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Frequently Asked Questions - Employers

		How do we get started? Does the Program charge employers to set up and maintain payroll deduction? What are the employer's responsibilities to participate in the program? How do I receive payroll deduction instructions from my employees? Who do I contact for general questions about payroll deduction?

How do we get started?
Contact MESP at 1-877-861-MESP. A Michigan-based Program Consultant will call you to discuss your company's needs and the free services offered by the Program Manager. Services include on-site seminars, webinars, lunch and learn sessions and participation in company sponsored family events.

Does the Program charge employers to set up and maintain payroll deduction?
No, there is no charge.

What are the employer's responsibilities to participate in the program?
Just set-up the deduction for an Automatic Clearing House (ACH) electronic transfer in your payroll system and follow the instructions on the employee's form. The employer's role is limited to collecting and remitting employees' voluntary payroll contributions.

How do I receive payroll deduction instructions from my employees?
Your employees will complete the MESP Payroll Deduction form (PDF, 60KB) and submit it to you. Just follow the simple instructions on the form to set-up the Automatic Clearing House (ACH) electronic transfer that will be sent to us and applied to the employee's account.

Who do I contact for general questions about payroll deduction?
Please call us toll-free at 1-877-861-MESP, (1-877-861-6377). We're available 8:00 am to 10:00 pm Eastern Time.

WE'RE HERE TO HELP

Have a question you don't see listed? Need clarification?

Call us toll-free at
1-877-861-MESP
(1-877-861-6377)

We're available 8:00 am to 8:00 pm Eastern Time.

Don't forget you can set up an Automatic Contribution Plan (PDF, 157KB) or use Payroll Deduction (PDF, 60KB) for your contributions (if offered by your employer).

PDF files require the free Adobe Acrobat Reader. Get it here.

Access our glossary for the meanings of terms used throughout this site.

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	Michigan Education Trust

The tax information contained on the Michigan Education Savings Program (MESP) Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

Consider the investment objectives, risks, charges and expenses before investing in the Michigan Education Savings Program. Please call toll-free 1(877) 861-6377 for a Disclosure Booklet containing this information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

TIAA-CREF Individual & Institutional Services, LLC, distributes MESP. The State of Michigan, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return except for TIAA-CREF Life Insurance Company's guarantee to MESP under the funding agreement for the Principal Plus Interest Option. Account value will fluctuate based upon a number of factors, including general market conditions.

Investment management, program administration and distribution of The Michigan Education Trust (MET) program is provided solely by the Michigan Department of Treasury. MET is not managed by TIAA-CREF Tuition Financing, Inc. nor is it distributed by TIAA-CREF Individual & Institutional Services, LLC.

The MESP Web site contains links to other Web sites. Neither MESP nor TIAA-CREF Tuition Financing, Inc. and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.