Plan Snapshot
- Plan Sponsor: Monroe University, Ltd
- Sponsor EIN: 132501225
- Sponsor Address: 2501 JEROME AVENUE, BRONX, NY, 10468
- Plan Type: 401(k)
- Total Participants: 940
- Total Assets: $100.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2024 | 940 | $100.8M | $1.4M | $3.1M |
| 2023 | 581 | $90.9M | $1.2M | $2.9M |
| 2022 | 565 | $80.5M | $1.2M | $2.7M |
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 |
|---|---|---|---|---|
| FUTURE CAPITAL | NONE | $188,049 | — | $188,049 |
| FORMULATE FINANCIAL LLC | NONE | $100,000 | — | $100,000 |
| NWPS | NONE | $67,384 | — | $67,384 |
| SHAPIRO, GOLDSTEIN, MOSES & ARTUSO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NWPS — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $355,433
- Estimated Expense Ratio: 0.353% 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 | $355,433 | $288,049 | — | — | — |
| 2023 | $317,786 | $253,667 | — | — | — |
| 2022 | $310,734 | $243,690 | — | — | $67,044 |