Plan Snapshot
- Plan Sponsor: Daemen University
- Sponsor EIN: 160759798
- Sponsor Address: 4380 MAIN STREET, AMHERST, NY, 142263592
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 369
- Total Assets: $102.7M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 369 | $102.7M | $1.5M | $2.2M |
| 2023 | 361 | $98.2M | $1.5M | $2.2M |
| 2022 | 363 | $88.0M | $1.5M | $2.2M |
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 |
|---|---|---|---|---|
| TIAA-CREF | Recordkeeper | $103,031 | — | $103,031 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $13,462 | — | $13,462 |
| TRONCONI SEGARRA & ASSOICATES LLP | Other Service Provider | $9,450 | — | $9,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA-CREF — Recordkeeper
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,943
- Estimated Expense Ratio: 0.123% 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 | $135,088 | — | $125,638 | $9,450 | — |
| 2023 | $132,622 | — | $132,622 | — | — |
| 2022 | $90,502 | — | $90,502 | — | — |