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Original filing (PDF)20251008144935NAL0005716193001
THE GOVERNING BOARD OF THE PENNSYLVANIA ASSOCIATION OF
Form 5500
FILING_RECEIVED
PENNSYLVANIA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES MULTIPLE EMPLOYER PLAN
403(b) retirement plan
Signals · 2
No recordkeeper disclosed9 service providers
Active participants
2,445
Accounts w/ balance
4,567
Plan assets (EOY)
$543.3M
Net assets (EOY)
$543.3M
How this plan invests
This plan
2 pooled trusts
Schedule D
93 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
88
/ 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
68
Participation health
100
Knocking points off
- 19 bps in Schedule C fees — 209% above peer band of 6 bps.
- No recordkeeper disclosed on Schedule C.
- Highly fragmented vendor stack (9 disclosed providers, 5 categories).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for THE GOVERNING BOARD OF THE PENNSYLVANIA ASSOCIATION OF.
Plan sponsor
Name
THE GOVERNING BOARD OF THE PENNSYLVANIA ASSOCIATION OF
DBA
INDEPENDENT COLLEGES & UNIVERSITIES MULTIPLE EMPLOYER PLAN
EIN
84-3430131
Address
101 NORTH FRONT STREET · HARRISBURG, PA · 17101
Phone
(717) 232-8649
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
2E · Profit-sharing
2G · Total participant-directed accounts
2L · 403(b)(1) annuity
2T · Default investment account (QDIA)
Audit & trust (Schedule H)
Auditor
CLIFTONLARSONALLEN LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
9 rowsAdvisor / Consultant
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TIAA | 13-1624203 | NEW YORK, NY | INVESTMENT ADVISOR | $276K | — |
| PLANPILOT | 45-4168388 | CHICAGO, IL | ADVISOR | $132K | — |
| RIGGS,CNSLMN,MICHAELS & DOWNES INC | 52-0555835 | BALTIMORE, MD | INVESTMENT ADVISORY | $9K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| AICUP | 25-1666617 | HARRISBURG, PA | CONTRACT ADMINISTRATOR | $24K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | 41-0746749 | BELTSVILLE, MD | AUDITOR | $30K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| LAW OFFICES OF ALLEN T STEINBERG PC | 20-5657685 | EVANSTON, IL | ATTORNEY | $11K | — |
Other
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MILLENIUM ADVISORY SERVICES, INC | 54-2020086 | GLEN ALLEN, VA | INVESTMENT PROVIDER | $366K | — |
| PENTEGRA SERVICES, INC. | 13-3745616 | WHITE PLAINS, NY | ADMINISTRATOR | $119K | — |
| PRM CONSULTING INC | 52-2156813 | WASHINGTON, DC | CONSULTING | $42K | — |
Investments
92 direct securities · 2 pooled funds· $543.4M(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
$535.0M
92 holdings
Pooled Separate Account
$8.4M
2 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Institutional Index Fund Institutional Plus | — | — | — | $107.2M | 19.7% | |
| TIAA Traditional Non Benefit Responsive | — | — | — | $87.7M | 16.1% | |
| CREF Stock R2 | — | — | — | $70.9M | 13.0% | |
| American Funds American Funds EuroPacific Growth Fund R6 | — | — | — | $32.2M | 5.9% | |
| CREF Growth R2 | — | — | — | $28.5M | 5.3% | |
| TIAA Traditional Benefit Responsive 2 | — | — | — | $27.4M | 5.0% | |
| CREF Global Equities R2 | — | — | — | $21.0M | 3.9% | |
| CREF Equity Index R2 | — | — | — | $17.6M | 3.2% | |
| TIAA Traditional Non Benefit Responsive 2 | — | — | — | $14.7M | 2.7% | |
| American Funds American Funds New Perspective Fund R6 | — | — | — | $14.1M | 2.6% | |
