Plan Snapshot
- Plan Sponsor: Drew University
- Sponsor EIN: 221487164
- Sponsor Address: 36 MADISON AVENUE, MADISON, NJ, 07940
- Plan Type: 403(b)
- Total Participants: 726
- Total Assets: $230.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 726 | $230.5M | $1.3M | $2.2M |
| 2023 | 741 | $215.8M | $1.8M | $2.3M |
| 2022 | 619 | $194.9M | $748,563 | $1.7M |
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 |
|---|---|---|---|---|
| FIDUCIENT ADVISORS, LLC | NONE | $52,098 | — | $52,098 |
| BROWN, EDWARDS & COMPANY, L.L.P. | NONE | $22,735 | — | $22,735 |
| VENABLE LLP | NONE | $15,296 | — | $15,296 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN, EDWARDS & COMPANY, L.L.P. — NONE
- VENABLE LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,129
- Estimated Expense Ratio: 0.039% 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 | $91,070 | $52,098 | — | $22,735 | — |
| 2023 | $91,217 | $70,767 | $240 | $18,708 | — |
| 2022 | $35,393 | $34,778 | — | — | — |