Back to filter
Original filing (PDF)20251008144724NAL0005713073001
THE GOVERNING BOARD OF THE MI INDEPENDENT COLLEGES AND UNIVERSITIES
Form 5500
FILING_RECEIVED
MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN
403(b) retirement plan
Signals · 2
27% in single holding6 service providers
Active participants
1,396
Accounts w/ balance
3,324
Plan assets (EOY)
$334.9M
Net assets (EOY)
$334.9M
How this plan invests
This plan
1 pooled trust
Schedule D
73 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
87
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- Top holding "TIAA Traditional Annuity Contract" is 27% of plan.
- 19 bps in Schedule C fees — 91% above peer band of 10 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for THE GOVERNING BOARD OF THE MI INDEPENDENT COLLEGES AND UNIVERSITIES.
Plan sponsor
Name
THE GOVERNING BOARD OF THE MI INDEPENDENT COLLEGES AND UNIVERSITIES
EIN
84-2495214
Address
120 NORTH WASHINGTON SQUARE · SUITE 950 · LANSING, MI · 49933
Phone
(517) 372-9160
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
2025-10-08
Pension benefit codes
2L · 403(b)(1) annuity
2F · ERISA section 404(c)
2G · Total participant-directed accounts
Audit & trust (Schedule H)
Auditor
PLANCHECK(S)CPA'S LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
6 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TIAA | 13-1624203 | NEW YORK, NY | RECORDKEEPER | $101K | — |
Advisor / Consultant
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MILLENNIUM ADVISORY SERVICES | 54-2020086 | GLENN ALLEN, VA | ADVISOR | $318K | — |
| PLANPILOT | 45-4168388 | CHICAGO, IL | ADVISOR | $112K | — |
| PRM CONSULTING INC | 52-2156813 | WASHINGTON, DC | CONSULTANT | $12K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PENTEGRA SERVICES, INC | 13-3745616 | WHITE PLAINS, NY | TPA | $81K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PLANCHEC(K) CPAS | 84-2614035 | GAHANNA, OH | AUDITOR | $15K | — |
Investments
72 direct securities · 1 pooled fund· $334.8M(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
$328.6M
72 holdings
Pooled Separate Account
$6.1M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| TIAA Traditional Annuity Contract | — | — | — | $89.9M | 26.8% | |
| Vanguard Installment Index | — | — | — | $55.9M | 16.7% | |
| CREF Stock R2 | — | — | — | $54.8M | 16.4% | |
| CREF Growth R2 | — | — | — | $22.5M | 6.7% | |
| CREF Global Equities R2 | — | — | — | $14.7M | 4.4% | |
| American Europac Growth R6 | — | — | — | $13.8M | 4.1% | |
| CREF Equity Index R2 | — | — | — | $11.4M | 3.4% | |
| CREF Social Choice R2 | — | — | — | $7.1M | 2.1% | |
| Vanguard SPS-C 600 Index Inst | — | — | — | $6.7M | 2.0% | |
| America Fund New Perspective R6 | — | — | — | $6.6M | 2.0% | |
| CREF Core Bond R2 | — | — | — | $6.4M | 1.9% | |
| TIAA REAL ESTATE TIAA-CREF · EIN 13-1624203 / PN 004 | Pooled Separate Account | — | — | $6.1M | 1.8% | |
| Vanguard TTL Intl Stock Index ADM | — | — | — | $4.9M | 1.5% | |
| Vanguard INTR-TRM Bond Index | — | — | — | $4.4M | 1.3% | |
| CREF Money Market R2 | — | — | — | $3.6M | 1.1% | |
| PIMCO High Yeild Institutional | — | — | — | $3.4M | 1.0% | |
| Baird Aggregate Bond Inst | — | — | — | $3.0M | 0.9% | |
| CREF Inflation-Linked Bond R2 | — | — | — | $2.9M | 0.9% | |
