A MEP is a single retirement plan with multiple adopting employers. A group of employers merge their retirement plans into a single plan. This creates a larger pool of assets, unlocking options for participants that lower management costs and expand investment options reserved typically for participants in larger retirement plans. A MEP also creates efficiencies and economies of scale that provide more efficient pricing with 403(b) service providers, reduce retirement plan administrative tasks, and outsource many fiduciary responsibilities. This brief video provides an overview of the program.

Advantages for Institutions:

• One form 5500 and one plan audit

• Pooled assets, administration, and governance

• Risk reduction and compliance with ERISA

Benefits for Participants:

• Expanded investment options

• Savings on management fees

• Additional services on financial management

• Better retirement planning and preparation

BoardBook is a meeting preparation tool accessed through your Web browser that streamlines the compiling, distributing, and publishing of board packets. One of the biggest advantages of using BoardBook is the reduction in the time and expenses related to meeting preparation. The other is its flexibility. Designed for both online and offline use, you can access materials from anywhere, with the option to go paperless or to print select items on the agenda or the whole packet—in just one click.

Why BoardBook?

• Saves time—easy to compile and update, allowing staff to do other things

• Saves money—no printing, copying, mailing, delivery of meeting packets, etc.

• Last minute changes/additions are incorporated easily

• Automatic pagination of the entire document as you drag and drop agenda items

• Easy to learn—uploads Word, Excel, and PDF documents quickly

• Previous meeting agendas can be copied and edited to make new meetings

• Includes a minutes template for taking meeting notes

• All info from previous meetings stored, and easily accessed and searched

• Workflow tool ensures contributors work together to meet deadlines

• Free online training by BoardBook for any user, at your convenience

Onboarding is so seamless, you could be up and running for your next meeting!

Cintas provides a range of products and services including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas has 14 operations throughout the State of Michigan to support the MICU campuses.

Higher Education Solutions | Cintas

Cintas Informational Flyer

Forvis (formally known as BKD) is a national CPA and advisory firm that can help you reach your goals. Their expertise goes well beyond the standard accounting services.

Each day you bring your commitment, innovation, and heart to drive your school’s mission. But in the midst of COVID-19, aging campus infrastructure, and changing student demographics, making a college or university thrive is no easy task. BKD can help.

They aim to help your university be financially stable and compliant with regulatory standards so you can take advantage of opportunities, meet student needs, and prepare for what’s next.

Forvis can help members with:

• Internal Auditing & Internal Controls

• Uniform Guidance/Single Audit & HUD

• Tax-Exempt Services

• Grant Management Services

• Financial Sustainability Services

The FranklinCovey **All Access Pass®** helps you get the most value out of your L&D investment by providing access to content and technology, as well as a deep bench of experts to design and deliver a unique learning experience tailored to your organization’s needs. The All Access Pass gives you a full year of unlimited access to world-class learning resources curated by Franklin Covey, a leading provider of professional development and management training programs.

Designed for the most pressing issues your workforce will face today and tomorrow, you can use FranklinCovey content to benefit your organization in many ways. Your pass comes complete with tools, assessments, videos, digital learning modules, and all of FranklinCovey’s courses — available live in-person, live-online, and On Demand.

FLEXIBILITY: Access FranklinCovey content across multiple delivery formats.

IMPACT: Organize FranklinCovey content around specific business-related needs.

VALUE: Dramatically increase the number of people you can reach at a lower price per person.

LeaderU course resources help you teach college students career readiness competencies and soft skills that are most valued today by employers.

**LeaderU** courses are ready to go with award-winning videos, articles, quizzes, assignments, exams, and more. Course content is used by Fortune 500 companies and is based on bestselling books, extensive research, and hundreds of thousands of client engagements. Whether you are supplementing an existing course, developing a career skills seminar track, offering student leadership development programs, or adding new courses to your curriculum, LeaderU is simple to implement with a digital platform designed to meet the needs of students and instructors.

MICU has partnered with Academic HealthPlans (AHP) to offer Intercollegiate Sports and Student Health Insurance as a new member services program; in an effort to assist our members with staying compliant, having students protected, and obtaining coverage costs within budget.

MICU and AHP are working on establishing this program with the goal of developing a group insurance program that reduces expenses and provides access to programs that may not be available on an individual per institution basis.

AHP is a nationwide consultant, brokerage, and plan administrator specializing in intercollegiate sports accident and student health insurance solutions for colleges and universities. AHP helps protect your students and student athletes, build resilience into your program, and provide enhancements never thought possible. They pledge to put their 150+ combined years of expertise in Student Health and Sport Accident Insurance at the disposal of MICU member institutions.

