Plan Snapshot
- Plan Sponsor: Wake Forest University Baptist Medical Center
- Sponsor EIN: 510190238
- Sponsor Address: MEDICAL CENTER BOULEVARD, WINSTON-SALEM, NC, 27157
- Plan Type: 403(b)
- Total Participants: 21,020
- Total Assets: $3.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 21,020 | $3.6B | $126.2M | $148.3M |
| 2023 | 19,719 | $3.2B | $131.6M | $134.8M |
| 2022 | 18,960 | $2.7B | $101.0M | $124.1M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $1,231,526 | — | $1,231,526 |
| TIAA CREF | RECORD KEEPER | $250,264 | — | $250,264 |
| MORGAN STANLEY | INVESTMENT ADVISOR | $100,000 | — | $100,000 |
| CLIFTONLARSONALLEN | AUDITOR | $17,719 | — | $17,719 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- TIAA CREF — RECORD KEEPER
- MORGAN STANLEY — INVESTMENT ADVISOR
- CLIFTONLARSONALLEN — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,599,509
- Estimated Expense Ratio: 0.044% 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 | $1,595,044 | $50,160 | $295,639 | $17,719 | — |
| 2023 | $1,714,997 | $101,348 | $324,889 | $14,250 | — |
| 2022 | $2,009,331 | $101,323 | $454,127 | — | $19,000 |