Michigan Bac Pension Fund retirement plan: assets, participants and fees
What Michigan Bac Pension Fund's retirement plan 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 | Benesys, Inc. | Schedule C ↗ |
| Independent auditor | Benda, Grace, Stulz & Company, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 287 pension plans in construction with 1,000 to 4,999 participants.
| Michigan Bac Pension Fund: employer contribution per participant | $3,432 | |
| Peer median | $5,506 |
| Michigan Bac Pension Fund: average balance | $61,420 | |
| Peer median | $105,184 |
| Michigan Bac Pension Fund: admin expenses ÷ assets | 0.60% | |
| Peer median | 0.59% |
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 $165M at the end of plan year 2021 to $194M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,161 | $194M | $10.8M | $3,432 | 0.60% | Not published | Form 5500 ↗ |
| 2023 | 3,152 | $184M | $11.6M | $3,668 | 0.55% | Not published | Form 5500 ↗ |
| 2022 | 3,045 | $166M | $10.9M | $3,585 | 0.77% | Not published | Form 5500 ↗ |
| 2021 | 2,994 | $165M | $10.7M | $3,578 | 0.67% | Not published | Form 5500 ↗ |
Common questions
Does Michigan Bac Pension Fund match 401(k) contributions?
The match terms for the Michigan Bac Pension Fund have not been published from its filing yet. The plan year 2024 filing reports $10.8M in employer contributions, about $3,432 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Michigan Bac Pension Fund 401(k) match vested?
The vesting schedule for the Michigan Bac Pension Fund is not in the data published so far. Your Summary Plan Description states it.
Who manages the Michigan Bac Pension Fund 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Benesys, Inc.. The plan administrator is Michigan Bac Pension Fund.
I left Michigan Bac Pension Fund. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Michigan Bac Pension Fund, (517) 321-7502) or the recordkeeper, Benesys, Inc.. The Michigan Bac Pension Fund old 401(k) page lists the contacts from every plan filing. Find an old Michigan Bac Pension Fund 401(k)
Data from the public Form 5500 annual reports Michigan Bac Pension Fund 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 Michigan Bac Pension Fund. Not financial advice. Report a correction · Methodology