# Independent Colleges And Universities Benefits Association, INC Health & Welfare Plan
Source: https://planprovider.pro/companies/independent-colleges-and-universities-benefits-association-inc-421576411-501

> Independent Colleges And Universities Benefits Association, INC's Health & Welfare plan: 8,451 participants, plan year 2024 financials, providers, and benchm…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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](https://planprovider.pro/provider/smith-gambrell-and-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|—|—|—|—|

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