401k Plan data: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN plan

MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 401k Plan overview

Plan Name	MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN
Plan identification number	333

MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE GOVERNING BOARD OF THE MI INDEPENDENT COLLEGES AND UNIVERSITIES has sponsored the creation of one or more 401k plans.

Company Name: THE GOVERNING BOARD OF THE MI INDEPENDENT COLLEGES AND UNIVERSITIES

Employer identification number (EIN): 842495214

NAIC Classification: 611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
333 2022-01-01
333 2021-01-01
333 2020-01-01
333 2019-12-01

Plan Statistics for MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN

401k plan membership statisitcs for MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN

Measure Date Value
2022: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 3,371
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 1,221
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 2,074
Total of all active and inactive participants 2022-01-01 3,295
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 11
Total participants 2022-01-01 3,306
Number of participants with account balances 2022-01-01 3,259
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 1,486
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 1,225
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 2,138
Total of all active and inactive participants 2021-01-01 3,363
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 13
Total participants 2021-01-01 3,376
Number of participants with account balances 2021-01-01 3,344
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 1,482
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 637
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 863
Total of all active and inactive participants 2020-01-01 1,500
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 1,501
Number of participants with account balances 2020-01-01 1,491
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2019 401k membership
Total participants, beginning-of-year 2019-12-01 1,482
Total number of active participants reported on line 7a of the Form 5500 2019-12-01 633
Number of retired or separated participants receiving benefits 2019-12-01 0
Number of other retired or separated participants entitled to future benefits 2019-12-01 845
Total of all active and inactive participants 2019-12-01 1,478
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-12-01 2
Total participants 2019-12-01 1,480
Number of participants with account balances 2019-12-01 1,465
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-12-01 0

Measure	Date	Value
2022: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	3,371
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	1,221
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	2,074
Total of all active and inactive participants	2022-01-01	3,295
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	11
Total participants	2022-01-01	3,306
Number of participants with account balances	2022-01-01	3,259
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	1,486
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	1,225
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	2,138
Total of all active and inactive participants	2021-01-01	3,363
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	13
Total participants	2021-01-01	3,376
Number of participants with account balances	2021-01-01	3,344
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	1,482
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	637
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	863
Total of all active and inactive participants	2020-01-01	1,500
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	1,501
Number of participants with account balances	2020-01-01	1,491
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2019 401k membership
Total participants, beginning-of-year	2019-12-01	1,482
Total number of active participants reported on line 7a of the Form 5500	2019-12-01	633
Number of retired or separated participants receiving benefits	2019-12-01	0
Number of other retired or separated participants entitled to future benefits	2019-12-01	845
Total of all active and inactive participants	2019-12-01	1,478
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-12-01	2
Total participants	2019-12-01	1,480
Number of participants with account balances	2019-12-01	1,465
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-12-01	0

