UNIVERSITY OF MIAMI RETIREMENT SAVINGS PLAN · CORAL GABLES, FL · plan year 2024
Reported admin expense ratio · 2024
0.07%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
University of Miami reported $1,320,431 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $8,404 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 0.08% to 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other educational services employers. By assets it is the 16th-largest of 3,644 plans among Florida employers on file, and the 30th of 3,091 in educational services. In 2024, the employer put in $1.30 for every $1.00 employees contributed themselves.
Plan summary
Net assets, end of year$2,071,141,138
Participants with balances18,641
Active participants12,347
Employer contributions$103,763,646
Employee contributions$80,011,486
Employer contribution per active participant$8,404
Employer contributions to the University of Miami plan · 2024
Employer contribution per active participant$8,404
Median for plans this size$5,259
2024$8,404 per active participant
2023$7,554 per active participant
2022$6,620 per active participant
University of Miami's 2024 employer contribution ran above 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Recordkeeper by year2
2024BRIGHTHOUSE LIFE INSURANCE COMPANY, Fidelity, Lincoln Financial, TIAA, VALIC, VARIABLE ANNUITY LIFE INSURANCE COM
2023BRIGHTHOUSE LIFE INSURANCE COMPANY, FASCORE, LLC, Fidelity, Lincoln Financial, TIAA, VALIC, VARIABLE ANNUITY LIFE INSURANCE COM
This plan has changed recordkeepers within these filings. If you left University of Miami before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Administrative cost history3
2024$1,320,431 · 0.07%
2023$2,002,928 · 0.13%
2022$1,168,155 · 0.08%
All plans at this employer5
UNIVERSITY OF MIAMI SUPPLEMENTAL RETIREMENT ANNUITY PROGRAM403(b)
DEFINED CONTRIBUTION RETIREMENT PLAN FOR FACULTY OF THE UNIVERSITY OF MIAMI403(b)
UNIVERSITY OF MIAMI RETIREMENT SAVINGS PLAN403(b)
UNIVERSITY OF MIAMI RETIREMENT SAVINGS PLAN II403(b)
Source: U.S. Department of Labor, Form 5500 series, EIN 590624458 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.