AICUO Multiple Employer Plan

Our goal is to assist member institutions in both expanding opportunities and maximizing resources. The AICUO 403(b) Multiple Employer Plan (MEP) is one such opportunity. As you face increasing demands on your time and fiduciary challenges managing your institution’s retirement plan, the AICUO MEP allows you to offer a competitive plan that benefits you and your employees.

AICUO MEP Benefits

Outsource fiduciary liability to a 3(16) fiduciary for recordkeeping and a 3(38) fiduciary for plan investment oversight.
Plan administration support that can help reduce your HR team’s workload.
Collaborate with other campuses to reduce fees and improve plan performance.
Strengthen employee pre-retirement investment planning.
Enhanced benefits at potentially lower costs.
Compare the differences between a typical college/university plan and an MEP.

Who are the service providers?

TIAA is the plan record keeper. Familiar to your participants.
Financial Design Agency of Ohio, provides the on-campus education services for participating institutions, including group education sessions, individual financial planning meetings, and ongoing help and advice to plan participants.
Pentegra, the ERISA 402(a) named fiduciary and the ERISA 3(16) plan administrator, responsible for the day-to-day operations of the plan.
PlanPILOT, the ERISA 3(38) investment manager, responsible for the selection and monitoring of the funds in the investment menu.
AICUO staff will coordinate meetings and facilitate communications between MEP members and providers.

Request a Cost Analysis