Plan Snapshot
- Plan Sponsor: University Of Miami
- Sponsor EIN: 590624458
- Sponsor Address: 6200 SAN AMARO DRIVE, CORAL GABLES, FL, 33146
- Plan Type: 403(b)
- Total Participants: 876
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 876 | $1.2B | $17.5M | $0 |
| 2023 | 928 | $1.1B | $18.5M | $0 |
| 2022 | 972 | $1.0B | $18.5M | $0 |
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 INST OPS CO | Recordkeeper | $244,161 | — | $244,161 |
| TIAA | Recordkeeper | $138,903 | — | $138,903 |
| CAP FINANCIAL PARTNERS LLC | Other Service Provider | $135,043 | — | $135,043 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $52,757 | — | $52,757 |
| VALIC | Recordkeeper | $37,100 | — | $37,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST OPS CO — Recordkeeper
- TIAA — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
- VALIC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $607,964
- Estimated Expense Ratio: 0.049% 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 | $469,176 | $318,135 | $142,873 | — | — |
| 2023 | $547,210 | $285,614 | $240,727 | — | — |
| 2022 | $550,274 | $217,331 | $160 | — | — |