Oakland University Chapter, American Assoc of University ProfMoney purchase plan
MONEY PURCHASE 401 A PLAN TYPE PENSION · ROCHESTER, MI · plan year 2020
Oakland University Chapter, American Assoc of University Prof's 2020 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $463,034 across 2 participant accounts, with employer contributions averaging $16,955 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the under $1M size bracket, benchmarked here against 109 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Michigan (2,555th of 2,619), and 3,039th of 3,091 in educational services.
Oakland University Chapter, American Assoc of University Prof's 2020 employer contribution ran above the $246 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 382006471 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.