Plan Ledger DOL Form 5500 · updated monthly

University of New Haven403(b)

UNIVERSITY OF NEW HAVEN RETIREMENT AND 403(B) SAVINGS PLAN · WEST HAVEN, CT · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

University of New Haven reported $98,534 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,423 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 0.01% to 0.03%. 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 75th-largest of 1,106 plans among Connecticut employers on file, and the 185th of 3,091 in educational services. In 2024, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$317,903,205
Participants with balances1,853
Active participants927
Employer contributions$6,881,252
Employee contributions$7,594,144
Employer contribution per active participant$7,423
Average account balance$171,561
Benefits paid to participants$21,076,289
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$317.9M · 1,853 accts · $6.9M emplr
2023$292.5M · 1,874 accts · $6.4M emplr
2022$260.1M · 1,750 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,662
Investment management$22,797
Audit (IQPA)$22,575
Total administrative$98,534
Employer contributions to the University of New Haven plan · 2024
Employer contribution per active participant$7,423
Median for plans this size$4,294
2024$7,423 per active participant
2023$7,293 per active participant
2022$6,465 per active participant

University of New Haven's 2024 employer contribution ran above the $4,294 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 · 20244
GALLAGHER BENEFIT SERVICES, INC. · Consulting$37,500
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$22,797
COHENREZNICK LLP · Accounting / audit$22,575
FID INVEST INST OPS CO · Loan processing$15,662

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

Administrative cost history3
2024$98,534 · 0.03%
2023$165,309 · 0.06%
2022$33,787 · 0.01%
Same employer
Similar plansEducational Services · Connecticut
Fairfield University CT$492.6M · 0.05%
University of Hartford CT$457.5M · 0.04%
Trinity College CT$381.4M · 0.04%
Quinnipiac University CT$335.0M · 0.06%
Connecticut College CT$302.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060761704 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.