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: 12,347
- Total Assets: $2.1B
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 | 12,347 | $2.1B | $103.8M | $80.0M |
| 2023 | 12,711 | $1.7B | $96.0M | $74.7M |
| 2022 | 12,683 | $1.4B | $84.0M | $67.9M |
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 IN | RECORDKEEPER | $723,076 | — | $723,076 |
| STRATEGIC ADVISORS, INC | NONE | $561,620 | — | $561,620 |
| FIDELITY MANAGEMENT TRUST COMPANY | RECORDKEEPER | $20,688 | — | $20,688 |
| VARIABLE ANNUITY LIFE INSURANCE COM | RECORDKEEPER | $17,026 | — | $17,026 |
| TIAA | RECORDKEEPER | $6,270 | — | $6,270 |
| KPMG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST OPS CO IN — RECORDKEEPER
- STRATEGIC ADVISORS, INC — NONE
- VARIABLE ANNUITY LIFE INSURANCE COM — RECORDKEEPER
- TIAA — RECORDKEEPER
- KPMG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,328,680
- Estimated Expense Ratio: 0.064% 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 | $1,320,431 | $745,935 | $53,214 | — | — |
| 2023 | $2,002,928 | $737,668 | $26,002 | — | — |
| 2022 | $1,168,155 | $595,123 | $16,114 | — | — |