Plan Snapshot
- Plan Sponsor: Iowa Independent Higher Education Research Foundation
- Sponsor EIN: 421420268
- Sponsor Address: 3775 E.P. TRUE PARKWAY, #253, WEST DES MOINES, IA, 50265
- Plan Type: 403(b)
- Total Participants: 2,536
- Total Assets: $621.4M
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 | 2,536 | $621.4M | $6.5M | $8.8M |
| 2023 | 2,570 | $593.2M | $6.3M | $7.8M |
| 2022 | 2,137 | $496.0M | $4.7M | $5.6M |
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 | $621,997 | — | $621,997 |
| TIAA | Investment Advisor | $318,714 | — | $318,714 |
| PLANPILOT, LLC | Investment Advisor | $268,963 | — | $268,963 |
| PENTEGRA SERVICES, INC | Recordkeeper | $184,952 | — | $184,952 |
| CLIFTONLARSONALLEN, LLP | Auditor | $28,450 | — | $28,450 |
| PRM CONSULTING | Investment Advisor | $24,000 | — | $24,000 |
| LAW OFFICES OF ALLEN T. STEINBERG | Other Service Provider | $5,769 | — | $5,769 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — Investment Advisor
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,452,845
- Estimated Expense Ratio: 0.234% 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 | $1,449,703 | — | $821,903 | $136 | — |
| 2023 | $1,124,183 | $464,197 | $659,408 | — | — |
| 2022 | $857,387 | $1 | $377,027 | — | $480,359 |