Plan Ledger DOL Form 5500 · updated monthly

Alfred University403(b)

ALFRED UNIVERSITY RETIREMENT PLAN · ALFRED, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Alfred University reported $129,545 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $3,642 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.07% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 586th-largest of 5,648 plans among New York employers on file, and the 360th of 3,091 in educational services. In 2024, employees put in $1.11 for every $1.00 the employer contributed; active participation has grown from 405 to 485 since 2022.

Plan summary
Net assets, end of year$150,824,622
Participants with balances1,291
Active participants485
Employer contributions$1,766,274
Employee contributions$1,969,064
Employer contribution per active participant$3,642
Average account balance$116,828
Benefits paid to participants$11,960,450
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$150.8M · 1,291 accts · $1.8M emplr
2023$141.0M · 1,240 accts · $1.5M emplr
2022$127.0M · 1,211 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,884
Investment management$41,937
Audit (IQPA)$18,680
Total administrative$129,545
Employer contributions to the Alfred University plan · 2024
Employer contribution per active participant$3,642
Median for plans this size$3,635
2024$3,642 per active participant
2023$3,345 per active participant
2022$3,454 per active participant

Alfred University's 2024 employer contribution ran above the $3,635 median for plans its size. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
TIAA · Recordkeeping · Pension consulting$68,788
FIDUCIENT ADVISORS, LLC · Investment advisory (plan)$41,937
BONADIO & CO., LLP · Accounting / audit$18,680

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$129,545 · 0.09%
2023$85,523 · 0.06%
2022$98,071 · 0.07%
Same employer
Similar plansEducational Services · New York
New York Law School NY$164.9M · 0.07%
Nazareth University NY$163.3M · 0.07%
Ithaka Harbors, Inc. NY$161.1M · 0.11%
Utica University NY$148.0M · 0.09%
Wagner College NY$144.0M · 0.08%
The Brearley School NY$139.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160743900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.