Back to filter
Original filing (PDF)20251006151116NAL0003908849001
IOWA INDEPENDENT HIGHER EDUCATION RESEARCH FOUNDATION
Form 5500
FILING_RECEIVED
IAICU MULTIPLE EMPLOYER PLAN
403(b) retirement plan
Signals · 2
No recordkeeper disclosed7 service providers
Active participants
2,536
Accounts w/ balance
5,530
Plan assets (EOY)
$621.4M
Net assets (EOY)
$621.4M
How this plan invests
This plan
1 pooled trust
Schedule D
74 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 23 bps in Schedule C fees — 290% above peer band of 6 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IOWA INDEPENDENT HIGHER EDUCATION RESEARCH FOUNDATION.
Plan sponsor
Name
IOWA INDEPENDENT HIGHER EDUCATION RESEARCH FOUNDATION
EIN
42-1420268
Address
3775 E.P. TRUE PARKWAY, #253 · WEST DES MOINES, IA · 50265
Phone
(515) 282-3175
Industry
Educational Servicessee all
Plan administrator
Name
PENTEGRA SERVICES, INC.
EIN
13-3745616
City
WHITE PLAINS, NY
Phone
(844) 367-2848
Plan characteristics
Plan number
333
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-06
Pension benefit codes
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2L · 403(b)(1) annuity
Audit & trust (Schedule H)
Auditor
CLIFTONLARSONALLEN LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
7 rowsAdvisor / Consultant
4| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MILLENNIUM ADVISORY SERVICES, INC | 54-2020086 | GLEN ALLEN, VA | INVESTMENT ADVISOR | $622K | — |
| TIAA | 13-1624203 | NEW YORK, NY | INVESTMENT ADVISOR | $319K | — |
| PLANPILOT, LLC | 45-4168388 | CHICAGO, IL | ADVISOR | $269K | — |
| PRM CONSULTING | 52-2156813 | WASHINGTON, DC | ADVISOR | $24K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PENTEGRA SERVICES, INC | 13-3745616 | WHITE PLAINS, NY | TPA | $185K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CLIFTONLARSONALLEN, LLP | 41-0746749 | MINNEAPOLIS, MN | AUDITOR | $28K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| LAW OFFICES OF ALLEN T. STEINBERG | 20-5657685 | EVANSTON, IL | OTHER | $6K | — |
Investments
73 direct securities · 1 pooled fund· $619.8M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$608.3M
73 holdings
Pooled Separate Account
$11.5M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| TIAA Traditional Non Benefit Responsive | — | — | — | $111.5M | 18.0% | |
| TIAA Trust, N.A Vanguard Inst Idx Inst | — | — | — | $106.5M | 17.1% | |
| CREF Stock R2 | — | — | — | $91.9M | 14.8% | |
| TIAA Traditional Benefit Responsive 2 | — | — | — | $34.0M | 5.5% | |
| CREF Growth R2 | — | — | — | $29.7M | 4.8% | |
| TIAA Trust, N.A American EuroPac Growth R6 | — | — | — | $28.8M | 4.6% | |
| TIAA Traditional Benefit Responsive | — | — | — | $26.2M | 4.2% | |
| CREF Global Equities R2 | — | — | — | $21.2M | 3.4% | |
| CREF Equity Index R2 | — | — | — | $19.8M | 3.2% | |
| CREF Social Choice R2 | — | — | — | $19.1M | 3.1% | |
| TIAA Trust, N.A American Fd New Perspective R6 | — | — | — | $13.6M | 2.2% | |
| TIAA REAL ESTATE TIAA-CREF · EIN 13-1624203 / PN 004 | Pooled Separate Account | — | — | $11.5M | 1.9% | |
| TIAA Trust, N.A PIMCO High Yield Institutional | — | — | — | $9.8M | 1.6% | |
