Other · DOL Form 5500 · 2023
The Governing Board of the Mi Independent Colleges and Universities Retirement Plan
Data updated 2026-08-25
- $315M
- Total assets Above avg plan size
- 1,222
- Participants Near avg headcount
- 96th
- Percentile by assets National rank
- $257,932
- Avg per participant Above avg balance/head
Official DOL plan name: Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan · Sponsored by The Governing Board of the Mi Independent Colleges and Universities · Michigan · Educational Services
$315M in assets, 1,222 participants
The Governing Board of the Mi Independent Colleges and Universities's Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan reported $315M in total assets and 1,222 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #3,517 in Educational Services (3,735 peers)
Where Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan sits by assets
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan sits in the top 5% of all filed plans by assets, $315M for 1,222 participants (~$257,932/participant), up 9.5% in 2023.
- #3,517
- in Educational Services (3,735 peers)
- +9.5%
- assets growth YoY
- 3.2×
- vs typical plan assets (national mean)
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan's outsized position by total assets
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$315,192,426 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan lands in the large band (1,222 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan reported net income rose from -$53M in the plan year 2022 filing to $27M in the plan year 2023 filing.
- Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan end-of-year assets rose from $288M in the plan year 2022 filing to $315M in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 842495214 · The Governing Board of the Mi Independent Colleges and Universities PY 2023 · Other
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan · $315M · 1,222 · 96th
- SCH $315M
- EBSA 1,222
- PART 96th
- TYPE Other
- NET near Marist College Defined Contribution Retirement Plan
- BOOK ind #3517
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Educational Services retirement plans → · Plans in Michigan →
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $288M |
|---|---|
| Net Assets (End of Year) | $315M |
| Net Income | $27M |
| Employer EIN | 842495214 |
| Plan Effective Date | 2019-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Governing Board of the Mi Independent Colleges and Universities)
Sponsor-wide plan assets over time
All The Governing Board of the Mi Independent Colleges and Universities plans reported in each filing year
- Latest sponsor-wide plan assets
- $335M 16.39790402216805% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,223 | $288M |
| 2023 | 1 | 1,222 | $315M |
| 2024 | 1 | 1,239 | $335M |
Nearby Other Plans in Michigan
Peer Other plans, same state, same plan type, ranked by total assets.
- Fca US LLC Salaried Employees' Savings Plan $4.8B · 16,630
- Fca US LLC UAW Savings Plan $4.7B · 49,473
- Beaumont Health 403(b) Retirement Savings Plan $2.6B · 33,717
- Henry Ford Health System Heritage 403(b) Plan $1.3B · 15,298
- Bronson Healthcare Group, Inc. 403(b) Tax Sheltered Matching Plan $1.0B · 8,357
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan's out-of-state Other peers by assets and headcount
Outside Michigan, the nearest Other by assets is Marist College Defined Contribution Retirement Plan in NY ($316M); by covered participants it is Drake University Mandatory Tax-Deferred Annuity Retirement Plan in IA (1,224 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($315M here).
- Marist College Defined Contribution Retirement Plan (NY) $316M · 857
- Rider University Defined Contribution Retirement Plan (NJ) $314M · 931
- The Cambridge Health Alliance Partnership Plan (MA) $316M · 3,521
- Lewis & Clark College Defined Contribution Retirement Plan and Tax Deferred Annuity Plan (OR) $316M · 789
Similar participant headcount
Nearest other-state filings by covered participants (1,222 participants); asset peers above are excluded.
- Drake University Mandatory Tax-Deferred Annuity Retirement Plan (IA) 1,224 · 2 off
- Northeast District Council of the Opcmia Annuity Fund (NY) 1,224 · 2 off
- Adelphi University Defined Contribution Retirement Plan (NY) 1,225 · 3 off
- Otis R. Bowen Center 403(b) Plan (IN) 1,226 · 4 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.