Plan Snapshot
- Plan Sponsor: Old Dominion University Research Foundation
- Sponsor EIN: 546068198
- Sponsor Address: P.O. BOX 6369, NORFOLK, VA, 235080369
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 871
- Total Assets: $27.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 871 | $27.8M | $697,579 | $559,388 |
| 2023 | 1,136 | $27.4M | $875,504 | $691,053 |
| 2022 | 1,075 | $25.8M | $772,468 | $657,764 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $125,758 | — | $125,758 |
| RESOURCE 1, INC. | Investment Advisor | — | $45,734 | $45,734 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $171,492
- Estimated Expense Ratio: 0.617% 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 | $102,035 | — | $102,035 | — | — |
| 2023 | $95,599 | — | $95,599 | — | — |
| 2022 | $84,560 | — | $84,560 | — | — |