Plan Snapshot
- Plan Sponsor: Nova Southeastern University, INC.
- Sponsor EIN: 591083502
- Sponsor Address: 3300 S. UNIVERSITY DRIVE, FORT LAUDERDALE, FL, 333282004
- Plan Type: 401(k)
- Total Participants: 4,785
- Total Assets: $560.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 4,785 | $560.5M | $25.6M | $21.1M |
| 2023 | 5,343 | $479.0M | $23.1M | $19.0M |
| 2022 | 5,127 | $397.4M | $21.0M | $17.3M |
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-TEACHERS INSURANCE ASSOCIATION | Other Service Provider | $276,954 | — | $276,954 |
| NOVA SOUTHEASTERN UNIVERSITY, INC. | Other Service Provider | $104,687 | — | $104,687 |
| CAPTRUST FINANCIAL PARTNERS LLC | Other Service Provider | $42,054 | — | $42,054 |
| ERNST & YOUNG US, LLP | Other Service Provider | $25,000 | — | $25,000 |
| GUNSTER, YOAKLEY, & STEWART PA | Other Service Provider | $17,060 | — | $17,060 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA-TEACHERS INSURANCE ASSOCIATION — Other Service Provider
- ERNST & YOUNG US, LLP — Other Service Provider
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $465,755
- Estimated Expense Ratio: 0.083% 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 | $456,392 | $76,315 | $233,330 | $25,000 | — |
| 2023 | $439,738 | $65,540 | $192,481 | $25,000 | — |
| 2022 | $676,840 | $413,786 | $149,238 | — | $113,816 |