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

> Drexel University's 403(b) plan: 11,873 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/pricewaterhousecoopers-llp) — NONE

- [TIAA-CREF](https://planprovider.pro/provider/tiaa-teachers-insurance-and-annuity-association-of-america-college-retirement-equities-fund) — RECORDKEEPER

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

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