Financial Data on MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN

Measure	Date	Value
2022 : MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-30,414,242
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$22,442,440
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$21,318,046
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$8,221,855
Value of total assets at end of year	2022-12-31	$287,733,005
Value of total assets at beginning of year	2022-12-31	$340,589,687
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$1,124,394
Total interest from all sources	2022-12-31	$7,961
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$2,695,211
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$2,695,211
Administrative expenses professional fees incurred	2022-12-31	$379,288
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$4,093,265
Participant contributions at end of year	2022-12-31	$151,249
Participant contributions at beginning of year	2022-12-31	$195,620
Participant contributions at end of year	2022-12-31	$46,489
Participant contributions at beginning of year	2022-12-31	$50,325
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$397,296
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2022-12-31	$29,609
Other income not declared elsewhere	2022-12-31	$84,175
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-52,856,682
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$287,733,005
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$340,589,687
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$484,448
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$183,685,701
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$234,919,003
Value of interest in pooled separate accounts at end of year	2022-12-31	$9,581,210
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$9,907,245
Interest on participant loans	2022-12-31	$7,961
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$94,237,617
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$95,486,397
Expenses. Payments to insurance carriers foe the provision of benefits	2022-12-31	$1,985,151
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-42,253,186
Net investment gain/loss from pooled separate accounts	2022-12-31	$829,742
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$3,731,294
Employer contributions (assets) at end of year	2022-12-31	$30,739
Employer contributions (assets) at beginning of year	2022-12-31	$31,097
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$19,303,286
Contract administrator fees	2022-12-31	$260,658
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	Yes
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Disclaimer
Accountancy firm name	2022-12-31	PLANCHECK(S)CPA'S LLC
Accountancy firm EIN	2022-12-31	842614035
2021 : MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total transfer of assets to this plan	2021-12-31	$154,362,637
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$38,598,092
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$21,182,650
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$20,799,394
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$7,028,174
Value of total assets at end of year	2021-12-31	$340,589,687
Value of total assets at beginning of year	2021-12-31	$168,811,608
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$383,256
Total interest from all sources	2021-12-31	$3,780
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$3,796,115
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$2,179,769
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$3,195,123
Participant contributions at end of year	2021-12-31	$195,620
Participant contributions at beginning of year	2021-12-31	$11,703
Participant contributions at end of year	2021-12-31	$50,325
Participant contributions at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$570,130
Other income not declared elsewhere	2021-12-31	$-155,745
Administrative expenses (other) incurred	2021-12-31	$27,921
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$17,415,442
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$340,589,687
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$168,811,608
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$226,995
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$234,919,003
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$108,145,753
Value of interest in pooled separate accounts at end of year	2021-12-31	$9,907,245
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$4,678,372
Interest on participant loans	2021-12-31	$3,780
Interest earned on other investments	2021-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$95,486,397
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$55,975,780
Expenses. Payments to insurance carriers foe the provision of benefits	2021-12-31	$1,032,130
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$26,526,877
Net investment gain/loss from pooled separate accounts	2021-12-31	$1,398,891
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$3,262,921
Employer contributions (assets) at end of year	2021-12-31	$31,097
Employer contributions (assets) at beginning of year	2021-12-31	$0
Income. Dividends from common stock	2021-12-31	$1,616,346
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$19,767,264
Contract administrator fees	2021-12-31	$128,340
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2021-12-31	Yes
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Disclaimer
Accountancy firm name	2021-12-31	PLANCHECK(S)CPA'S LLC
Accountancy firm EIN	2021-12-31	842614035
2020 : MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$25,052,433
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$13,125,408
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$12,273,885
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$5,370,200
Value of total assets at end of year	2020-12-31	$168,811,608
Value of total assets at beginning of year	2020-12-31	$156,884,583
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$851,523
Total interest from all sources	2020-12-31	$354
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$700,516
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$700,516
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$2,095,451
Participant contributions at end of year	2020-12-31	$11,703
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$789,604
Other income not declared elsewhere	2020-12-31	$-76,587
Administrative expenses (other) incurred	2020-12-31	$7,317
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$11,927,025
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$168,811,608
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$156,884,583
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$804,949
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$108,145,753
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$93,874,876
Value of interest in pooled separate accounts at end of year	2020-12-31	$4,678,372
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$6,456,471
Interest on participant loans	2020-12-31	$354
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$55,975,780
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$56,553,236
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$2,494,896
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$19,113,241
Net investment gain/loss from pooled separate accounts	2020-12-31	$-55,291
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$2,485,145
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$9,778,989
Contract administrator fees	2020-12-31	$39,257
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2020-12-31	Yes
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	PLANCHECK(S)CPA'S LLC
Accountancy firm EIN	2020-12-31	842614035
2019 : MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$3,009,214
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$2,030,458
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,964,864
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$232,105
Value of total assets at end of year	2019-12-31	$156,999,097
Value of total assets at beginning of year	2019-12-31	$156,020,341
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$65,594
Total interest from all sources	2019-12-31	$183,558
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$575,381
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$575,381
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$113,437
Participant contributions at end of year	2019-12-31	$114,514
Participant contributions at beginning of year	2019-12-31	$117,114
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$34,903
Administrative expenses (other) incurred	2019-12-31	$12,876
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$978,756
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$156,999,097
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$156,020,341
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$1,994
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$93,874,876
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$94,063,567
Value of interest in pooled separate accounts at end of year	2019-12-31	$6,456,471
Value of interest in pooled separate accounts at beginning of year	2019-12-31	$7,272,601
Interest earned on other investments	2019-12-31	$183,558
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$56,553,236
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$54,567,059
Expenses. Payments to insurance carriers foe the provision of benefits	2019-12-31	$148,425
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,978,075
Net investment gain/loss from pooled separate accounts	2019-12-31	$40,095
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$83,765
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,816,439
Contract administrator fees	2019-12-31	$50,724
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No

Form 5500 Responses for MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN

2022: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Mulitple employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Mulitple employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Mulitple employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: MICHIGAN INDEPENDENT COLLEGES AND UNIVERSITIES 403(B) MULTIPLE EMPLOYER PLAN 2019 form 5500 responses
2019-12-01	Type of plan entity	Mulitple employer plan
2019-12-01	First time form 5500 has been submitted	Yes
2019-12-01	Submission has been amended	No
2019-12-01	This submission is the final filing	No
2019-12-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-12-01	Plan is a collectively bargained plan	No
2019-12-01	Plan funding arrangement – Insurance	Yes
2019-12-01	Plan funding arrangement – Trust	Yes
2019-12-01	Plan benefit arrangement – Insurance	Yes
2019-12-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )

Policy contract number

407876

Policy instance

Insurance contract or identification number	407876
Number of Individuals Covered	2605
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )

Policy contract number

407948

Policy instance

Insurance contract or identification number	407948
Number of Individuals Covered	1004
Insurance policy start date	2021-06-01
Insurance policy end date	2021-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	Yes
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Other information about contract	GUARANTEED INVESTMENT

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )

Policy contract number

407876

Policy instance

Insurance contract or identification number	407876
Number of Individuals Covered	1244
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )

Policy contract number

408065

Policy instance

Insurance contract or identification number	408065
Number of Individuals Covered	489
Insurance policy start date	2021-04-01
Insurance policy end date	2021-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )

Policy contract number

407880

Policy instance

Insurance contract or identification number	407880
Number of Individuals Covered	656
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )

Policy contract number

407881

Policy instance

Insurance contract or identification number	407881
Number of Individuals Covered	616
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )

Policy contract number

407881/407880

Policy instance

Insurance contract or identification number	407881/407880
Number of Individuals Covered	1342
Insurance policy start date	2019-12-01
Insurance policy end date	2019-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	THE GOVERNING BOARD OF THE MI INDEPENDENT COLLEGES AND UNIVERSITIES
Employer identification number (EIN):	842495214
NAIC Classification:	611000