# Drew University 403(b) Plan
Source: https://planprovider.pro/companies/drew-university-403b-plan

> Drew University's 403(b) plan: 726 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/brown-edwards-and-company-llp) — NONE

- [VENABLE LLP](https://planprovider.pro/provider/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|—|—|—|

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