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403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK 401k Plan overview

Plan Name403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK
Plan identification number 001

403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

MICHIGAN COLLEGE ACCESS NETWORK has sponsored the creation of one or more 401k plans.

Company Name:MICHIGAN COLLEGE ACCESS NETWORK
Employer identification number (EIN):364619621
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RYAN FEWINS-BLISS2024-09-16
0012022-01-01MARK WALKER2023-09-15
0012021-01-01MARK WALKER2022-08-22
0012020-01-01MARK WALKER2021-06-30
0012019-01-01MARK WALKER2020-07-16
0012018-01-01MARK WALKER2019-09-10
0012017-01-01NANCY E LYNN2018-04-17
0012016-01-01NANCY E LYNN2017-04-04

Plan Statistics for 403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK

401k plan membership statisitcs for 403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK

Measure Date Value
2024: 403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK 2024 401k membership
Total number of particpants at beginning of year2024-09-1655
Total number of particpants at end of year2024-09-1662
Number of Participants With Account Balances2024-09-1660

Financial Data on 403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK

Measure Date Value
2024 : 403(B) THRIFT PLAN OF MICHIGAN COLLEGE ACCESS NETWORK 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-160
Total liabilities as of the end of the plan year2024-09-160
Total liabilities as of the beginning of the plan year2024-09-160
Total expenses incurred by plan in this plan year2024-09-16143059
Net assets as of the end of the plan year2024-09-161378021
Total assets as of the beginning of the plan year2024-09-161048637
Value of plan covered by a fidelity bond2024-09-1615000
Participant contributions to plan in this plan year2024-09-16103195
Other expenses paid from plan in this plan year2024-09-160
Other contributions to plan in this plan year2024-09-1643833
Other income to plan in this plan year2024-09-16192888
Plan net income in this plan year2024-09-16329384
Net assets as of the end of the plan year2024-09-161378021
Net assets as of the beginning of the plan year2024-09-161048637
Employer contributions to plan in this plan year2024-09-16132527
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-16221

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