Plan Snapshot
- Plan Sponsor: University Of Miami
- Sponsor EIN: 590624458
- Sponsor Address: 6200 SAN AMARO DRIVE, SUITE 200.01, CORAL GABLES, FL, 33146
- Plan Type: 403(b)
- Total Participants: 8,258
- Total Assets: $128.1M
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 | 8,258 | $128.1M | $22.5M | $22.2M |
| 2023 | 5,930 | $66.5M | $11.7M | $14.9M |
| 2022 | 4,394 | $29.5M | $5.6M | $9.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INST OP CO LLC | RECORDKEEPER | $139,549 | — | $139,549 |
| STRATEGIC ADVISORS, INC. | NONE | $33,527 | — | $33,527 |
| KPMG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST OP CO LLC — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — NONE
- KPMG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $173,076
- Estimated Expense Ratio: 0.135% 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 | $172,857 | $33,527 | $5 | — | — |
| 2023 | $75,866 | $18,781 | $2 | — | — |
| 2022 | $33,750 | $8,830 | — | — | — |