Plan Snapshot
- Plan Sponsor: New York Institute Of Technology
- Sponsor EIN: 111788788
- Sponsor Address: P.O. BOX 8000, NORTHERN BLVD, OLD WESTBURY, NY, 115688000
- Plan Type: 403(b)
- Total Participants: 1,142
- Total Assets: $550.4M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,142 | $550.4M | $7.3M | $8.3M |
| 2023 | 1,338 | $501.9M | $6.7M | $5.6M |
| 2022 | 1,032 | $321.4M | $6.5M | $5.1M |
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 |
|---|---|---|---|---|
| EICHEN & DIMEGLIO | Auditor | $49,400 | — | $49,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EICHEN & DIMEGLIO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,400
- Estimated Expense Ratio: 0.009% 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 | $253,477 | $10,250 | — | $49,400 | — |
| 2023 | $289,324 | $20,000 | — | $29,000 | — |
| 2022 | $214,303 | — | — | — | $46,500 |