New York › Educational services › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Contributory Defined Benefit Retirement Plan at Rensselaer Polytechnic Institute
Sponsored by Rensselaer Polytechnic Institute C/o Controllers Office, Troy, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Jun 2025, Contributory Defined Benefit Retirement Plan at Rensselaer Polytechnic Institute covered 814 participants and held $215M in net assets. The plan is a defined benefit pension plan sponsored by Rensselaer Polytechnic Institute C/o Controllers Office of Troy, New York.
Net assets came to $264,073 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $86,333 median for defined benefit plans in educational services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $3.3M for the year ($70,213 per active participant) and benefits paid were $38.3M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 9 service provider organisations paid $5,000 or more, with reported compensation of $2.2M: $2,681 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $1.9M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $195M in 2009 to $215M in 2024 (up 10%), and participants from 1,557 to 814 (down 48%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $264,073 | $86,583 | $86,333 | $86,221 |
| Employer contributions per active participant | $70,213 | $10,758 | $9,921 | $10,244 |
| Schedule C compensation per participant | $2,681 | $377 | $339 | $344 |
| Schedule C compensation, share of net assets | 1.0% | 0.48% | 0.37% | 0.42% |
| Administrative expenses per participant | $2,345 | $591 | $462 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), educational services (74) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 814 | $215M | $264,074 | $3.3M | — | $2.2M |
| 2023 | 1,090 | $231M | $212,370 | $2.0M | — | $1.1M |
| 2022 | 1,129 | $234M | $206,849 | $2.0M | — | $1.1M |
| 2021 | 1,172 | $241M | $205,582 | $17.8M | — | $1.1M |
| 2020 | 1,205 | $306M | $253,864 | $15.5M | — | $1.7M |
| 2019 | 1,251 | $252M | $201,412 | $13.5M | — | $1.4M |
| 2018 | 1,307 | $264M | $202,207 | $5.4M | — | $1.3M |
| 2017 | 1,373 | $275M | $200,504 | $13.2M | — | $1.1M |
| 2016 | 1,419 | $273M | $192,500 | $15.3M | — | $784K |
| 2015 | 1,489 | $259M | $174,065 | $4.4M | — | $1.1M |
| 2014 | 1,501 | $277M | $184,235 | $11.5M | — | $980K |
| 2013 | 1,512 | $283M | $187,264 | $10.5M | $155K | $1.2M |
| 2012 | 1,523 | $264M | $173,663 | $25.2M | $170K | $899K |
| 2011 | 1,535 | $239M | $155,735 | $18.9M | $182K | $820K |
| 2010 | 1,546 | $244M | $157,809 | $37.0M | $192K | $880K |
| 2009 | 1,557 | $195M | $125,188 | $12.4M | $202K | $789K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$231,482,979
- Employer contributions$3,300,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,300,000
- Total income, including investment results$23,706,421
- Benefits paid$38,324,853
- Administrative expenses$1,908,877
- Total expenses$40,233,730
- Net income−$16,527,309
- Net transfers$0
- Net assets, end of year$214,955,670
Participants
- Active participants47
- Retired or separated, receiving benefits620
- Retired or separated, entitled to future benefits37
- Total participants, end of year814
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator | $1,251,236 | $0 |
| Actuarial Retirement Services LLC | Actuarial | $296,169 | $0 |
| Aon Investments USA Inc. | Investment management | $223,833 | $0 |
| Ir&m US Intermediate | Investment management | $100,150 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $96,862 | $0 |
| Silchester | Investment management | $87,215 | $0 |
| Citibank, N.A. | Recordkeeping and information management | $53,973 | $0 |
| John W. Bristol & Co., Inc. | Investment management | $42,233 | $0 |
| State Street Research & MGMT Co. | Investment management | $30,818 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$1,244,586
- Investment advisory and management fees$296,884
- Other administrative expenses$271,545
- Other trustee fees and expenses$95,862
- Total administrative expenses$1,908,877
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$174M · 78.7%
- Registered investment companies (mutual funds)$19.1M · 8.6%
- Partnership/joint venture interests$11.4M · 5.1%
- Receivables$7.6M · 3.4%
- Insurance company general account$6.6M · 3.0%
- Cash (interest and non-interest bearing)$2.3M · 1.1%
- Other investments$13K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBonadio & Co., LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 611000: Educational Services (including schools, colleges, & universities).
Other plans of Rensselaer Polytechnic Institute C/o Controllers Office
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|---|---|---|---|---|
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| Local 840 I. B. of T. Pension Fund | Board of Trustees of Local 840 I. B. of T. Pension Fund | 753 | $25.8M | $34,258 |
| Columbia University Retirement Plan - Local 241, Transport Workers Union of America | Trustees of Columbia University C/o Benefits Department | 1,754 | $175M | $99,953 |
| Vassar College Defined Benefit Pension Plan | Vassar College | 633 | $58.5M | $92,436 |
| New York University Staff Pension Plan for Non-Contributory | New York University | 3,989 | $384M | $96,154 |
| Retirement Plan for Building and Maintenance Employees of Columbia University Properties | Trustees of Columbia University C/o Benefits Department | 598 | $45.0M | $75,292 |
Defined benefit plans in educational services closest in size.
Questions and answers
How big is Contributory Defined Benefit Retirement Plan at Rensselaer Polytechnic Institute?
814 participants at the end of the plan year ending 30 Jun 2025, of whom 47 were active employees, with net assets of $214,955,670. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Rensselaer Polytechnic Institute C/o Controllers Office contribute per participant?
The filing reports $3,300,000 in employer contributions for the year, which is $70,213 per active participant; the median for plans of the same type and size was $10,758 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $2,182,489 in compensation to service provider organisations, $2,681 per participant or 1.0% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $1,908,877. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Rensselaer Polytechnic Institute C/o Controllers Office. Recordkeeping or administration: Principal Life Insurance Company and Citibank, N.A.. Investment advisory or management: Aon Investments USA Inc., Ir&m US Intermediate and Silchester. Trustee or custodian: Northern Trust Company. The financial statements were audited by Bonadio & Co., LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 14-1340095, plan 001, received 15 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.