Plan Ledger DOL Form 5500 · updated monthly

Fordham University403(b)

FORDHAM UNIVERSITY RETIREMENT PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Fordham University reported $906,766 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $6,557 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 0.06%. 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 79th-largest of 5,648 plans among New York employers on file, and the 33rd of 3,091 in educational services. In 2024, employees put in $1.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,661,650,632
Participants with balances5,973
Active participants3,617
Employer contributions$23,715,883
Employee contributions$27,367,782
Employer contribution per active participant$6,557
Average account balance$278,194
Benefits paid to participants$91,079,137
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$1.7B · 5,973 accts · $23.7M emplr
2022$1.3B · 5,652 accts · $25.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$906,766
Total administrative$906,766
Employer contributions to the Fordham University plan · 2024
Employer contribution per active participant$6,557
Median for plans this size$5,259
2024$6,557 per active participant
2022$8,448 per active participant

Fordham 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

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 · 20246
FIDELITY INVEST INSTITUTIONAL OPS · Loan processing$213,051
CAPFINANCIAL PARTNERS, LLC$146,995
FORVIS MAZARS, LLP$62,475
NIXON PEABODY LLP$23,062

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

Administrative cost history2
2024$906,766 · 0.06%
2022$186,938 · 0.01%
Same employer
Similar plansEducational Services · New York
New York University NY$5.4B · 0.01%
Cornell University NY$3.0B · 0.01%
Syracuse University NY$1.7B · 0.01%
St. John's University NY$1.4B · 0.02%
Hofstra University NY$1.3B · 0.03%
Long Island University NY$1.1B · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 131740451 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.