Plan Snapshot
- Plan Sponsor: Michigan State University Federal Credit Union
- Sponsor EIN: 381373106
- Sponsor Address: 3777 WEST ROAD, EAST LANSING, MI, 488235762
- Plan Type: 401(k)
- Total Participants: 1,444
- Total Assets: $177.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,444 | $177.2M | $9.6M | $8.6M |
| 2023 | 1,348 | $144.3M | $8.5M | $7.5M |
| 2022 | 1,184 | $111.7M | $5.6M | $5.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $187,952 | — | $187,952 |
| CAPFINANCIAL PARTNERS LLC | INVESTMENT ADVISORY | $91,122 | — | $91,122 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $279,074
- Estimated Expense Ratio: 0.157% 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 | $279,074 | $91,122 | $187,952 | — | — |
| 2023 | $212,031 | $60,220 | $151,811 | — | — |
| 2022 | $190,739 | $57,774 | $132,965 | — | — |