Plan Ledger DOL Form 5500 · updated monthly

Embry-Riddle Aeronautical University403(b)

EMBRY-RIDDLE AERONAUTICAL UNIVERSITY DC RETIREMENT PLAN · DAYTONA BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Embry-Riddle Aeronautical University reported $611,410 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $4,775 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 0.095% to 0.101%. 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 73rd-largest of 3,644 plans among Florida employers on file, and the 79th of 3,091 in educational services. In 2024, the employer put in $1.36 for every $1.00 employees contributed themselves; active participation has grown from 2,980 to 4,106 since 2022.

Plan summary
Net assets, end of year$641,068,842
Participants with balances5,710
Active participants4,106
Employer contributions$19,606,859
Employee contributions$14,383,128
Employer contribution per active participant$4,775
Average account balance$112,271
Benefits paid to participants$37,742,003
Plan auditDisclaimer of opinion
AuditorKPMG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$641.1M · 5,710 accts · $19.6M emplr
2023$575.2M · 5,562 accts · $18.2M emplr
2022$495.8M · 5,343 accts · $17.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$502,410
Investment management$69,000
Audit (IQPA)$40,000
Total administrative$611,410
Employer contributions to the Embry-Riddle Aeronautical University plan · 2024
Employer contribution per active participant$4,775
Median for plans this size$4,294
2024$4,775 per active participant
2023$4,568 per active participant
2022$5,714 per active participant

Embry-Riddle Aeronautical University's 2024 employer contribution ran above the $4,294 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 · 20243
TIAA · Recordkeeping · Pension consulting$502,410
CAPFINANCIAL PARTNERS. LLC · Investment advisory (plan) · Named fiduciary$69,000
KPMG LLP · Accounting / audit$40,000

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$611,410 · 0.10%
2023$530,389 · 0.10%
2022$502,254 · 0.10%
Same employer
Similar plansEducational Services · Florida
University of Miami FL$2.1B · 0.07%
The New School NY$669.7M · 0.09%
University of Dayton OH$667.3M · 0.05%
College Board NY$665.5M · 0.01%
Amherst College Trustees MA$635.7M · 0.05%
Ithaca College NY$635.3M · 0.08%
Pepperdine University CA$633.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590936101 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.