFI and Nuveen Securities, LLC are not responsible for the content of those other websites.
Please be advised, this content is restricted to financial professional access only.
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