Plan Snapshot
- Plan Sponsor: New York Medical College
- Sponsor EIN: 131099420
- Sponsor Address: 40 SUNSHINE COTTAGE RD, VALHALLA, NY, 10595
- Plan Type: 403(b)
- Total Participants: 1,319
- Total Assets: $719.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 1,319 | $719.8M | $3.0M | $4.6M |
| 2023 | 1,364 | $693.5M | $2.9M | $4.5M |
| 2022 | 859 | $648.8M | $3.0M | $4.4M |
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 | Recordkeeper | $152,890 | — | $152,890 |
| CAPFINANCIAL PARTNERS LLC | Other Service Provider | $130,164 | — | $130,164 |
| RBT CPAS, LLP | Other Service Provider | $20,500 | — | $20,500 |
| LAIKEN ASSOCIATES, INC. | Other Service Provider | $10,281 | — | $10,281 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $313,835
- Estimated Expense Ratio: 0.044% 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 | $317,491 | $140,445 | — | $20,500 | — |
| 2023 | $195,532 | $37,718 | $6,902 | $5,500 | — |
| 2022 | $254,010 | $69,549 | — | — | $13,000 |