Plan Snapshot
- Plan Sponsor: Bethune-Cookman University
- Sponsor EIN: 590704726
- Sponsor Address: 640 DR MARY MCLEOD BETHUNE BLVD, DAYTONA BEACH, FL, 32114
- Plan Type: 403(b)
- Total Participants: 830
- Total Assets: $45.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 830 | $45.5M | $483,580 | $917,388 |
| 2022 | 742 | $42.2M | $503,884 | $939,461 |
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 |
|---|---|---|---|---|
| METLIFE LIFE INSURANCE COMPANY | Recordkeeper | $42,336 | — | $42,336 |
| TIAA | Recordkeeper | $32,574 | — | $32,574 |
| RELIASTAR LIFE INSURANCE COMPANY | Other Service Provider | $240 | $24,118 | $24,358 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,268
- Estimated Expense Ratio: 0.218% 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 |
|---|---|---|---|---|---|
| 2023 | $37,575 | — | — | — | — |
| 2022 | $38,399 | — | $38,399 | — | — |