What are the fees in the Cornell University 403(b) plan?

For plan year 2024, Cornell University reported $417,867 in plan administrative expenses, or 0.01% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

How much does Cornell University contribute to its 403(b)?

In 2024, employer contributions to the Cornell University plan averaged $5,463 per active participant, above the $5,259 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Cornell University 401(k)?

The average participant account balance was $145,329 for plan year 2024, based on 20,786 accounts.

Cornell University403(b)

Name: Cornell University 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

CORNELL UNIVERSITY RETIREMENT PLAN FOR THE EMPLOYEES OF THE ENDOWED COLLEGES AT ITHACA · ITHACA, NY · plan year 2024

Reported admin expense ratio · 2024

0.01%

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

Cornell University reported $417,867 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,463 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 0.009% to 0.014%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other educational services employers. By assets it is the 55th-largest of 5,648 plans among New York employers on file, and the 18th of 3,091 in educational services.

Plan summary
Net assets, end of year$3,020,798,450
Participants with balances20,786
Active participants15,104
Employer contributions$82,507,526
Employee contributions—
Employer contribution per active participant$5,463
Average account balance$145,329
Benefits paid to participants$179,095,390
Plan auditUnmodified (clean) audit opinion
AuditorBONADIO & CO., LLP

Plan history3

Yearassets · accounts · employer contribution

2024$3.0B · 20,786 accts · $82.5M emplr

2023$2.8B · 22,390 accts · $76.0M emplr

2022$2.4B · 21,872 accts · $69.9M emplr

Administrative expenses, itemized · 2024

Recordkeeping & contract admin$248,504

Investment management$135,363

Audit (IQPA)$34,000

Total administrative$417,867

Employer contributions to the Cornell University plan · 2024

Employer contribution per active participant$5,463

Median for plans this size$5,259

2024$5,463 per active participant

2023$5,189 per active participant

2022$4,863 per active participant

Cornell University's 2024 employer contribution ran above the $5,259 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

Your balance

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 · 20245

FIDELITY INV. INS. OPS. CO. INC.$248,507

CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$100,919

BONADIO & CO. LLP · Accounting / audit$34,000

NEW HORIZON FINANCIAL STRATEGIES · Investment advisory (plan)$15,260

CORNELL POCHILY INVESTMENT ADVISORS · Investment advisory (plan)$13,291

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$417,867 · 0.01%

2023$303,379 · 0.01%

2022$229,006 · 0.01%

All plans at this employer5
CORNELL UNIVERSITY RETIREMENT PLAN FOR THE EMPLOYEES OF THE ENDOWED COLLEGES AT ITHACA403(b)
WEILL CORNELL MEDICAL COLLEGE RETIREMENT PLAN FOR FACULTY AND EXEMPT EMPLOYEES403(b)
CORNELL UNIVERSITY TAX-DEFERRED ANNUITY PLAN403(b)
WEILL CORNELL MEDICAL COLLEGE TAX DEFERRED ANNUITY PLAN403(b)
ECORNELL 401(K) PLAN401(k)

Same employer

Cornell University's health & benefits plan: carriers, premiums & broker pay

Similar plansEducational Services · New York
University of Rochester NY$8.0B · 0.02%
Trustees of Columbia University NY$5.6B · 0.02%
New York University NY$5.4B · 0.01%
Syracuse University NY$1.7B · 0.01%
Fordham University NY$1.7B · 0.06%
Rochester Institute of Technology NY$1.5B · 0.04%
St. John's University NY$1.4B · 0.02%

Why are you looking at this plan?

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 150532082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.