Plan Snapshot
- Plan Sponsor: Michigan Bac Pension Fund
- Sponsor EIN: 382895943
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 480980000
- Plan Type: DB
- Plan Number: 001
- Total Participants: 1,097
- Total Assets: $195.0M
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 | 1,097 | $195.0M | $10.8M | $0 |
| 2023 | 1,207 | $185.8M | $11.6M | $0 |
| 2022 | 1,140 | $166.8M | $10.9M | $0 |
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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $168,331 | — | $168,331 |
| LSV ASSET MANAGEMENT | Other Service Provider | $142,449 | — | $142,449 |
| NOVARA TESIJA, PLC | Other Service Provider | $114,043 | — | $114,043 |
| WEDGE CAPITAL PARTNERS | Other Service Provider | $110,296 | — | $110,296 |
| AMERICAN REALTY ADVISORS | Other Service Provider | $105,287 | — | $105,287 |
| COLUMBIA THREADNEEDLE INVESTMENTS | Other Service Provider | $101,018 | — | $101,018 |
| MORGAN STANLEY GLOBAL BANKING | Recordkeeper | $59,362 | — | $59,362 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $56,800 | — | $56,800 |
| TIC MIDWEST, LLC | Other Service Provider | $44,176 | — | $44,176 |
| NORTHERN TRUST | Other Service Provider | $35,161 | — | $35,161 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $25,300 | — | $25,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BANKING — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $962,223
- Estimated Expense Ratio: 0.494% 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 | $1,138,605 | $518,412 | $199,974 | $24,500 | — |
| 2023 | $967,665 | $369,361 | $152,584 | $23,600 | — |
| 2022 | $1,279,847 | $724,133 | $148,862 | — | $199,657 |