Plan Snapshot
- Plan Sponsor: Georgia Independent College Association, INC
- Sponsor EIN: 580684740
- Sponsor Address: 50 HURT PLAZA, ATLANTA, GA, 30303
- Plan Type: 403(b)
- Total Participants: 821
- Total Assets: $90.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 821 | $90.8M | $852,310 | $2.0M |
| 2023 | 860 | $87.2M | $818,562 | $1.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MILLENNIUM ADVISORY SERVICES INC | Investment Advisor | $105,360 | — | $105,360 |
| TIAA-TEACHERS INS AND ANNUITY ASSOC | Recordkeeper | $41,336 | — | $41,336 |
| PENTEGRA SERVICES, INC | Recordkeeper | $36,952 | — | $36,952 |
| SAGEVIEW ADVISORY GROUP | Investment Advisor | $25,235 | — | $25,235 |
| CARR, RIGGS AND INGRAM, LLC | Auditor | $21,500 | — | $21,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA-TEACHERS INS AND ANNUITY ASSOC — Recordkeeper
- SAGEVIEW ADVISORY GROUP — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $230,383
- Estimated Expense Ratio: 0.254% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $230,595 | — | $152,290 | — | — |
| 2023 | $163,504 | $47,041 | $89,180 | — | — |