Plan Snapshot
- Plan Sponsor: Wakemed
- Sponsor EIN: 566017737
- Sponsor Address: 3000 NEW BERN AVENUE, RALEIGH, NC, 276101215
- Plan Type: DB
- Total Participants: 1,702
- Total Assets: $96.9M
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. |
|---|---|---|---|---|
| 2024 | 1,702 | $96.9M | $0 | $0 |
| 2023 | 1,835 | $93.0M | $0 | $0 |
| 2022 | 1,990 | $87.7M | $0 | $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 |
|---|---|---|---|---|
| PLANTE MORAN, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $992,894 | $126,355 | — | — | — |
| 2023 | $1,284,964 | $227,385 | — | $5,000 | — |
| 2022 | $1,190,314 | $234,957 | — | — | $612,773 |