Plan Snapshot
- Plan Sponsor: Independent Colleges And Universities Benefits Association, INC
- Sponsor EIN: 421576411
- Sponsor Address: 4850 MILLENIA BLVD SUITE 329, ORLANDO, FL, 32839
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 8,451
- Total Assets: $28.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,451 | $28.1M | $65.4M | $51.4M |
| 2023 | 8,441 | $34.6M | $68.4M | $38.5M |
| 2022 | 8,137 | $36.3M | $60.0M | $38.3M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD | Recordkeeper | $5,284,110 | — | $5,284,110 |
| BSWIFT | Other Service Provider | $723,120 | — | $723,120 |
| AMERIFLEX | Other Service Provider | $509,979 | — | $509,979 |
| AETNA BEHAVORIAL HEALTH LLC | Recordkeeper | $275,835 | — | $275,835 |
| AETNA INC | Recordkeeper | $238,735 | — | $238,735 |
| SMITH, GAMBRELL & RUSSELL, LLP | ERISA Attorney | $160,449 | — | $160,449 |
| AETNA RESOURCES FOR LIVING | Recordkeeper | $115,771 | — | $115,771 |
| OSWALD & SCOTT, PA | Other Service Provider | $72,974 | — | $72,974 |
| SE SERIES OF LOCKTON COMPANIES LLC | Insurance Carrier | $66,630 | — | $66,630 |
| INFORMAX, LLC | Other Service Provider | $63,974 | — | $63,974 |
| CF LARIMER CONSULTING LLC | Other Service Provider | $30,000 | — | $30,000 |
| THE SEGAL COMPANY INC. | Other Service Provider | $29,150 | — | $29,150 |
| A-LIGN COMPLIANCE AND SECURITY INC | Other Service Provider | $24,150 | — | $24,150 |
| ROCKET SCIENCE BENEFITS CONSULTING | Other Service Provider | $14,284 | — | $14,284 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH, GAMBRELL & RUSSELL, LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,609,161
- Estimated Expense Ratio: 27.063% 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 | $4,443,049 | — | — | — | — |
| 2023 | $4,469,333 | — | — | — | — |
| 2022 | $4,193,027 | — | — | — | — |