Plan Snapshot
- Plan Sponsor: Trustees Of The Univ. Of Penn
- Sponsor EIN: 231352685
- Sponsor Address: 3600 CIVIC CENTER BOULEVARD, PHILADELPHIA, PA, 19104
- Plan Type: 403(b)
- Total Participants: 42,299
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 42,299 | $1.1B | $147.0M | $1.7M |
| 2023 | 39,758 | $888.9M | $134.3M | $1.7M |
| 2022 | 38,179 | $656.4M | $115.6M | $1.8M |
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 INV INSTL OPS | RECORDKEEP / CONTRACT AD | $416,759 | — | $416,759 |
| HORSEY,BUCKNER & HEFFLER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INV INSTL OPS — RECORDKEEP / CONTRACT AD
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $416,759
- Estimated Expense Ratio: 0.038% 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 | $414,755 | — | $1,200 | — | — |
| 2023 | $376,263 | — | — | — | — |
| 2022 | $432,166 | — | — | — | — |