Plan Snapshot
- Plan Sponsor: Memorial Sloan Kettering Cancer Center
- Sponsor EIN: 131924236
- Sponsor Address: 633 THIRD AVENUE, NEW YORK, NY, 100176706
- Plan Type: DB
- Total Participants: 4,279
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,279 | $1.2B | $0 | $0 |
| 2023 | 4,491 | $1.4B | $0 | $0 |
| 2022 | 4,900 | $1.4B | $0 | $0 |
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 |
|---|---|---|---|---|
| JP MORGAN CHASE | Recordkeeper | $4,461,113 | — | $4,461,113 |
| MERCER | Other Service Provider | $866,645 | — | $866,645 |
| BLACKSTONE REAL ESTATE PARTNER | Other Service Provider | $624,131 | — | $624,131 |
| ERNST & YOUNG US LLP | Auditor | $151,676 | — | $151,676 |
| COVINGTON & BURLING LLP | ERISA Attorney | $122,681 | — | $122,681 |
| PENSION BENEFIT INFORMATION LLC | Other Service Provider | $47,973 | — | $47,973 |
| FIDUCIARY COUNSELORS INC. | Other Service Provider | $25,308 | — | $25,308 |
| MEMORIAL SLOAN KETTERING CANCER CEN | Other Service Provider | $16,428 | — | $16,428 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN CHASE — Recordkeeper
- ERNST & YOUNG US LLP — Auditor
- COVINGTON & BURLING LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,315,955
- Estimated Expense Ratio: 0.509% 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 | $7,206,591 | $5,262,504 | — | — | — |
| 2023 | $7,493,802 | $5,387,680 | — | — | — |
| 2022 | $8,937,264 | $6,743,800 | — | — | $1,493,001 |