Plan sponsors face increasing economic and fiduciary challenges. To help you, AICCU provides a Multiple Employer Plan (MEP), a retirement plan program that allows you to offer a competitive retirement plan that benefits you and your employees. The AICCU MEP centralizes administrative and fiduciary support for plan sponsors.
For your employees, the AICCU MEP offers strong participant support to help promote financial literacy and responsible savings strategies among your employees.
AICCU is partnering with TIAA, Pentegra and SageView Advisory Group, and HUB who are highly regarded and experienced providers, in making the AICCU MEP available to its member institutions.
What is the AICCU Multiple Employer Plan?
The AICCU 403(b) Multiple Employer Plan (MEP) was created to help our member institutions expand retirement benefit opportunities while maximizing limited resources. By centralizing both administrative and fiduciary responsibilities, the AICCU MEP reduces burden on campuses and enables institutions to offer a high-quality retirement plan that better serves their faculty and staff.
AICCU MEP Benefits
- Outsourced fiduciary liability to a 3(16) fiduciary for record keeping and a 3(38) fiduciary for plan investment oversight.
- Plan administration support that can help reduce your Human Resources team’s workload.
- Collaborate with other campuses to reduce fees and improve plan performance.
- Strengthen employee pre-retirement investment planning.
- Maintains individual institutional retirement plan design.
- Enhance benefits at a potentially lower cost.
- All participating institutions serve as a voting member on the governance committee.
AICCU Service Providers
- TIAA, the plan record keeper, bringing more than 100 years’ experience in financial reporting and plan sponsor and participant services for the not-for-profit community.
- Pentegra, the ERISA 402(a) named fiduciary and the ERISA 3(16) plan administrator, responsible for the day-to-day operations of the plan.
- Creative Planning Institutional Advisors (formerly SageView), the ERISA 3(38) investment manager, responsible for the selection and monitoring of the funds in the investment menu.
- HUB International, Employee Advisors, providing employee education and meeting the employees where they are at, whether it is for in-person meetings or virtual meetings.
- AICCU, the plan sponsor.
Contact
For more information, please contact Danyelle Okamoto, Director of Membership Services.