2023 Form 5500 filing — Michigan Independent Colleges And Universities 403(B) Multiple Employer Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240924114447NAL0023568946001) for Michigan Independent Colleges And Universities 403(B) Multiple Employer Plan, reported by The Governing Board Of The Mi Independent Colleges And Universities under EIN 84-2495214 and plan number 333. It reports 3,290 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924114447NAL0023568946001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- The Governing Board Of The Mi Independent Colleges And Universities
- EIN
- 84-2495214
- Plan number
- 333
- Location
- Lansing, MI
- Participants
- 3,290
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $315,192,426
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $315,192,426
- Employer contributions
- $3,892,796
- Participant contributions
- $4,016,273
- Total income / additions
- $51,499,748
- Benefits paid
- $22,987,230
- Administrative expenses
- $1,053,097
- Total expenses
- $24,040,327
- Net increase / (decrease)
- $27,459,421
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Millennium Advisory Services | ADVISOR | $263,936 | not reported in the loaded dataset |
| Planpilot | ADVISOR | $102,454 | not reported in the loaded dataset |
| Tiaa | RECORDKEEPER | $84,273 | $0 |
| Pentegra Services, Inc | TPA | $77,150 | not reported in the loaded dataset |
| Riggs, Cnslmn, Michales & Downes In | ADVISOR | $26,659 | not reported in the loaded dataset |
| Prm Consulting Inc | CONSULTANT | $12,000 | not reported in the loaded dataset |
| Planchec(K) Cpas | AUDITOR | $12,000 | not reported in the loaded dataset |