Pennsylvania › Educational services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
The University of Scranton 403(b) Plan
Sponsored by University of Scranton, Scranton, PA
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.
The University of Scranton 403(b) Plan is a 403(b) plan sponsored by University of Scranton of Scranton, Pennsylvania. For the plan year ending 31 May 2025 it reported 1,008 participants, 663 of them active, and net assets of $105M.
Net assets came to $104,420 per participant, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $73,018 median for defined contribution 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.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $79K: $78.36 per participant, close to the same-size median of $82.08. Administrative expenses charged to the plan were $82K. 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 $55.8M in 2009 to $105M in 2024 (up 89%), and participants from 906 to 1,008 (up 11%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $104,420 | $50,295 | $73,018 | $53,102 |
| Employer contributions per active participant | — | $2,045 | $2,838 | $2,175 |
| Schedule C compensation per participant | $78.36 | $82.08 | $95.66 | $123 |
| Schedule C compensation, share of net assets | 0.07% | 0.17% | 0.13% | 0.26% |
| Administrative expenses per participant | $81.72 | $82.20 | $89.26 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), educational services (2,753) and all US plans (63,460). 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 | 1,008 | $105M | $104,421 | — | $3.8M | $79K |
| 2023 | 1,038 | $99.1M | $95,491 | — | $3.9M | $63K |
| 2022 | 1,146 | $87.1M | $76,022 | — | $1.9M | $41K |
| 2021 | 1,071 | $90.3M | $84,307 | — | $1.9M | $37K |
| 2020 | 1,043 | $101M | $96,712 | — | $1.9M | $40K |
| 2019 | 1,085 | $85.1M | $78,412 | — | $1.8M | $39K |
| 2018 | 1,066 | $84.9M | $79,638 | — | $2.0M | $25K |
| 2017 | 1,080 | $87.7M | $81,228 | — | $1.8M | $18K |
| 2016 | 789 | $83.4M | $105,734 | — | $1.8M | $25K |
| 2015 | 1,036 | $76.7M | $74,062 | — | $1.7M | $17K |
| 2014 | 1,019 | $77.0M | $75,584 | $7,000 | $1.7M | $9,000 |
| 2013 | 993 | $73.6M | $74,157 | — | $1.7M | $6,000 |
| 2012 | 977 | $65.7M | $67,232 | $27K | $1.6M | $11K |
| 2011 | 543 | $59.2M | $109,079 | $45K | $1.5M | $8,000 |
| 2010 | 534 | $61.3M | $114,839 | $59K | $1.4M | $8,000 |
| 2009 | 906 | $55.8M | $61,570 | $59K | $1.5M | $9,000 |
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$99,119,635
- Employer contributions—
- Participant contributions$3,831,773
- Rollovers and other contributions$803,457
- Total contributions$4,635,230
- Total income, including investment results$13,325,879
- Benefits paid$7,107,313
- Administrative expenses$82,377
- Total expenses$7,189,690
- Net income$6,136,189
- Net transfers$0
- Net assets, end of year$105,255,824
Participants
- Active participants663
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits341
- Participants with account balances980
- Total participants, end of year1,008
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Capfinancial Partners, LLC | Investment advisory (plan); Investment management | $42,000 | $0 |
| TIAA | Recordkeeping and information management; Consulting (pension); Investment advisory (plan); Investment management; Participant communication | $20,284 | $0 |
| Forvis Mazars, LLP | Accounting (including auditing) | $16,706 | $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
- Investment advisory and management fees$42,000
- Recordkeeping fees$20,284
- IQPA audit fees$16,706
- Legal fees$2,321
- Other administrative expenses$1,066
- Total administrative expenses$82,377
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.
- Registered investment companies (mutual funds)$72.4M · 68.8%
- Insurance company general account$29.8M · 28.3%
- Pooled separate accounts$2.9M · 2.7%
- Participant loans$282K · 0.3%
- Receivables$467 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmForvis Mazars, 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
2GTotal participant-directed account plan2LCode section 403(b)(1) arrangement (annuity contracts)2MCode section 403(b)(7) accounts (custodial accounts for regulated investment company stock)2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension 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 University of Scranton
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ursinus College Defined Contribution Retirement Plan | Ursinus College | 1,014 | $148M | $145,755 |
| Saint Francis University Retirement Plan | Saint Francis University | 990 | $128M | $129,200 |
| Allegheny College Defined Contribution Retirement Plan | Allegheny College | 1,063 | $152M | $142,644 |
| Retirement Plan for Faculty, Administrative and Professional Employees of University of Scranton | University of Scranton | 927 | $154M | $165,903 |
| Elizabethtown College Defined Contribution Retirement Plan | Elizabethtown College | 1,106 | $154M | $139,203 |
| Mercyhurst University Defined Contribution Retirement Plan | Mercyhurst University | 921 | $87.6M | $95,069 |
Defined contribution plans in educational services closest in size.
Questions and answers
How big is The University of Scranton 403(b) Plan?
1,008 participants at the end of the plan year ending 31 May 2025, of whom 663 were active employees, with net assets of $105,255,824. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does University of Scranton contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $78,990 in compensation to service provider organisations, $78.36 per participant or 0.07% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $82,377. 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 University of Scranton. Recordkeeping or administration: TIAA. Investment advisory or management: Capfinancial Partners, LLC and TIAA. The financial statements were audited by Forvis Mazars, 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 5 Mar 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 24-0795495, plan 003, received 5 Mar 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.