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403(b) Multiple Employer Plan (MEP) Boot Camp

Tuesday, July 17, 2018 - 9:00am

Michigan Independent Colleges & Universities (MICU) is hosting a Boot Camp for members to learn about the 403(b) Multiple Employer Plan (MEP). The 403(b) MEP is a solution to modernize 403(b) plan compliance while improving plan performance through leveraged collaboration.

This event is for MICU members only.

Benefits for participants include:

  • Expanded investment options
  • Savings on management fees
  • Additional services on financial management
  • Better Retirement planning and preparation

Advantages for institutions include:

  • One form 5500 and one plan audit
  • Pooled assets resulting in better pricing from 403(b) service providers
  • Outsourced fiduciary administration means less work
  • Centralized governance allows for less oversight required at institutional level
  • Risk reduction and ensured compliance with ERISA

The Boot Camp will included presentations from:

  • TIAA (Record Keeper) 
  • Pentegra (3(16) Administrator)
  • PlanPilot (Investment Advisor)
  • Millennium Advisory Services, Inc. (Participant Advisor)
  • PRM Consulting Group (MEP Facilitator/Coordinator)

The Boot Camp will include information on cost savings, operational compliance, work that will be outsourced to reduce institutional work loads/risks/liability, process of transitioning to MEP, communication/messaging to employees, enhanced participant services and field consultant services, and more!

Please join us on Tuesday, July 17 from 9:00am-3:00pm. Contact Shannon Price to register.