Florida › Educational services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Retirement Plan for Employees of the Univ of Miami
Sponsored by University of Miami, Coral Gables, FL
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.
Retirement Plan for Employees of the Univ of Miami is a cash balance pension plan sponsored by University of Miami of Coral Gables, Florida. For the plan year ending 31 May 2025 it reported 5,141 participants, 1,788 of them active, and net assets of $557M.
Net assets came to $108,277 per participant, above the $87,623 median for defined benefit plans with 5,000 to 24,999 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 $10.0M for the year ($5,593 per active participant) and benefits paid were $50.0M. 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 10 service provider organisations paid $5,000 or more, with reported compensation of $2.4M: $467 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $5.7M. 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 $459M in 2009 to $557M in 2024 (up 21%), and participants from 14,546 to 5,141 (down 65%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $108,277 | $87,623 | $86,333 | $86,221 |
| Employer contributions per active participant | $5,593 | $9,468 | $9,921 | $10,244 |
| Schedule C compensation per participant | $467 | $232 | $339 | $344 |
| Schedule C compensation, share of net assets | 0.43% | 0.30% | 0.37% | 0.42% |
| Administrative expenses per participant | $1,103 | $396 | $462 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 5,141 | $557M | $108,277 | $10.0M | — | $2.4M |
| 2023 | 5,332 | $568M | $106,618 | $15.0M | — | $2.5M |
| 2022 | 5,454 | $568M | $104,169 | $15.0M | — | $2.6M |
| 2021 | 5,653 | $628M | $111,119 | $14.4M | — | $3.7M |
| 2020 | 8,535 | $877M | $102,782 | $14.4M | — | $3.4M |
| 2019 | 9,062 | $873M | $96,332 | $12.6M | — | $3.0M |
| 2018 | 9,436 | $791M | $83,808 | $12.6M | — | $3.7M |
| 2017 | 9,977 | $800M | $80,212 | $0 | — | $3.6M |
| 2016 | 10,826 | $818M | $75,540 | $40.0M | — | $2.6M |
| 2015 | 11,107 | $747M | $67,288 | $50.0M | — | $2.1M |
| 2014 | 11,444 | $768M | $67,072 | $99.0M | — | $2.3M |
| 2013 | 12,464 | $721M | $57,835 | $61.2M | — | $2.8M |
| 2012 | 14,407 | $663M | $46,039 | $72.8M | — | $2.0M |
| 2011 | 14,347 | $557M | $38,793 | $52.4M | — | $1.8M |
| 2010 | 14,517 | $546M | $37,630 | $40.3M | — | $2.2M |
| 2009 | 14,546 | $459M | $31,540 | $28.7M | — | $2.7M |
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$568,485,604
- Employer contributions$10,000,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$10,000,000
- Total income, including investment results$43,803,232
- Benefits paid$49,968,772
- Administrative expenses$5,670,523
- Total expenses$55,639,295
- Net income−$11,836,063
- Net transfers$0
- Net assets, end of year$556,649,541
Participants
- Active participants1,788
- Retired or separated, receiving benefits953
- Retired or separated, entitled to future benefits2,220
- Total participants, end of year5,141
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Willis Towers Watson US LLC | Actuarial | $900,463 | $0 |
| Arrowstreet Capital Ltd. Partnership | Investment management | $448,488 | $0 |
| Pacific Investment Management Co. | Investment management | $183,891 | $0 |
| Northern Trust | Trustee (directed); Investment management; Other services | $182,774 | $0 |
| Logan Circle Partners, L.P. | Investment management; Securities brokerage | $167,486 | $0 |
| Nepc | Investment advisory (plan) | $164,222 | $0 |
| Parametric Portfolio Associates,llc | Investment management | $157,361 | $0 |
| Wellington Trust Company | Investment advisory (plan) | $129,765 | $0 |
| KPMG, LLP | Accounting (including auditing) | $54,120 | $0 |
| PWC US Tax LLP | Accounting (including auditing) | $12,915 | $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
- Other administrative expenses$3,208,177
- Actuarial fees$900,463
- Investment advisory and management fees$744,657
- Recordkeeping fees$599,453
- Trustee and custodial fees$182,773
- IQPA audit fees$35,000
- Total administrative expenses$5,670,523
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.
- U.S. Government securities$168M · 29.6%
- Common/collective trusts$120M · 21.1%
- Registered investment companies (mutual funds)$88.0M · 15.5%
- Partnership/joint venture interests$66.7M · 11.8%
- Corporate debt instruments$61.0M · 10.8%
- 103-12 investment entities$32.0M · 5.6%
- Other investments$19.6M · 3.5%
- Receivables$12.3M · 2.2%
- Pooled separate accounts$5,488 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmKPMG LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- 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 related1CCash balance or similar plan1IFrozen 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 Miami
| Plan | Participants | Net assets |
|---|---|---|
| University of Miami Retirement Savings Plan | 19,738 | $2.07B |
| Retirement Savings Plan III | 10,027 | $128M |
| University of Miami Supplemental Retirement Annuity Program | 3,708 | $810M |
| Defined Contribution Retirement Plan for Faculty of the University of Miami | 2,379 | $1.24B |
| University of Miami Retirement Savings Plan II | 2,286 | $195M |
Questions and answers
How big is Retirement Plan for Employees of the Univ of Miami?
5,141 participants at the end of the plan year ending 31 May 2025, of whom 1,788 were active employees, with net assets of $556,649,541. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does University of Miami contribute per participant?
The filing reports $10,000,000 in employer contributions for the year, which is $5,593 per active participant; the median for plans of the same type and size was $9,468 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 $2,401,485 in compensation to service provider organisations, $467 per participant or 0.43% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $5,670,523. 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 Miami. Investment advisory or management: Arrowstreet Capital Ltd. Partnership, Pacific Investment Management Co. and Northern Trust. Trustee or custodian: Northern Trust. The financial statements were audited by KPMG 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. 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 14 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 59-0624458, plan 001, received 14 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.