Plan Snapshot
- Plan Sponsor: University Of Miami
- Sponsor EIN: 590624458
- Sponsor Address: P.O. BOX 248106, CORAL GABLES, FL, 331242902
- Plan Type: DB
- Plan Number: 001
- Total Participants: 1,788
- Total Assets: $567.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 1,788 | $567.4M | $10.0M | $0 |
| 2023 | 1,919 | $578.3M | $15.0M | $0 |
| 2022 | 2,051 | $584.4M | $15.0M | $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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $900,463 | — | $900,463 |
| UNIVERSITY OF MIAMI | Other Service Provider | $599,453 | — | $599,453 |
| ARROWSTREET CAPITAL LTD PARTNERSHIP | Other Service Provider | $448,488 | — | $448,488 |
| PACIFIC INVESTMENT MANAGEMENT CO | Other Service Provider | $183,891 | — | $183,891 |
| NORTHERN TRUST | Custodian / Trustee | $182,774 | — | $182,774 |
| LOGAN CIRCLE PARTNERS, L.P. | Other Service Provider | $167,486 | — | $167,486 |
| NEPC | Recordkeeper | $164,222 | — | $164,222 |
| PARAMETRIC PORTFOLIO ASSOCIATES,LLC | Other Service Provider | $157,361 | — | $157,361 |
| WELLINGTON TRUST COMPANY | Other Service Provider | $129,765 | — | $129,765 |
| KPMG, LLP | Auditor | $54,120 | — | $54,120 |
| PWC US TAX LLP | Other Service Provider | $12,915 | — | $12,915 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- NEPC — Recordkeeper
- KPMG, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,000,938
- Estimated Expense Ratio: 0.529% 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 | $5,670,523 | $744,657 | — | $35,000 | — |
| 2023 | $6,791,576 | $953,471 | — | $33,600 | — |
| 2022 | $4,835,021 | $1,083,262 | — | — | $1,321,267 |