| TIAA Trust, N.A Vanguard Ttl Intl Stk Idx Inst | — | — | — | $9.6M | 1.5% | |
| TIAA Trust, N.A Vanguard Intr | — | — | — | $8.8M | 1.4% | |
| CREF Core Bond R2 | — | — | — | $8.0M | 1.3% | |
| TIAA Trust, N.A Baird Aggregate Bond Inst | — | — | — | $7.2M | 1.2% | |
| TIAA Trust, N.A Vanguard S P S | — | — | — | $6.6M | 1.1% | |
| TIAA Trust, N.A PIMCO Intl Bd USDolHed Inst | — | — | — | $6.3M | 1.0% | |
| TIAA Trust, N.A Vanguard Small | — | — | — | $5.7M | 0.9% | |
| TIAA Traditional Non Benefit Responsive 2 | — | — | — | $4.7M | 0.8% | |
| TIAA Trust, N.A Vanguard Mid | — | — | — | $4.1M | 0.7% | |
| CREF Money Market R2 | — | — | — | $3.9M | 0.6% | |
| TIAA Trust, N.A PIMCO Income Fd Institutional | — | — | — | $3.6M | 0.6% | |
| CREF Inflation | — | — | — | $3.5M | 0.6% | |
| TIAA Trust, N.A Vanguard Infl Protect Sec Inst | — | — | — | $2.7M | 0.4% | |
| TIAA Stable Value | — | — | — | $2.4M | 0.4% | |
| TIAA Trust, N.A EatonVanceEmergingMrktsLclIncI | — | — | — | $2.1M | 0.3% | |
| TIAA Access Nuv LifCyc 2050 T3 | — | — | — | $1.9M | 0.3% | |
| TIAA Trust, N.A Parnassus Core Equity Inst | — | — | — | $1.4M | 0.2% | |
| TIAA Trust, N.A PIMCO Total Return Instl | — | — | — | $1.1M | 0.2% | |
| TIAA Access Nuv LifCyc 2045 T3 | — | — | — | $1.0M | 0.2% | |
| TIAA Trust, N.A PIMCO Intl Bd USDolHed Inst | — | — | — | $994K | 0.2% | |
| TIAA Trust, N.A Vanguard Federal Money Mkt Inv | — | — | — | $842K | 0.1% | |
| Participants Participant Loans Rates from 4.25% to 9.50% | — | — | — | $799K | 0.1% | |
| TIAA Trust, N.A Vanguard Cash Rsv Fed MMkt Adm | — | — | — | $774K | 0.1% | |
| TIAA Access Nuv LifCyc 2025 T3 | — | — | — | $744K | 0.1% | |
| TIAA Access TRP Inst LgCpGr T3 | — | — | — | $703K | 0.1% | |
| TIAA Trust, N.A Principal Real Estate Sec Inst | — | — | — | $684K | 0.1% | |
| TIAA Access Nuv LifCyc 2040 T3 | — | — | — | $620K | <0.1% | |
| TIAA Access Nuv LifCyc 2035 T3 | — | — | — | $525K | <0.1% | |
| TIAA Access Nuv Intl Eq Idx T3 | — | — | — | $392K | <0.1% | |
| TIAA Trust, N.A Nuveen Core Impact Bond R6 | — | — | — | $370K | <0.1% | |
| TIAA Access WstAst Cr Pl Bd T3 | — | — | — | $367K | <0.1% | |
| TIAA Trust, N.A Parnassus Core Equity Inst | — | — | — | $358K | <0.1% | |
| TIAA Trust, N.A Delaware Small Cap Val Inst | — | — | — | $306K | <0.1% | |
| TIAA Trust, N.A ClearBridge Small Cp Growth IS | — | — | — | $289K | <0.1% | |
| TIAA Access Nuv Short Tm Bd T3 | — | — | — | $268K | <0.1% | |
| TIAA Access Nuv LifCyc 2030 T3 | — | — | — | $242K | <0.1% | |
| TIAA Access Nuv Lg Cp Vl Ix T3 | — | — | — | $227K | <0.1% | |
| TIAA Access Nuv RlEstSecSel T3 | — | — | — | $222K | <0.1% | |
| TIAA Access Nuv LgCp Res Eq T3 | — | — | — | $219K | <0.1% | |
| TIAA Access Nuv Qt Sm Cp Eq T3 | — | — | — | $207K | <0.1% | |
| TIAA Access Nuv Lrg Cap Val T3 | — | — | — | $172K | <0.1% | |
| TIAA Access Nuv LifCyc 2015 T3 | — | — | — | $168K | <0.1% | |
| TIAA Access Nuv Sm Cp Bl Ix T3 | — | — | — | $165K | <0.1% | |
| TIAA Access Nuv Mid Cap Val T3 | — | — | — | $140K | <0.1% | |
| TIAA Access Nuv S&P 500 Idx T3 | — | — | — | $118K | <0.1% | |
