Michigan Virtual University 403(b) match, vesting and fees
What Michigan Virtual University's 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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Maner Costerisan (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,134 defined-contribution plans in educational services with 100 to 499 participants.
| Michigan Virtual University: employer contribution per participant | $3,826 | |
| Peer median | $1,684 |
| Michigan Virtual University: average balance | $127,203 | |
| Peer median | $62,952 |
| Michigan Virtual University: admin expenses ÷ assets | 0.25% | |
| Peer median | 0.17% |
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 $20.1M at the end of plan year 2021 to $24M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 413 | $24M | $723K | $3,826 | 0.25% | Not published | Form 5500 ↗ |
| 2023 | 426 | $20.9M | $626K | $3,262 | 0.22% | Not published | Form 5500 ↗ |
| 2022 | 114 | $17.1M | $932K | $13,131 | 0.18% | Not published | Form 5500 ↗ |
| 2021 | 118 | $20.1M | $840K | $11,356 | 0.25% | Not published | Form 5500 ↗ |
Common questions
Does Michigan Virtual University match 401(k) contributions?
The match terms for the Michigan Virtual University 403(b) Plan have not been published from its filing yet. The plan year 2024 filing reports $723K in employer contributions, about $3,826 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Michigan Virtual University 401(k) match vested?
The vesting schedule for the Michigan Virtual University 403(b) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Michigan Virtual University 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Michigan Virtual University.
I left Michigan Virtual University. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Michigan Virtual University, (517) 336-7733) or the recordkeeper, Principal Life Insurance Company. The Michigan Virtual University old 401(k) page lists the contacts from every plan filing. Find an old Michigan Virtual University 401(k)
Data from the public Form 5500 annual reports Michigan Virtual University 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 Virtual University. Not financial advice. Report a correction · Methodology