# Lake Superior State University Pension Plan

Lake Superior State University Pension Plan is a Pension Fund based in Sault Ste. Marie, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sault Ste. Marie, United States
- **Region:** North America
- **Address:** Sault Ste. Marie, Michigan, United States
- **Founded:** 1668
- **Assets under management:** Undisclosed
- **Website:** lssu.edu
- **LinkedIn:** https://www.lssu.edu/

## Regulatory record

- **Reports private funds:** No

## About

Lake Superior State University Pension Plan was established to provide retirement benefits for university staff. Dr. David Travis leads the institution as president while Morrie Walworth manages finance and operations as treasurer to the eight-member Board of Trustees appointed by the Governor of Michigan. The plan allocates across public equities, fixed income, and real assets. Confirmed holdings include SPDR Gold Trust positions. Geographic focus remains domestic with primary operations in Michigan and limited exposure through the Nebraska Educational Savings Plan Trust network. The plan reports an estimated $118 million in assets. It maintains ties to the Lake Superior State University Foundation and participates in the Quinnipiac G.A.M.E. Forum through the university investment club. No operational events from the last 24 months appear in available records. Governance flows through the Michigan Public School Employees Retirement System for pre-1996 hires, creating a hybrid structure that blends state oversight with university-level administration.

## People

- Dr. David Travis — President of Lake Superior State University
- Morrie Walworth — Vice President of Finance and Operations; Treasurer to the Board of Trustees
- Mark Mayfield — Certified Financial Planner

## Questions

### Who runs investment decisions at Lake Superior State University Pension Plan?

Morrie Walworth serves as Vice President of Finance and Operations and treasurer to the Board of Trustees. Mark Mayfield acts as a certified financial planner supporting the plan.

### How is Lake Superior State University Pension Plan related to MPSERS?

The plan participates in the Michigan Public School Employees Retirement System for employees hired before 1996 and also uses TIAA-CREF structures.

### What asset classes does the plan hold?

Holdings include public market securities and SPDR Gold Trust positions along with university real estate assets such as the main campus and row houses.

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Last updated: 2026-06-03T20:00:00.000Z

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