Plan Ledger DOL Form 5500 · updated monthly

Research Foundation of Cuny403(b)

RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Research Foundation of Cuny reported $495,804 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $1,157 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 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 127th-largest of 5,648 plans among New York employers on file, and the 54th of 3,091 in educational services. In 2024, the employer put in $20.56 for every $1.00 employees contributed themselves; active participation has grown from 5,316 to 12,450 since 2022.

Plan summary
Net assets, end of year$929,231,687
Participants with balances14,154
Active participants12,450
Employer contributions$14,400,143
Employee contributions$700,513
Employer contribution per active participant$1,157
Average account balance$65,652
Benefits paid to participants$39,656,019
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$929.2M · 14,154 accts · $14.4M emplr
2023$659.1M · 10,584 accts · $12.4M emplr
2022$595.4M · 10,661 accts · $10.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$242,877
Investment management$35,750
Audit (IQPA)$30,450
Total administrative$495,804
Employer contributions to the Research Foundation of Cuny plan · 2024
Employer contribution per active participant$1,157
Median for plans this size$4,294
2024$1,157 per active participant
2023$2,318 per active participant
2022$2,028 per active participant

Research Foundation of Cuny's 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom 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 · 20247
TIAA · Recordkeeping · Pension consulting$242,877
JULIAN OSORIO · Participant communication · Plan administrator$113,590
FARRAH DORSINVILLE · Plan administrator · Recordkeeping$20,442
DE ZHANG · Plan administrator · Recordkeeping$15,185
CAPTRUST · Investment advisory (plan) · Investment management$35,750
COHNREZNICK LLP · Accounting / audit$30,450
NIXON PEABODY · Legal$30,205

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

Recordkeeper by year2
2024DE ZHANG, FARRAH DORSINVILLE, JULIAN OSORIO, TIAA
2023DE ZHANG, FARRAH DORSINVILLE, JULIAN OSORIO, TIAA

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Administrative cost history3
2024$495,804 · 0.06%
2023$442,794 · 0.07%
2022$435,713 · 0.07%
All plans at this employer2
RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN403(b)
RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK TAX-DEFERRED ANNUITY (TDA) PLAN403(b)
Same employer
Similar plansEducational Services · New York
St. John's University NY$1.4B · 0.02%
Hofstra University NY$1.3B · 0.03%
Long Island University NY$1.1B · 0.03%
Pace University NY$881.5M · 0.06%
The Rockefeller University NY$839.4M · 0.01%
Yeshiva University NY$734.3M · 0.05%
New York Medical College NY$719.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131988190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.