Plan Snapshot
- Plan Sponsor: Alfred University
- Sponsor EIN: 160743900
- Sponsor Address: ONE SAXON DRIVE, ALFRED, NY, 14802
- Plan Type: 403(b)
- Total Participants: 485
- Total Assets: $150.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 485 | $150.8M | $1.8M | $2.0M |
| 2023 | 452 | $141.0M | $1.5M | $1.7M |
| 2022 | 405 | $127.0M | $1.4M | $1.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BONADIO & CO., LLP | Auditor | $18,680 | — | $18,680 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,680
- Estimated Expense Ratio: 0.012% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $129,545 | $41,937 | — | $18,680 | — |
| 2023 | $85,523 | $16,354 | $150 | $13,122 | — |
| 2022 | $98,071 | $32,023 | — | — | $12,428 |