Plan Ledger DOL Form 5500 · updated monthly

Memorial Sloan Kettering Cancer Center403(b)

MEMORIAL SLOAN KETTERING CANCER CENTER RETIREMENT SAVINGS PLAN · NEW YORK, 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

Memorial Sloan Kettering Cancer Center reported $314,675 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,057 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 fell from 0.007% to 0.005%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 17th-largest of 5,648 plans among New York employers on file, and the 17th of 11,911 in health care & social assistance. In 2024, employees put in $1.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,449,166,101
Participants with balances33,964
Active participants23,511
Employer contributions$189,434,266
Employee contributions$201,131,289
Employer contribution per active participant$8,057
Average account balance$189,882
Benefits paid to participants$284,654,438
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.4B · 33,964 accts · $189.4M emplr
2023$5.6B · 35,095 accts · $176.2M emplr
2022$4.6B · 34,169 accts · $171.3M emplr
Administrative expenses, itemized · 2024
Investment management$94,786
Audit (IQPA)$113,262
Total administrative$314,675
Employer contributions to the Memorial Sloan Kettering Cancer Center plan · 2024
Employer contribution per active participant$8,057
Median for plans this size$5,259
2024$8,057 per active participant
2023$7,795 per active participant
2022$7,507 per active participant

Memorial Sloan Kettering Cancer Center'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 · 20243
TIAA · Contract administrator · Recordkeeping$113,262
MERCER (US) INC · Contract administrator · Investment advisory (plan)$94,786
COVINGTON & BURLING LLP · Legal$84,206

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$314,675 · 0.01%
2023$305,685 · 0.01%
2022$337,821 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · New York
Northwell Health, Inc. NY$10.9B · 0.03%
Montefiore Medical Center NY$4.3B · 0.00%
Nyu Langone Hospitals NY$3.6B · 0.03%
Essilorluxottica USA Inc NY$1.5B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131924236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.