Plan Snapshot
- Plan Sponsor: Drexel University
- Sponsor EIN: 231352630
- Sponsor Address: 3141 CHESTNUT STREET, PHILADELPHIA, PA, 19104
- Plan Type: 403(b)
- Total Participants: 11,873
- Total Assets: $1.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 11,873 | $1.8B | $36.5M | $33.9M |
| 2023 | 11,317 | $1.7B | $34.7M | $32.2M |
| 2022 | 9,774 | $1.4B | $34.2M | $31.0M |
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 |
|---|---|---|---|---|
| PRICEWATERHOUSECOOPERS LLP | NONE | $810,634 | — | $810,634 |
| TIAA-CREF | RECORDKEEPER | $307,987 | — | $307,987 |
| BALLARD SPAHR LLP | NONE | $180,437 | — | $180,437 |
| MORGAN LEWIS & BOCKIUS LLP | NONE | $117,358 | — | $117,358 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRICEWATERHOUSECOOPERS LLP — NONE
- TIAA-CREF — RECORDKEEPER
- BALLARD SPAHR LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,416,416
- Estimated Expense Ratio: 0.077% 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 | $1,412,113 | — | $303,683 | $738,183 | — |
| 2023 | $312,344 | — | $312,344 | — | — |
| 2022 | $271,672 | — | — | — | — |