Plan Snapshot
- Plan Sponsor: Sagewell Healthcare Benefits Trust
- Sponsor EIN: 233398131
- Sponsor Address: 1501 REEDSDALE STREET SUITE 3005, PITTSBURGH, PA, 15233
- Plan Type: 401(k)
- Plan Number: 510
- Total Participants: 477,594
- Total Assets: $54.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 477,594 | $54.6M | $0 | $0 |
| 2024 | 445,930 | $50.8M | $336.8M | $0 |
| 2023 | 513,532 | $50.6M | $318.5M | $0 |
| 2022 | 512,200 | $47.3M | $288.5M | $0 |
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 |
|---|---|---|---|---|
| ALLIANT INSURANCE SERVICES INC | Other Service Provider | $1,080,037 | — | $1,080,037 |
| CITIZENS BANK | Other Service Provider | $10,782 | — | $10,782 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,090,819
- Estimated Expense Ratio: 1.996% 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 | $345,594,769 | — | — | — | — |
| 2024 | $1,089,205 | — | — | — | — |
| 2023 | $998,503 | — | — | — | — |
| 2022 | $13,854 | — | — | — | — |