Governing Board of the Mi Independent Colleges and Universities 403(b) match, vesting and fees
What Governing Board of the Mi Independent Colleges and Universities' 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | TIAA | Schedule C ↗ |
| Independent auditor | Plancheck(S)cpa'S LLC (disclaimer opinion) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 441 defined-contribution plans in educational services with 1,000 to 4,999 participants.
| Governing Board of the Mi Independent Colleges and Universities: employer contribution per participant | $1,226 | |
| Peer median | $2,130 |
| Governing Board of the Mi Independent Colleges and Universities: average balance | $100,757 | |
| Peer median | $126,258 |
| Governing Board of the Mi Independent Colleges and Universities: admin expenses ÷ assets | 0.34% | |
| Peer median | 0.07% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $341M at the end of plan year 2021 to $335M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,467 | $335M | $4.1M | $1,226 | 0.34% | Not published | Form 5500 ↗ |
| 2023 | 3,311 | $315M | $3.9M | $1,194 | 0.35% | Not published | Form 5500 ↗ |
| 2022 | 3,306 | $288M | $3.7M | $1,145 | 0.36% | Not published | Form 5500 ↗ |
| 2021 | 3,376 | $341M | $3.3M | $976 | 0.15% | Not published | Form 5500 ↗ |
Common questions
Does Governing Board of the Mi Independent Colleges and Universities match 401(k) contributions?
The match terms for the Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan have not been published from its filing yet. The plan year 2024 filing reports $4.1M in employer contributions, about $1,226 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Governing Board of the Mi Independent Colleges and Universities 401(k) match vested?
The vesting schedule for the Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Governing Board of the Mi Independent Colleges and Universities 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is TIAA. The plan administrator is Pentegra Services, Inc..
I left Governing Board of the Mi Independent Colleges and Universities. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Pentegra Services, Inc., (844) 367-2848) or the recordkeeper, TIAA. The Governing Board of the Mi Independent Colleges and Universities old 401(k) page lists the contacts from every plan filing. Find an old Governing Board of the Mi Independent Colleges and Universities 401(k)
Data from the public Form 5500 annual reports Governing Board of the Mi Independent Colleges and Universities filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Governing Board of the Mi Independent Colleges and Universities. Not financial advice. Report a correction · Methodology