Plan Ledger DOL Form 5500 · updated monthly

Niagara Univeristy403(b)

NIAGARA UNIVERSITY DEFINED CONTRIBUTION PLAN · NIAGARA UNIVERSITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Niagara Univeristy reported $84,611 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,643 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 0.04% to 0.05%. 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 508th-largest of 5,648 plans among New York employers on file, and the 307th of 3,091 in educational services. In 2024, employees put in $1.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$181,262,711
Participants with balances1,054
Active participants477
Employer contributions$2,214,536
Employee contributions$2,785,408
Employer contribution per active participant$4,643
Average account balance$171,976
Benefits paid to participants$13,417,747
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$181.3M · 1,054 accts · $2.2M emplr
2023$170.0M · 1,043 accts · $2.3M emplr
2022$154.2M · 1,026 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Investment management$35,384
Audit (IQPA)$32,500
Total administrative$84,611
Employer contributions to the Niagara Univeristy plan · 2024
Employer contribution per active participant$4,643
Median for plans this size$3,635
2024$4,643 per active participant
2023$4,812 per active participant
2022$4,683 per active participant

Niagara Univeristy's 2024 employer contribution ran above the $3,635 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
FIDUCIENT ADVISORS, LLC · Investment advisory (plan)$35,384
FREED MAXICK CPAS, P.C. · Accounting / audit$32,500
AXA EQUITABLE LIFE INSURANCE CO · Trustee (directed) · Loan processing$283

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$84,611 · 0.05%
2023$53,387 · 0.03%
2022$73,401 · 0.04%
Same employer
Similar plansEducational Services · New York
Sarah Lawrence College NY$213.4M · 0.03%
St. John Fisher University NY$197.7M · 0.04%
Brooklyn Law School NY$191.6M · 0.10%
The Juilliard School NY$179.7M · 0.12%
New York Law School NY$164.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160755807 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.