Plan Snapshot
- Plan Sponsor: Duke University
- Sponsor EIN: 560532129
- Sponsor Address: 705 BROAD STREET, BOX 90502, DURHAM, NC, 27708
- Plan Type: 403(b)
- Total Participants: 49,781
- Total Assets: $11.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 49,781 | $11.0B | $299.9M | $269.8M |
| 2023 | 45,282 | $9.0B | $257.5M | $238.4M |
| 2022 | 44,917 | $7.6B | $208.2M | $203.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $2,867,330 | — | $2,867,330 |
| TIAA | RECORDKEEPER | $6,744 | — | $6,744 |
| KPMG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- TIAA — RECORDKEEPER
- KPMG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,874,074
- Estimated Expense Ratio: 0.026% 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 | $2,874,067 | — | $13,644 | — | — |
| 2023 | $2,752,685 | — | $17,108 | — | — |
| 2022 | $3,100,569 | — | — | — | — |