Plan Ledger DOL Form 5500 · updated monthly

Carlos Albizu University403(b)

CARLOS ALBIZU UNIVERSITY 403(B) DC PLAN · MIAMI, FL · plan year 2024

Employer contribution per participant · 2024
$3,120

Carlos Albizu University's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $11,191,431 across 223 participant accounts, with employer contributions averaging $3,120 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.001% to 0.000%. 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 1,676th-largest of 3,644 plans among Florida employers on file, and 2,018th of 3,091 in educational services. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has shrunk from 77 to 58 since 2022.

Plan summary
Net assets, end of year$11,191,431
Participants with balances223
Active participants58
Employer contributions$180,947
Employee contributions$249,992
Employer contribution per active participant$3,120
Average account balance$50,186
Benefits paid to participants$776,700
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.2M · 223 accts · $181K emplr
2023$10.2M · 231 accts · $217K emplr
2022$8.8M · 228 accts · $233K emplr
Employer contributions to the Carlos Albizu University plan · 2024
Employer contribution per active participant$3,120
Median for plans this size$2,416
2024$3,120 per active participant
2023$2,780 per active participant
2022$3,026 per active participant

Carlos Albizu University'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.

Administrative cost history3
2024Not separately reported
2023$25 · 0.00%
2022$50 · 0.00%
All plans at this employer2
UNIVERSIDAD CARLOS ALBIZU SAVINGS & INVESTMENT PLAProfit-sharing plan
CARLOS ALBIZU UNIVERSITY 403(B) DC PLAN403(b)
Same employer
Similar plansEducational Services · Florida
Ave Maria University FL$11.8M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660234412 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.