| TIAA Access Nuv Mid Cap Grw T3 | — | — | — | $113K | <0.1% | |
| TIAA Access Nuv Core Equity T3 | — | — | — | $113K | <0.1% | |
| TIAA Access Nuv LifCyc 2055 T3 | — | — | — | $104K | <0.1% | |
| TIAA Access Nuv Intl Equity T3 | — | — | — | $94K | <0.1% | |
| TIAA Access Nuv LifCyc 2060 T3 | — | — | — | $92K | <0.1% | |
| TIAA Access Nuv LifCyc 2020 T3 | — | — | — | $62K | <0.1% | |
| TIAA Access Nuv High Yield T3 | — | — | — | $52K | <0.1% | |
| TIAA Access Nuv LifCyc 2010 T3 | — | — | — | $33K | <0.1% | |
| TIAA Trust, N.A Nuveen LfCycle Ix 2030 R6 | — | — | — | $32K | <0.1% | |
| TIAA Access Nuv Core Pl Bd T3 | — | — | — | $24K | <0.1% | |
| TIAA Access Nuv Equity Idx T3 | — | — | — | $23K | <0.1% | |
| TIAA Plan Loan Default Fund | — | — | — | $15K | <0.1% | |
| Ameriprise COL VP Overseas Core 3 | — | — | — | $14K | <0.1% | |
| TIAA Access Nuv Lg Cp Gr Ix T3 | — | — | — | $14K | <0.1% | |
| TIAA Access Nuv Lrg Cap Gr T3 | — | — | — | $10K | <0.1% | |
| Ameriprise COL VP Government MM C13 | — | — | — | $7K | <0.1% |
Related plans
Other plans using MILLENNIUM ADVISORY SERVICES, INC
THE GOVERNING COMMITTEE OF THE SECTION 403(B) DEFINED CONTRIBUTION
SECTION 403(B) DEFINED CONTRIBUTION PLAN FOR TAX-EXEMPT COLLEGES AND UNIVERSITIES IN VIRGINIA
$1.3B · 6,105 participants
GOVERNING COMMITTEE OF THE ILLINOIS INDEPENDENT COLLEGES AND UNIVERSI
ILLINOIS INDEPENDENT COLLEGES AND UNIVERSITIES MULTIPLE EMPLOYER PLAN
$503.5M · 1,567 participants
THE GOVERNING BOARD OF THE MI INDEPENDENT COLLEGES AND UNIVERSITIES
MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN
$334.9M · 1,396 participants
KETTERING UNIVERSITY
KETTERING UNIVERSITY RETIREMENT PLAN
$201.1M · 348 participants
CAMPBELL UNIVERSITY
CAMPBELL UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN
$198.8M · 1,862 participants
TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION, INC.
TICUA 403(B) DEFINED CONTRIBUTION PLAN
$150.3M · 1,238 participants
Similar-size Educational Services plans
SMITH COLLEGE
SMITH COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN
$628.7M · 1,903 participants
ADTALEM GLOBAL EDUCATION, INC.
ADTALEM GLOBAL EDUCATION RETIREMENT PLAN
$609.7M · 4,555 participants
PEPPERDINE UNIVERSITY
PEPPERDINE UNIVERSITY RETIREMENT PLAN
$633.5M · 2,003 participants
ITHACA COLLEGE
ITHACA COLLEGE 403(B) RETIREMENT PLAN
$635.3M · 1,595 participants
THE CATHOLIC UNIVERSITY OF AMERICA
THE CATHOLIC UNIVERSITY OF AMERICA RETIREMENT PLAN
$605.8M · 1,973 participants
YALE UNIVERSITY
YALE UNIVERSITY MATCHING RETIREMENT PLAN
$602.0M · 6,135 participants
Large plans in Iowa
PRINCIPAL LIFE INSURANCE COMPANY
PRINCIPAL LARGECAP S&P 500 INDEX SEPARATE ACCOUNT M
$43.4B
TRANSAMERICA RETIREMENT SOLUTIONS CORPORATION
TRANSAMERICA RETIREMENT SOLUTIONS COLLECTIVE TRUST
$13.7B
PRINCIPAL LIFE INSURANCE COMPANY
PRINCIPAL BOND MARKET INDEX SEPARATE ACCOUNT
$12.5B
PRINCIPAL LIFE INSURANCE COMPANY
PRINCIPAL U.S. PROPERTY SEPARATE ACCOUNT
$7.7B
PRINCIPAL LIFE INSURANCE COMPANY
PRINCIPAL MIDCAP S&P 400 INDEX SEPARATE ACCOUNT M
$5.5B
PRINCIPAL LIFE INSURANCE COMPANY
PRINCIPAL SMALLCAP S&P 600 INDEX SEPARATE ACCOUNT M
$5.4B