| TIAA Traditional Benefit Responsive | — | — | — | $12.4M | 2.3% | |
| CREF Social Choice R2 | — | — | — | $10.0M | 1.8% | |
| Vanguard S&P Small-Cap 600 Index Fund Institutional | — | — | — | $10.0M | 1.8% | |
| CREF Core Bond R2 | — | — | — | $9.5M | 1.8% | |
| PIMCO Investments PIMCO High Yield Fund Institutional | — | — | — | $8.7M | 1.6% | |
| TIAA REAL ESTATE TIAA-CREF · EIN 13-1624203 / PN 004 | Pooled Separate Account | — | — | $8.0M | 1.5% | |
| PIMCO Investments PIMCO International Bond Fund U.S. Dollar-Hedged Inst | — | — | — | $6.2M | 1.1% | |
| Vanguard Intermediate-Term Bond Index Fund Admiral | — | — | — | $6.1M | 1.1% | |
| Vanguard Total International Stock Index Fund Inst | — | — | — | $5.9M | 1.1% | |
| PIMCO Investments PIMCO Income Fund Institutional | — | — | — | $5.1M | 0.9% | |
| Baird Aggregate Bond Fund Institutional | — | — | — | $4.8M | 0.9% | |
| Vanguard S&P Mid-Cap 400 Index Fund | — | — | — | $4.3M | 0.8% | |
| CREF Money Market R2 | — | — | — | $4.0M | 0.7% | |
| CREF Inflation-Linked Bond R2 | — | — | — | $3.6M | 0.7% | |
| Vanguard Inflation-Protected Securities Fund Admiral | — | — | — | $3.2M | 0.6% | |
| Vanguard Federal Money Market | — | — | — | $2.8M | 0.5% | |
| EatonVance Emerging Markets | — | — | — | $1.8M | 0.3% | |
| PIMCO Investments PIMCO Total Return Fund Institutional | — | — | — | $1.5M | 0.3% | |
| Participant Loans Rates from 4.25% to 9.50% with Various Maturities - | — | — | — | $1.5M | 0.3% | |
| Putnam Large Cap Value Fund Y | — | — | — | $1.1M | 0.2% | |
| AllianceBernstein Large Cap Growth Fund Adv | — | — | — | $912K | 0.2% | |
| Vanguard Total International Stock Index Fund Admiral | — | — | — | $773K | 0.1% | |
| Putnam Large Cap Value Fund R6 | — | — | — | $739K | 0.1% | |
| TIAA Access TIAA Access Lifecycle 2050 Fund T4 | — | — | — | $651K | 0.1% | |
| TIAA Access TIAA Access Inflation Linked Bond T4 818 * TIAA Access TIAA Access International Equity Fund T4 | — | — | — | $532K | <0.1% | |
| TIAA Access TIAA Access Lifecycle 2030 Fund T4 | — | — | — | $515K | <0.1% | |
| TIAA Access TIAA Access Nuveen Large Cap Value T4 | — | — | — | $477K | <0.1% | |
| TIAA Access TIAA Access Lifecycle 2035 Fund T4 | — | — | — | $463K | <0.1% | |
| TIAA Access TIAA Access Lifecycle 2040 Fund T4 | — | — | — | $462K | <0.1% | |
| TIAA Access TIAA Access Lifecycle 2025 Fund T4 | — | — | — | $428K | <0.1% | |
| TIAA Stable Value | — | — | — | $425K | <0.1% | |
| POOLED SEPARATE ACCOUNT 48 AXA EQUITABLE LIFE INSURANCE COMPANY · EIN 13-5570651 / PN 000 | Pooled Separate Account | — | — | $416K | <0.1% | |
| TIAA Access TIAA Access Nuveen Quant Small-Cap Equity Fund T4 | — | — | — | $387K | <0.1% | |
| TIAA Access TIAA Access Core Equity Fund T4 | — | — | — | $360K | <0.1% | |
| AllianceBernstein Large Cap Growth Fund Z | — | — | — | $333K | <0.1% | |
| TIAA Access TIAA Access Lifecycle 2020 Fund T4 | — | — | — | $330K | <0.1% | |
| TIAA Access TIAA Access Nuveen Mid-Cap Value Fund T4 | — | — | — | $298K | <0.1% | |
| TIAA Access TIAA Access Lifecycle 2045 Fund T4 | — | — | — | $292K | <0.1% | |
| TIAA Access TIAA Access Nuveen Real Estate Securities Fund T4 | — | — | — | $285K | <0.1% | |
| TIAA Access TIAA Access Nuveen Small-Cap Blend Index Fund T4 | — | — | — | $277K | <0.1% | |
