Plan Snapshot
- Plan Sponsor: Mymichigan Health
- Sponsor EIN: 382459948
- Sponsor Address: 4000 WELLNESS DR, MIDLAND, MI, 48670
- Plan Type: 403(b)
- Total Participants: 10,440
- Total Assets: $818.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 10,440 | $818.1M | $25.8M | $43.8M |
| 2023 | 8,042 | $664.6M | $25.3M | $37.1M |
| 2022 | 6,800 | $531.5M | $19.0M | $31.5M |
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 |
|---|---|---|---|---|
| PLANTE AND MORAN | Auditor | $12,915 | — | $12,915 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,915
- Estimated Expense Ratio: 0.002% 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 | $209,688 | — | — | $12,915 | — |
| 2023 | $399,617 | — | $399,617 | — | — |
| 2022 | $373,616 | — | $370,791 | — | — |