Plan Snapshot
- Plan Sponsor: Michigan Credit Union League
- Sponsor EIN: 380826778
- Sponsor Address: PO BOX 190, ROYAL OAK, MI, 48068
- Plan Type: 401(k)
- Total Participants: 9,626
- Total Assets: $996.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 9,626 | $996.3M | $32.5M | $40.5M |
| 2023 | 9,086 | $903.7M | $30.8M | $37.3M |
| 2022 | 8,840 | $760.3M | $29.8M | $35.4M |
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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | NONE | $1,604,304 | — | $1,604,304 |
| BENEFITS INVESTMENT CONSULTING | INVESTMENT MANAGEMENT | — | $89,417 | $89,417 |
| FIDUCIENT ADVISORS | INVESTMENT ADVISORY | $80,310 | — | $80,310 |
| WARNER, NORCROSS & JUDD LLP | LEGAL | $70,206 | — | $70,206 |
| NATIONAL CU SERVICES | INSURANCE SERVICES | $55,105 | — | $55,105 |
| DOEREN MAYHEW ASSURANCE | Auditor | $40,000 | — | $40,000 |
| DOEREN MAYHEW | AUDIT | $40,000 | — | $40,000 |
| MATRIX | INVESTMENT MANAGEMENT | — | $5,000 | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — NONE
- WARNER, NORCROSS & JUDD LLP — LEGAL
- DOEREN MAYHEW ASSURANCE — Auditor
- MATRIX — INVESTMENT MANAGEMENT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,984,342
- Estimated Expense Ratio: 0.199% 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 | $1,852,195 | $80,311 | $457,206 | $40,000 | — |
| 2023 | $1,923,695 | $80,000 | $462,629 | $40,000 | — |
| 2022 | $1,792,400 | — | $265,820 | — | $1,526,580 |