Plan Snapshot
- Plan Sponsor: The New York Academy Of Medicine
- Sponsor EIN: 131656674
- Sponsor Address: 1216 FIFTH AVENUE, NEW YORK, NY, 10029
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 440
- Total Assets: $46.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 440 | $46.0M | $0 | $0 |
| 2024 | 59 | $43.6M | $302,003 | $458,424 |
| 2023 | 65 | $41.7M | $300,579 | $520,550 |
| 2022 | 56 | $38.0M | $300,621 | $507,282 |
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 | $25,717 | — | $25,717 |
| PKF O'CONNOR DAVIES, LLP | Other Service Provider | $10,001 | — | $10,001 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,718
- Estimated Expense Ratio: 0.078% 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 | $4,286,049 | — | — | $10,001 | — |
| 2024 | $47,420 | $9,825 | — | $15,520 | — |
| 2023 | $23,633 | $5,950 | — | — | — |
| 2022 | $42,161 | $5,350 | — | — | $8,182 |