Plan Snapshot
- Plan Sponsor: The Mount Sinai Medical Center
- Sponsor EIN: 131624096
- Sponsor Address: 150E 42ND STREET 5TH FLOOR, NEW YORK, NY, 10017
- Plan Type: 403(b)
- Total Participants: 46,304
- Total Assets: $9.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 46,304 | $9.5B | $144.4M | $284.2M |
| 2023 | 46,850 | $8.5B | $134.3M | $251.4M |
| 2022 | 30,241 | $7.3B | $122.1M | $246.5M |
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 |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS, LLC | NONE | $1,073,495 | — | $1,073,495 |
| TIAA | NONE | $627,095 | — | $627,095 |
| PROSKAUER ROSE LLP | NONE | $91,565 | — | $91,565 |
| WISS AND COMPANY, LLC | NONE | $75,000 | — | $75,000 |
| PRUDENTIAL INS. CO. OF AMERICA | NONE | $54,566 | — | $54,566 |
| TRANSAMERICA RETIREMENT SOLUTIONS | NONE | $8,358 | — | $8,358 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- PROSKAUER ROSE LLP — NONE
- WISS AND COMPANY, LLC — NONE
- PRUDENTIAL INS. CO. OF AMERICA — NONE
- TRANSAMERICA RETIREMENT SOLUTIONS — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,930,079
- Estimated Expense Ratio: 0.020% 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 | $1,931,404 | $1,347,585 | $107,652 | $75,000 | — |
| 2023 | $867,652 | $348,240 | $14,581 | $140,000 | — |
| 2022 | $534,962 | $127,067 | — | — | $31,303 |