| PIMCO Installment BD USDOLHED | — | — | — | $2.6M | 0.8% | |
| Vanguard Mid Cap Index ADM | — | — | — | $2.6M | 0.8% | |
| PIMCO Income FD Institutional | — | — | — | $1.9M | 0.6% | |
| Vanguard Inflation Protect Sec ADM | — | — | — | $1.6M | 0.5% | |
| Parnassus Core Equity | — | — | — | $1.6M | 0.5% | |
| Vanguard Cash Rsv Fed Money Market Adm | — | — | — | $1.2M | 0.3% | |
| EatonVanceEmergingMarkets LLC | — | — | — | $699K | 0.2% | |
| PIMCO Total Return Instalment | — | — | — | $636K | 0.2% | |
| Vanguard Federal Monet Market | — | — | — | $472K | 0.1% | |
| TIAA Access Lifecycle 2040 T4 | — | — | — | $455K | 0.1% | |
| CREF Growth R1 | — | — | — | $398K | 0.1% | |
| Principal Real Estate SEC R6 | — | — | — | $298K | <0.1% | |
| CREF Global Equities R1 | — | — | — | $289K | <0.1% | |
| CREF Stock R1 | — | — | — | $244K | <0.1% | |
| Participant notes receivable (interest rates 4.25% - 9.50%) | — | — | — | $216K | <0.1% | |
| TIAA Access Lifecycle 2030 T4 | — | — | — | $200K | <0.1% | |
| TIAA Access Lifecycle 2025 T4 | — | — | — | $196K | <0.1% | |
| Delaware Small Cap value R6 | — | — | — | $193K | <0.1% | |
| ClearBridge Small Cap Growth IS | — | — | — | $148K | <0.1% | |
| CREF Equity Index R1 | — | — | — | $131K | <0.1% | |
| TIAA Access Intl Equity T4 | — | — | — | $102K | <0.1% | |
| TIAA Access Lg-Cap Val T4 | — | — | — | $89K | <0.1% | |
| TIAA Access Lifecycle 2050 T4 | — | — | — | $81K | <0.1% | |
| AIG Retirement Services | — | — | — | $71K | <0.1% | |
| TIAA Mid-Cap Val T4 | — | — | — | $53K | <0.1% | |
| TIAA Access Real Est Secs T4 | — | — | — | $43K | <0.1% | |
| TIAA Access Lifecycle 2015 T4 | — | — | — | $34K | <0.1% | |
| TIAA Mid-Cap Growth T4 | — | — | — | $32K | <0.1% | |
| Fidelity Overseas | — | — | — | $31K | <0.1% | |
| TIAA Access Sm-Cap Bl Index T4 | — | — | — | $29K | <0.1% | |
| TIAA Access Lg-Cap Gr T4 | — | — | — | $23K | <0.1% | |
| TIAA Access Nuv Core Equity T4 | — | — | — | $23K | <0.1% | |
| TIAA Access Quant Sml Cp Eq T4 | — | — | — | $21K | <0.1% | |
| TIAA Access Lifecycle 2020 T4 | — | — | — | $17K | <0.1% | |
| TIAA Access Lifecycle 2045 T4 | — | — | — | $16K | <0.1% | |
| Fidelity Magellan | — | — | — | $12K | <0.1% | |
| Fidelity Low Priced Stock | — | — | — | $9K | <0.1% | |
| TIAA Access Core Bond Plus T4 | — | — | — | $8K | <0.1% | |
| Fidelity Value | — | — | — | $7K | <0.1% | |
| TIAA Access Lifecycle 2010 T4 | — | — | — | $6K | <0.1% | |
| Fidelity Blue Chip Growth | — | — | — | $5K | <0.1% | |
| TIAA Access Equity Index T4 | — | — | — | $5K | <0.1% | |
| Fidelity Stock Selector | — | — | — | $5K | <0.1% | |
| CREF Money Market R1 | — | — | — | $4K | <0.1% | |
| CREF Social Choice R1 | — | — | — | $4K | <0.1% | |
| TIAA Access Nuv Large Cap Res Eq T4 | — | — | — | $4K | <0.1% | |
| CREF Core Bond R1 | — | — | — | $3K | <0.1% | |
| CREF Inflation-Linked Bond R1 | — | — | — | $2K | <0.1% | |
| Fidelity Freedom 2030K | — | — | — | $2K | <0.1% | |
| TIAA Access Lifecycle 2035 T4 | — | — | — | $2K | <0.1% | |
| Fidelity Government Money Market | — | — | — | $1K | <0.1% | |
| TIAA Access Lfcylc Rtmt Inc T4 | — | — | — | $930 | <0.1% | |
| Fidelity Select Pharmaceutical | — | — | — | $710 | <0.1% | |
| Fidelity Select Wireless | — | — | — | $630 | <0.1% | |
| Fidelity Equity Div Income | — | — | — | $374 | <0.1% |