Plan Ledger DOL Form 5500 · updated monthly

Colgate University403(b)

COLGATE UNIVERSITY DEFINED CONTRIBUTION RETIREMENT · HAMILTON, NY · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Colgate University reported $250,863 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $9,688 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 0.01% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 202nd-largest of 5,648 plans among New York employers on file, and the 91st of 3,091 in educational services. In 2024, the employer put in $1.22 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$567,779,995
Participants with balances2,593
Active participants1,002
Employer contributions$9,707,633
Employee contributions$7,968,182
Employer contribution per active participant$9,688
Average account balance$218,966
Benefits paid to participants$33,372,507
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$567.8M · 2,593 accts · $9.7M emplr
2023$521.5M · 2,654 accts · $9.1M emplr
2022$472.1M · 2,603 accts · $8.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$203,363
Investment management$35,000
Audit (IQPA)$12,500
Total administrative$250,863
Employer contributions to the Colgate University plan · 2024
Employer contribution per active participant$9,688
Median for plans this size$4,294
2024$9,688 per active participant
2023$8,624 per active participant
2022$8,702 per active participant

Colgate University's 2024 employer contribution ran above the $4,294 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.

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 · Consulting$93,564
GALLAGHER FIDUCIARY SERVICES, LLC · Consulting$35,000
BONADIO & CO., LLP · Accounting / audit$12,500

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

Administrative cost history3
2024$250,863 · 0.05%
2023$132,454 · 0.03%
2022$34,912 · 0.01%
Same employer
Similar plansEducational Services · New York
The New School NY$669.7M · 0.09%
College Board NY$665.5M · 0.01%
Ithaca College NY$635.3M · 0.08%
Vassar College NY$550.8M
Adelphi University NY$473.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150532078 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.