Plan Snapshot
- Plan Sponsor: Select Medical Corporation
- Sponsor EIN: 232872718
- Sponsor Address: 4714 GETTYSBURG ROAD, MECHANICSBURG, PA, 17055
- Plan Type: 401(k)
- Total Participants: 41,698
- Total Assets: $2.8B
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. |
|---|---|---|---|---|
| 2024 | 41,698 | $2.8B | $27.9M | $197.9M |
| 2023 | 43,419 | $2.5B | $25.8M | $180.0M |
| 2022 | 42,145 | $2.1B | $24.3M | $167.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $1,356,254 | — | $1,356,254 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $864,879 | — | $864,879 |
| HR INVESTMENT CONSULTANTS | CONSULTANT | $56,000 | — | $56,000 |
| BOYER & RITTER | ACCOUNTANT/AUDITOR | $34,000 | — | $34,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,311,133
- Estimated Expense Ratio: 0.081% 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 | $2,266,904 | $864,879 | $10,200 | $34,000 | — |
| 2023 | $2,082,368 | $618,673 | $5,100 | $32,750 | — |
| 2022 | $2,156,233 | $561,848 | — | — | — |