Plan Ledger DOL Form 5500 · updated monthly

Rochester University403(b)

ROCHESTER UNIVERSITY RETIREMENT BENEFITS PLAN · ROCHESTER HILLS, MI · plan year 2023

Reported admin expense ratio · 2023
0.41%

Rochester University reported $18,216 in plan administrative expenses for 2023: 0.41% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio rose from 0.00% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Michigan (2,047th of 2,619), and 2,541st of 3,091 in educational services.

Plan summary
Net assets, end of year$4,726,134
Participants with balances144
Active participants287
Employer contributions—
Employee contributions$310,028
Employer contribution per active participant—
Average account balance$32,820
Benefits paid to participants$436,543
Plan auditUnmodified (clean) audit opinion
AuditorCAPIN CROUSE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$4.7M · 144 accts
2022$4.2M · 161 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,216
Total administrative$18,216
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
NATIONWIDE · Recordkeeping$16,257
THE BENEFIT ADVANTAGE · Contract administrator$1,859
HANTZ AGENCY LLC · Investment advisory (plan)indirect comp
HANTZ FINANCIAL SERVICES INC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024Not separately reported
2023$18,216 · 0.41%
2022$110 · 0.00%
Similar plansEducational Services · Michigan

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Source: U.S. Department of Labor, Form 5500 series, EIN 381619831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.