# Michigan Virtual University 403(b) Plan
Source: https://planprovider.pro/companies/michigan-virtual-university-403b-plan

> Michigan Virtual University's 403(b) plan: 359 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Michigan Virtual University

- **Sponsor EIN:** 383414105

- **Sponsor Address:** 920 MUNICIPAL WAY, LANSING, MI, 489176872

- **Plan Type:** 403(b)

- **Total Participants:** 359

- **Total Assets:** $24.0M

## 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:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|359|$24.0M|$723,060|$856,505|

| 2023|376|$20.9M|$626,213|$817,878|

| 2022|69|$17.1M|$932,278|$798,275|

## 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|$53,966|—|$53,966|

| MMA SECURITIES LLC|INVESTMENT ADVISORY|—|$33,558|$33,558|

| NATIONAL BENEFIT SERVICES LLC|CONTRACT ADMINISTRATOR|$2,849|$8,456|$11,305|

| MANER COSTERISAN|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MMA SECURITIES LLC](https://planprovider.pro/provider/lpl-financial-llc) — INVESTMENT ADVISORY

- [MANER COSTERISAN](https://planprovider.pro/provider/maner-costerisan-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $98,829

- **Estimated Expense Ratio:** 0.411% 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|$56,815|—|—|—|—|

| 2023|$42,643|—|—|—|—|

| 2022|$33,127|—|—|—|—|

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