# Monroe University, Ltd 401(k) Plan
Source: https://planprovider.pro/companies/monroe-college-ltd-401k-plan

> Monroe University, Ltd's 401(k) plan: 940 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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