Other · DOL Form 5500 · 2024
The Governing Board of the Mi Independent Colleges and Universities Retirement Plan
Data updated 2026-08-25
- $335M
- Total assets Above avg plan size
- 1,239
- Participants Near avg headcount
- 96th
- Percentile by assets National rank
- $270,311
- Avg per participant High 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
$335M in assets, 1,239 participants
The Governing Board of the Mi Independent Colleges and Universities's Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan reported $335M in total assets and 1,239 participants in its 2024 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.
- #3,412 in Educational Services (3,638 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, $335M for 1,239 participants (~$270,311/participant), up 6.3% in 2024.
- #3,412
- in Educational Services (3,638 peers)
- +6.3%
- assets growth YoY
- 3.4×
- 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 2024 · DOL Form 5500
$334,915,187 Top 4% higher than 96% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan's large-plan peer group by participant headcount
Plan-year 2024 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 (1,239 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan reported net income fell from $27M in the plan year 2023 filing to $15M in the plan year 2024 filing.
- Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan end-of-year assets rose from $315M in the plan year 2023 filing to $335M in the plan year 2024 filing.
- Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan reported participants rose from 1,222 in the plan year 2023 filing to 1,239 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 842495214 · The Governing Board of the Mi Independent Colleges and Universities PY 2024 · Other
Michigan Independent Colleges and Universities 403(b) Multiple Employer Plan · $335M · 1,239 · 96th
- EOY $335M
- 5500 1,239
- ASSETS 96th
- PCT Other
- EIN near Quinnipiac University Defined Contribution Retirement Plan
- RANK ind #3412
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 (2024)
| Total Assets (Beginning of Year) | $315M |
|---|---|
| Net Assets (End of Year) | $335M |
| Net Income | $15M |
| 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 UAW Savings Plan $5.2B · 44,591
- Fca US LLC Salaried Employees' Savings Plan $5.1B · 15,683
- Spectrum Health System 403(b) Plan $3.2B · 32,821
- Beaumont Health 403(b) Retirement Savings Plan $3.0B · 34,160
- Henry Ford Health System Heritage 403(b) Plan $1.4B · 14,465
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 Quinnipiac University Defined Contribution Retirement Plan in CT ($335M); by covered participants it is Babson College Retirement Plan in MA (1,240 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($335M here).
- Quinnipiac University Defined Contribution Retirement Plan (CT) $335M · 1,310
- Champlain Valley Physicians Hospital 403(b) Retirement Savings Plan (NY) $335M · 2,256
- Western University of Health Sciences 403(b) Plan (CA) $336M · 1,480
- Bill & Melinda Gates Foundation Employee Retirement Plan (WA) $336M · 1,926
Similar participant headcount
Nearest other-state filings by covered participants (1,239 participants); asset peers above are excluded.
- Babson College Retirement Plan (MA) 1,240 · 1 off
- The Harker School 403(b) Tax Deferred Annuity Plan (CA) 1,241 · 2 off
- Neighborhood Healthcare 403(b) Retirement Plan (CA) 1,241 · 2 off
- Colorado Christian University 403(b) Retirement Plan (CO) 1,236 · 3 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.