Plan Snapshot
- Plan Sponsor: Salve Regina University
- Sponsor EIN: 050259080
- Sponsor Address: 100 OCHRE POINT AVENUE, NEWPORT, RI, 028404149
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 983
- Total Assets: $129.1M
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. |
|---|---|---|---|---|
| 2025 | 983 | $129.1M | $0 | $0 |
| 2024 | 516 | $117.5M | $2.4M | $2.2M |
| 2023 | 529 | $111.4M | $2.3M | $2.4M |
| 2022 | 458 | $100.4M | $2.2M | $2.2M |
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 | Other Service Provider | $93,490 | — | $93,490 |
| GLOBAL RETIREMENT PARTNERS, LLC | Other Service Provider | $26,000 | — | $26,000 |
| CBIZ CPAS P.C. | Other Service Provider | $16,000 | — | $16,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,490
- Estimated Expense Ratio: 0.105% 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 |
|---|---|---|---|---|---|
| 2025 | $9,198,463 | $26,000 | $1,113 | $16,000 | — |
| 2024 | $121,069 | $17,625 | $2,887 | $15,500 | — |
| 2023 | $117,951 | $29,375 | $3,267 | $15,000 | — |
| 2022 | $96,131 | $23,500 | $1,223 | — | $9,900 |