Plan Snapshot
- Plan Sponsor: Samford University
- Sponsor EIN: 630312914
- Sponsor Address: 800 LAKESHORE DRIVE, BIRMINGHAM, AL, 352290001
- Plan Type: 401(k)
- Total Participants: 1,596
- Total Assets: $127.0M
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 | 1,596 | $127.0M | $6.4M | $5.7M |
| 2023 | 1,431 | $108.0M | $5.9M | $5.4M |
| 2022 | 1,618 | $90.6M | $5.9M | $5.2M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $82,984 | — | $82,984 |
| TIAA | INSURANCE CARRIER | $37,105 | — | $37,105 |
| JOHNSON STERLING, INC. | CONSULTANT | $33,825 | — | $33,825 |
| CROWE LLP | AUDITOR | $29,457 | — | $29,457 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $6,537 | — | $6,537 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- TIAA — INSURANCE CARRIER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $189,908
- Estimated Expense Ratio: 0.149% 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 | $190,399 | $40,362 | $37,105 | $29,457 | — |
| 2023 | $72,807 | $3,138 | $34,931 | $22,925 | — |
| 2022 | $324,369 | — | $28,781 | — | $27,750 |