Plan Ledger DOL Form 5500 · updated monthly

Nichols School of Buffalo403(b)

NICHOLS SCHOOL TIAA-CREF RETIREMENT PLAN · BUFFALO, 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

Nichols School of Buffalo reported $15,679 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,052 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 0.07% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,467th-largest of 5,648 plans among New York employers on file, and the 994th of 3,091 in educational services. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$45,220,222
Participants with balances309
Active participants142
Employer contributions$433,327
Employee contributions$699,257
Employer contribution per active participant$3,052
Average account balance$146,344
Benefits paid to participants$2,817,971
Plan auditUnmodified (clean) audit opinion
AuditorLUMSDEN & MCCORMICK
Plan history3
Yearassets · accounts · employer contribution
2024$45.2M · 309 accts · $433K emplr
2023$42.6M · 304 accts · $385K emplr
2022$39.3M · 300 accts · $384K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,679
Total administrative$15,679
Employer contributions to the Nichols School of Buffalo plan · 2024
Employer contribution per active participant$3,052
Median for plans this size$2,416
2024$3,052 per active participant
2023$2,674 per active participant
2022$2,784 per active participant

Nichols School of Buffalo's 2024 employer contribution ran above the $2,416 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 · 20244
TIAA-TEACHERS INSURANCE AND ANNUITY · Recordkeeping$11,027
GLOBAL RETIREMENT PARTNERS · Insurance broker · Investment advisory (participants)indirect comp
ACTUARIAL CONSULTING SERVICES · Other servicesindirect comp
LUMSDEN & MCCORMICK LLP · Accounting / auditindirect comp

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$15,679 · 0.04%
2023$32,554 · 0.08%
2022$27,979 · 0.07%
Same employer
Similar plansEducational Services · New York
The Leffell School NY$45.8M · 0.17%
Wells College NY$45.4M · 0.08%
Roberts Wesleyan University NY$45.0M · 0.27%
Avenues World Holdings, LLC NY$44.9M · 0.36%
Wildwood Programs NY$44.9M · 0.02%
Keuka College NY$44.0M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160755808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.