Plan Snapshot
- Plan Sponsor: Memorial Sloan Kettering Cancer Center
- Sponsor EIN: 131924236
- Sponsor Address: 1275 YORK AVENUE, NEW YORK, NY, 10065
- Plan Type: 403(b)
- Total Participants: 23,511
- Total Assets: $6.4B
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 23,511 | $6.4B | $189.4M | $201.1M |
| 2023 | 22,608 | $5.6B | $176.2M | $188.7M |
| 2022 | 22,819 | $4.6B | $171.3M | $177.3M |
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 | $113,262 | — | $113,262 |
| JOHNSON LAMBERT LLP | Auditor | $113,262 | — | $113,262 |
| MERCER (US) INC | NONE | $94,786 | — | $94,786 |
| COVINGTON & BURLING LLP | NONE | $84,206 | — | $84,206 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- JOHNSON LAMBERT LLP — Auditor
- COVINGTON & BURLING LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $405,516
- Estimated Expense Ratio: 0.006% 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 | $314,675 | $94,786 | — | $113,262 | — |
| 2023 | $305,685 | $92,025 | — | — | — |
| 2022 | $337,821 | $164,786 | $122,028 | — | — |