Plan Snapshot
- Plan Sponsor: The Governing Board Of The Mi Independent Colleges And Universities
- Sponsor EIN: 842495214
- Sponsor Address: 120 NORTH WASHINGTON SQUARE, LANSING, MI, 49933
- Plan Type: 403(b)
- Total Participants: 1,396
- Total Assets: $334.9M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,396 | $334.9M | $4.1M | $4.2M |
| 2023 | 1,212 | $315.2M | $3.9M | $4.0M |
| 2022 | 1,221 | $287.7M | $3.7M | $4.1M |
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 |
|---|---|---|---|---|
| PLANCHECK(S)CPA'S LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANCHECK(S)CPA'S LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,093,660 | — | $329,652 | — | — |
| 2023 | $1,053,097 | $472,484 | $329,652 | — | — |
| 2022 | $1,124,394 | $484,448 | $260,658 | — | $379,288 |