Plan Snapshot
- Plan Sponsor: Long Island University
- Sponsor EIN: 111633516
- Sponsor Address: 700 NORTHERN BOULEVARD, BROOKVILLE, NY, 11548
- Plan Type: 403(b)
- Total Participants: 1,936
- Total Assets: $1.0B
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. |
|---|---|---|---|---|
| 2023 | 1,936 | $1.0B | $6.7M | $8.3M |
| 2022 | 1,162 | $962.0M | $7.0M | $8.4M |
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 |
|---|---|---|---|---|
| AON INVESTMENTS USA INC | NONE | $177,552 | — | $177,552 |
| GOLDMAN SACHS ASSET MGT. L.P. | NONE | $98,076 | — | $98,076 |
| NIXON PEABODY LLP | NONE | $65,896 | — | $65,896 |
| BDO USA, P.C. | NONE | $55,650 | — | $55,650 |
| TIAA | NONE | $9,250 | — | $9,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GOLDMAN SACHS ASSET MGT. L.P. — NONE
- NIXON PEABODY LLP — NONE
- BDO USA, P.C. — NONE
- TIAA — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $406,424
- 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 |
|---|---|---|---|---|---|
| 2023 | $203,212 | $137,814 | — | $27,825 | — |
| 2022 | $240,398 | $209,341 | — | — | $26,907 |