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MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN

Plan Contact

  • Address: 920 MUNICIPAL WAY,LANSING,MI
  • Phone: (517) 336-7733

Plan General Information

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN is $20,919,484.00.This plan was established in 1999.

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN is 448

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN is $46,695.00

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN is $2,874.00.

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN is approximately $1,397.00
Investing in this additonal $1,397.00 for 20 years would give you extra $89,459.00, assuming a 10% annual return.

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Total Employer Contribution and Match Rate

In 2023, MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN allocates $626,213.00 to match its employees' contributions, providing an employer match rate of 76.57% of their contributions

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN is 22.38%.

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN is 15.55%. This measures the effectiveness of the plan participants' investments in the year.

MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of MICHIGAN VIRTUAL UNIVERSITY 403(B) PLAN is 0.20%.

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