Plan Ledger DOL Form 5500 · updated monthly

The Research Foundation for SunyProfit-sharing plan

THE RESEARCH FOUNDATION FOR SUNY RETIREMENT PLAN · ALBANY, 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

The Research Foundation for Suny reported $731,845 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $3,127 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 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 98th-largest of 5,648 plans among New York employers on file, and the 145th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$1,269,293,939
Participants with balances16,370
Active participants11,083
Employer contributions$34,660,509
Employee contributions—
Employer contribution per active participant$3,127
Average account balance$77,538
Benefits paid to participants$65,550,403
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 16,370 accts · $34.7M emplr
2023$1.2B · 16,015 accts · $32.1M emplr
2022$1.1B · 16,491 accts · $30.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$248,670
Investment management$234,232
Total administrative$731,845
Employer contributions to the The Research Foundation for Suny plan · 2024
Employer contribution per active participant$3,127
Median for plans this size$5,259
2024$3,127 per active participant
2023$3,293 per active participant
2022$2,998 per active participant

The Research Foundation for Suny's 2024 employer contribution ran below 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 · Recordkeeping · Pension consulting$248,670
THE RSRCH FDN / ST. UNIV OF NY · Investment management$248,943
CAPFINANCIAL PARTNERS, LLC · Investment management$234,232

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$731,845 · 0.06%
2023$414,082 · 0.04%
2022$510,238 · 0.04%
All plans at this employer2
THE RESEARCH FOUNDATION FOR SUNY RETIREMENT PLANProfit-sharing plan
THE RESEARCH FOUNDATION FOR SUNY OPTIONAL RETIREMENT PLAN403(b)
Same employer
Similar plansProfessional & Technical Services · New York
Wsp USA Buildings Inc. NY$3.3B · 0.05%
Paychex , Inc. NY$2.3B · 0.03%
White & Case, LLP NY$1.1B · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141368361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.