Plan Snapshot
- Plan Sponsor: Penn State Health
- Sponsor EIN: 473769205
- Sponsor Address: P.O. BOX 804, HERSHEY, PA, 170330804
- Plan Type: 403(b)
- Total Participants: 19,306
- Total Assets: $532.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 19,306 | $532.5M | $0 | $37.7M |
| 2023 | 18,192 | $444.3M | $0 | $36.5M |
| 2022 | 18,215 | $372.8M | $0 | $33.7M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS LLP | Auditor | $32,393 | — | $32,393 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,393
- Estimated Expense Ratio: 0.006% 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 | $153,292 | $69,053 | $51,846 | $32,393 | — |
| 2023 | $247,605 | $67,820 | — | $22,950 | — |
| 2022 | $90,971 | $42,020 | $17,490 | — | $31,461 |