MICU member institutions will benefit from their proactive communication, collaborative spirit, and genuine interest in your success. Examples of the services they provide to support your institution include:

• RFP and renewal management

• Benchmarking and plan design review

• Carrier negotiations

• Claims utilization and cost analysis

• Waiver, enrollment, and billing administration

• Tailored student communications

• Online proprietary athletic claims system

• Group and individual insurance options for domestic and international students

MICU recently retained Marsh & McLennan Agency of Michigan (MMA) to manage the existing MICU Life and Disability program. MMA is the largest employee benefits brokerage firm in Michigan and very well respected within the industry.  They are well known for their seminars and thought leadership. 

Members that participate benefit from being part of a larger “block of schools” as it helps stabilize their costs.  All participating member schools are looked at collectively by the insuring carrier which creates competitive, and stable pricing.  The intent of the program is to leverage our member schools “buying power” but still allow each school to keep their current plans or tailor them to their specific needs.  MICU is pleased with MMA's ability to work with the current carrier, Lincoln Financial, to bring quick responses and solid communication back to our members.

Meadow's modern suite of tools helps major campuses nationwide improve enrollment, retention, and payment outcomes by streamlining the end-to-end financial experience for both students and staff.

Meadow Price-Financial Aid and Enrollment Management: The fastest growing (and the only SAi-compliant) net price calculator on the market. Meadow Price helps financial aid offices meet compliance, elevate financial clarity, and boost enrollment outcomes. It combines modern, student-friendly design with advanced data science to deliver reliable estimates that are easy for students to understand and easy for institutions to maintain.

Meadow Pay-Student Accounts and Business Office: The only student financial engagement solution that helps student accounts offices increase staff capacity and resolve student balances sooner by streamlining the entire student billing experience. Meadow Pay automates targeted communications via email/text, delivers student-friendly bill statements, and captures real-time payment and engagement analytics.

The core program coverages includes: Property, General Liability, Education Legal Liability, Automobile and Excess Liability. Group purchases include but are not limited to Cyber Liability, Crime, Fiduciary, Media and Out-of-State Workers Compensation. The current member benefits in the program include premium savings, enhanced coverage terms, loss control services and e-Training for their member colleges.

MICU looks forward to growing the program with the ultimate goal of achieving the same success as our Workers Compensation Program and returning dividends to our Members.

MICU partners with Fifth Third Bank’s MAGIC Consortium Card Program. Benefits include:

• Higher individual cash rebates paid based on the combined commercial card spend of all MAGIC members

• Quarterly MAGIC newsletter provided to all members

• Semi-annual webinars for all MAGIC members to share results, product updates, and card spend opportunities

• Shared best practices from all consortium members

• Detailed reporting and analysis of card spend activity for all MAGIC members

• Tools to increase cash flow, improve efficiencies, and streamline payables process

• Manage card program and controls in real-time using Commercial Card Management

• Utilize electronic payables to streamline the accounts payable process

• Analyze your vendor file to identify and quantify opportunities to utilize a commercial card program in your payables process

A value added provider of software, hardware, and peripherals; ScholarBuys is dedicated to working exclusively with academic institutions. Their academic focus and experience enables more effective consultation of technology products and services for Education entities as they have a deep understanding of the specific needs in the realm of academia.

ScholarBuys niche expertise is group purchasing, they help academic consortia across the United States harness their combined buying power to reduce the price for services and goods for their members. MICU, in collaboration with ScholarBuys, has negotiated Volume License Agreements to allow our member institutions to maximize their investments with Microsoft and Adobe.

The Virtual Care Group (VCG) provides medical, mental, and psychiatric healthcare services to college campuses throughout the country.

Board-certified physicians, licensed counselors, and board-certified psychiatrists support the needs of students, faculty, and staff at 100+ colleges and universities providing safe, affordable, private, and convenient healthcare.

The MICU Workers' Compensation Fund group self-insurance program provides quality and cost-saving workers' compensation coverage to its Member Institutions by working strategically with Fund Members to reduce claim exposure at all locations and facilitates the return of employees back to their place of employment promptly and in good health.

The MICU Workers' Compensation Fund is overseen by a Board of Trustees made up of Chief Financial Officers, Risk Managers, and Human Resource tenured professionals from MICU Fund Member Colleges & Universities.

The MICU Workers' Compensation Fund is also supported by a team of Claims and Loss Control Service Agents and Financial, Actuarial, and Audit professionals that understand the mission, and the Members of the MICU Workers' Compensation Fund.

The MICU Workers’ Compensation Fund, since its inception in 1983, has returned over $28.3 million in distributions back to its Members, saving its Members, over the life of the MICU Fund, an average of 60% in premiums.