401k Plan data: ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP plan

ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 401k Plan overview

Plan Name	ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP
Plan identification number	333

ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP Benefits

401k Plan Type

Defined 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.
Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.

401k Sponsoring company profile

AICUO RESEARCH FOUNDATION has sponsored the creation of one or more 401k plans.

Company Name: AICUO RESEARCH FOUNDATION

Employer identification number (EIN): 310880079

NAIC Classification: 611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
333 2023-01-01
333 2022-12-01

Plan Statistics for ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP

401k plan membership statisitcs for ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP

Measure Date Value
2023: ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 2023 401k membership
Total participants, beginning-of-year 2023-01-01 4,235
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 1,821
Number of retired or separated participants receiving benefits 2023-01-01 2
Number of other retired or separated participants entitled to future benefits 2023-01-01 2,474
Total of all active and inactive participants 2023-01-01 4,297
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 15
Total participants 2023-01-01 4,312
Number of participants with account balances 2023-01-01 4,265
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 2
2022: ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 2022 401k membership
Total participants, beginning-of-year 2022-12-01 1,922
Total number of active participants reported on line 7a of the Form 5500 2022-12-01 813
Number of retired or separated participants receiving benefits 2022-12-01 0
Number of other retired or separated participants entitled to future benefits 2022-12-01 1,116
Total of all active and inactive participants 2022-12-01 1,929
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-12-01 0
Total participants 2022-12-01 1,929
Number of participants with account balances 2022-12-01 1,912
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-12-01 4

Measure	Date	Value
2023: ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 2023 401k membership
Total participants, beginning-of-year	2023-01-01	4,235
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	1,821
Number of retired or separated participants receiving benefits	2023-01-01	2
Number of other retired or separated participants entitled to future benefits	2023-01-01	2,474
Total of all active and inactive participants	2023-01-01	4,297
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	15
Total participants	2023-01-01	4,312
Number of participants with account balances	2023-01-01	4,265
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	2
2022: ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 2022 401k membership
Total participants, beginning-of-year	2022-12-01	1,922
Total number of active participants reported on line 7a of the Form 5500	2022-12-01	813
Number of retired or separated participants receiving benefits	2022-12-01	0
Number of other retired or separated participants entitled to future benefits	2022-12-01	1,116
Total of all active and inactive participants	2022-12-01	1,929
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-12-01	0
Total participants	2022-12-01	1,929
Number of participants with account balances	2022-12-01	1,912
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-12-01	4

Financial Data on ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP

Measure	Date	Value
2023 : ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total transfer of assets to this plan	2023-12-31	$246,388,025
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$44,765,423
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$22,019,593
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$21,712,675
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$8,260,454
Value of total assets at end of year	2023-12-31	$424,666,566
Value of total assets at beginning of year	2023-12-31	$155,532,711
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$306,918
Total interest from all sources	2023-12-31	$903,377
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$3,994,992
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$3,931,641
Participant contributions at end of year	2023-12-31	$416,188
Participant contributions at beginning of year	2023-12-31	$191,704
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$1,891,232
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2023-12-31	$29,137
Other income not declared elsewhere	2023-12-31	$211,851
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$22,745,830
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$424,666,566
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$155,532,711
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$274,732,461
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$94,674,059
Value of interest in pooled separate accounts at end of year	2023-12-31	$8,346,758
Value of interest in pooled separate accounts at beginning of year	2023-12-31	$3,655,994
Interest on participant loans	2023-12-31	$14,530
Interest earned on other investments	2023-12-31	$888,847
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$141,056,742
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$57,010,954
Expenses. Payments to insurance carriers foe the provision of benefits	2023-12-31	$1,944,206
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$32,168,553
Net investment gain/loss from pooled separate accounts	2023-12-31	$-773,804
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$2,437,581
Employer contributions (assets) at end of year	2023-12-31	$114,417
Employer contributions (assets) at beginning of year	2023-12-31	$0
Income. Dividends from common stock	2023-12-31	$3,994,992
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$19,739,332
Contract administrator fees	2023-12-31	$245,226
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	PLANCHEC(K) CPA'S LLC
Accountancy firm EIN	2023-12-31	842614035
2022 : ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total transfer of assets to this plan	2022-12-31	$160,760,584
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	$-3,967,560
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,260,313
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,252,304
Expenses. Certain deemed distributions of participant loans	2022-12-31	$1,749
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$261,523
Value of total assets at end of year	2022-12-31	$155,532,711
Value of total assets at beginning of year	2022-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$6,260
Total interest from all sources	2022-12-31	$206,002
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$707,986
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	$707,986
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	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$170,939
Participant contributions at end of year	2022-12-31	$191,704
Participant contributions at beginning of year	2022-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$42
Other income not declared elsewhere	2022-12-31	$-57,240
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	$-5,227,873
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$155,532,711
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$0
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$94,674,059
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$0
Value of interest in pooled separate accounts at end of year	2022-12-31	$3,655,994
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$0
Interest on participant loans	2022-12-31	$770
Interest earned on other investments	2022-12-31	$205,232
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$57,010,954
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-4,986,980
Net investment gain/loss from pooled separate accounts	2022-12-31	$-98,851
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	Yes
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	$90,542
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,252,304
Contract administrator fees	2022-12-31	$6,260
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

Form 5500 Responses for ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP

2023: ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 2023 form 5500 responses
2023-01-01	Type of plan entity	Mulitple employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP 2022 form 5500 responses
2022-12-01	Type of plan entity	Mulitple employer plan
2022-12-01	First time form 5500 has been submitted	Yes
2022-12-01	Submission has been amended	No
2022-12-01	This submission is the final filing	No
2022-12-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2022-12-01	Plan is a collectively bargained plan	No
2022-12-01	Plan funding arrangement – Insurance	Yes
2022-12-01	Plan funding arrangement – Trust	Yes
2022-12-01	Plan benefit arrangement – Insurance	Yes
2022-12-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

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

Policy contract number

408415408318

Policy instance

Insurance contract or identification number	408415408318
Number of Individuals Covered	1461
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
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

408415

Policy instance

Insurance contract or identification number	408415
Number of Individuals Covered	391
Insurance policy start date	2023-03-01
Insurance policy end date	2023-12-31
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

408513

Policy instance

Insurance contract or identification number	408513
Number of Individuals Covered	881
Insurance policy start date	2023-12-01
Insurance policy end date	2023-12-31
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

408510

Policy instance

Insurance contract or identification number	408510
Number of Individuals Covered	546
Insurance policy start date	2023-10-01
Insurance policy end date	2023-12-31
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

408318

Policy instance

Insurance contract or identification number	408318
Number of Individuals Covered	1482
Insurance policy start date	2022-12-01
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

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See full terms and conditions

Company Name:	AICUO RESEARCH FOUNDATION
Employer identification number (EIN):	310880079
NAIC Classification:	611000