Plan Snapshot
- Plan Sponsor: Rochester Institute Of Technology
- Sponsor EIN: 160743140
- Sponsor Address: EIGHT LOMB MEMORIAL DRIVE, ROCHESTER, NY, 146235604
- Plan Type: 403(b)
- Total Participants: 4,830
- Total Assets: $1.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 4,830 | $1.5B | $24.9M | $33.4M |
| 2023 | 4,754 | $1.4B | $23.8M | $32.5M |
| 2022 | 4,571 | $1.2B | $22.8M | $30.0M |
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 |
|---|---|---|---|---|
| CAPTRUST | NONE | $322,500 | — | $322,500 |
| FIDELITY INVESTMENTS INSTITUTIONAL | NONE | $161,059 | — | $161,059 |
| INSERO & CO. CPAS, LLP | NONE | $27,125 | — | $27,125 |
| NIXON PEABODY LLP | NONE | $5,220 | — | $5,220 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CAPTRUST — NONE
- FIDELITY INVESTMENTS INSTITUTIONAL — NONE
- INSERO & CO. CPAS, LLP — NONE
- NIXON PEABODY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $515,904
- Estimated Expense Ratio: 0.034% 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 | $517,104 | — | $474,859 | $27,125 | — |
| 2023 | $433,019 | $161,250 | $200,168 | $58,900 | — |
| 2022 | $478,321 | — | $478,321 | — | — |