Plan Snapshot
- Plan Sponsor: Penn State Health
- Sponsor EIN: 473769205
- Sponsor Address: P.O. BOX 804, HERSHEY, PA, 170330804
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 22,299
- Total Assets: $3.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 22,299 | $3.4B | $0 | $0 |
| 2024 | 15,720 | $2.9B | $84.7M | $115.1M |
| 2023 | 14,885 | $2.6B | $78.9M | $106.4M |
| 2022 | 16,648 | $2.1B | $72.3M | $100.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INVESTMENT COMPANY | Recordkeeper | $531,643 | — | $531,643 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $409,167 | — | $409,167 |
| FORVIS, LLP | Auditor | $37,217 | — | $37,217 |
| TIAA-CREF | Recordkeeper | $16,484 | — | $16,484 |
| FORT PITT CAPITAL GROUP LLC | Other Service Provider | $7,818 | — | $7,818 |
| LARSON FINANCIAL GROUP LLC | Other Service Provider | $6,378 | — | $6,378 |
| FISHER INVESTMENTS | Other Service Provider | $6,355 | — | $6,355 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,015,062
- Estimated Expense Ratio: 0.030% 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 |
|---|---|---|---|---|---|
| 2025 | $235,227,221 | $409,167 | — | $37,217 | — |
| 2024 | $751,094 | $396,961 | — | $30,818 | — |
| 2023 | $687,330 | $272,661 | — | $28,010 | — |
| 2022 | $676,346 | $288,802 | $348,440 | — | $39,104 |