Plan Snapshot
- Plan Sponsor: Maimonides Medical Center
- Sponsor EIN: 111635081
- Sponsor Address: 4802 TENTH AVENUE, BROOKLYN, NY, 112192916
- Plan Type: 403(b)
- Total Participants: 8,074
- Total Assets: $1.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 8,074 | $1.0B | $19.2M | $39.8M |
| 2023 | 8,100 | $912.6M | $17.2M | $36.5M |
| 2022 | 5,117 | $802.4M | $19.4M | $33.0M |
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 |
|---|---|---|---|---|
| TIAA | NONE | $456,373 | — | $456,373 |
| MCDERMOTT WILL & EMERY LLP | NONE | $150,166 | — | $150,166 |
| CAPFINANCIAL PARTNERS, LLC | NONE | $84,263 | — | $84,263 |
| BDO USA, P.C. | NONE | $65,440 | — | $65,440 |
| FORVIS MAZARS, LLP | Auditor | $65,440 | — | $65,440 |
| ALLIANCE PENSION CONSULTANTS, LLC | NONE | $30,424 | — | $30,424 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- BDO USA, P.C. — NONE
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $852,106
- Estimated Expense Ratio: 0.083% 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 | $787,865 | $111,729 | $236 | $65,440 | — |
| 2023 | $694,210 | $92,322 | $12,938 | $175,326 | — |
| 2022 | $516,756 | $70,000 | — | — | $112,537 |