| Parnassus Investments Parnassus Core Equity Institutional | — | — | — | $262K | <0.1% | |
| TIAA Access TIAA Access Nuveen Large Cap Growth T4 | — | — | — | $229K | <0.1% | |
| BlackRock Mid Cap Growth Equity Portfolio Inst | — | — | — | $145K | <0.1% | |
| Principal Funds Principal Real Estate Securities Fund R6 | — | — | — | $125K | <0.1% | |
| Allspring Spec Mid Cap Val Inst | — | — | — | $120K | <0.1% | |
| Principal Funds Principal Real Estate Securities Fund Inst | — | — | — | $115K | <0.1% | |
| BlackRock Mid Cap Growth Equity Fund K | — | — | — | $113K | <0.1% | |
| TIAA Access TIAA Access Nuveen Mid-Cap Growth Fund T4 | — | — | — | $90K | <0.1% | |
| Nuveen Core Impact Bond R6 | — | — | — | $78K | <0.1% | |
| Equitable Financial Equity 500 Index | — | — | — | $78K | <0.1% | |
| Equitable Financial Large Cap Growth Managed Volatility | — | — | — | $65K | <0.1% | |
| ClearBridge Small Cap Growth | — | — | — | $56K | <0.1% | |
| TIAA Access TIAA Access Core Bond Plus Fund T4 | — | — | — | $55K | <0.1% | |
| Allspring Spec Mid Cap Val R6 | — | — | — | $54K | <0.1% | |
| TIAA Access TIAA Access Nuveen Money Market Fund T4 | — | — | — | $49K | <0.1% | |
| TIAA Access TIAA Access Core Bond Fund T4 | — | — | — | $46K | <0.1% | |
| Equitable Financial Loomis Sayles Growth | — | — | — | $40K | <0.1% | |
| Equitable Financial Guaranteed Interest Account | — | — | — | $39K | <0.1% | |
| TIAA Plan Loan Default Fund | — | — | — | $38K | <0.1% | |
| Equitable Financial Mid Cap Index | — | — | — | $37K | <0.1% | |
| TIAA Access TIAA Access Lifecycle 2055 Fund T4 | — | — | — | $34K | <0.1% | |
| TIAA Access TIAA Access Equity Index Fund T4 | — | — | — | $33K | <0.1% | |
| Equitable Financial International Core Managed Volatility | — | — | — | $32K | <0.1% | |
| Delaware Group Delaware Small Cap Value Fund R6 | — | — | — | $28K | <0.1% | |
| Equitable Financial Aggressive Allocation | — | — | — | $27K | <0.1% | |
| Equitable Financial Moderate Allocation | — | — | — | $25K | <0.1% | |
| Delaware Group Delaware Small Cap Value Fund Inst | — | — | — | $23K | <0.1% | |
| Equitable Financial Target 2035 Allocation | — | — | — | $17K | <0.1% | |
| Equitable Financial Small Company Index | — | — | — | $13K | <0.1% | |
| Equitable Financial AB Small Cap Growth | — | — | — | $12K | <0.1% | |
| Equitable Financial International Equity Index | — | — | — | $11K | <0.1% | |
| Equitable Financial Invesco Comstock | — | — | — | $11K | <0.1% | |
| Equitable Financial Capital Group Research | — | — | — | $9K | <0.1% | |
| Equitable Financial Global Equity Managed Volatility | — | — | — | $8K | <0.1% | |
| Equitable Financial Moderate-Plus Allocation | — | — | — | $7K | <0.1% | |
| Equitable Financial Large Cap Value Managed Volatility | — | — | — | $5K | <0.1% | |
| TIAA Access TIAA Access Lifecycle Retirement Income Fund T4 | — | — | — | $4K | <0.1% | |
| Equitable Financial Mid Cap Value Managed Volatility | — | — | — | $3K | <0.1% | |
| Equitable Financial Target 2025 Allocation | — | — | — | $3K | <0.1% | |
| Equitable Financial 1290 VT Small Cap Value | — | — | — | $3K | <0.1% | |
| Equitable Financial 500 Managed Volatility | — | — | — | $3K | <0.1% | |
| Equitable Financial Balanced Strategy | — | — | — | $3K | <0.1% | |
| Equitable Financial Value Equity | — | — | — | $2K | <0.1% | |
| Equitable Financial Money Market | — | — | — | $1K | <0.1% |