Plan Snapshot
- Plan Sponsor: Gannon University
- Sponsor EIN: 250496976
- Sponsor Address: 109 UNIVERSITY SQUARE, ERIE, PA, 16541
- Plan Type: 403(b)
- Total Participants: 1,032
- Total Assets: $175.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,032 | $175.3M | $3.0M | $3.5M |
| 2023 | 1,066 | $163.0M | $2.9M | $3.4M |
| 2022 | 670 | $146.2M | $2.9M | $3.2M |
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 |
|---|---|---|---|---|
| BUCK GLOBAL, LLC | NONE | $34,155 | — | $34,155 |
| VARIABLE ANNUITY LIFE INSURANCE CO. | NONE | $22,889 | — | $22,889 |
| BAKER TILLY US, LLP | NONE | $10,550 | — | $10,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VARIABLE ANNUITY LIFE INSURANCE CO. — NONE
- BAKER TILLY US, LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,594
- 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 | $70,394 | — | — | $10,550 | — |
| 2023 | $71,353 | — | — | $23,950 | — |
| 2022 | $82,187 | — | — | — | $53,535 |