Plan Ledger DOL Form 5500 · updated monthly

Marymount Manhattan College403(b)

MARYMOUNT MANHATTAN COLLEGE TAX DEFERRED ANNUITY RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Marymount Manhattan College reported $38,211 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,795 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 0.02% to 0.04%. 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 717th-largest of 5,648 plans among New York employers on file, and the 475th of 3,091 in educational services. In 2024, the employer put in $1.57 for every $1.00 employees contributed themselves; active participation has shrunk from 277 to 240 since 2022.

Plan summary
Net assets, end of year$112,796,242
Participants with balances803
Active participants240
Employer contributions$1,870,682
Employee contributions$1,191,191
Employer contribution per active participant$7,795
Average account balance$140,469
Benefits paid to participants$4,356,971
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.8M · 803 accts · $1.9M emplr
2023$100.7M · 803 accts · $1.7M emplr
2022$88.6M · 810 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,211
Total administrative$38,211
Employer contributions to the Marymount Manhattan College plan · 2024
Employer contribution per active participant$7,795
Median for plans this size$3,635
2024$7,795 per active participant
2023$6,348 per active participant
2022$6,295 per active participant

Marymount Manhattan College's 2024 employer contribution ran above the $3,635 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 · 20241
TIAA · Contract administrator$39,261

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$38,211 · 0.04%
2023$24,026 · 0.03%
2022$22,520 · 0.02%
Same employer
Similar plansEducational Services · New York
Russell Sage College NY$116.8M · 0.09%
Hartwick College NY$115.7M · 0.10%
Saint Anns School NY$110.2M · 0.14%
Hackley School NY$109.1M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131628206 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.