Plan Snapshot
- Plan Sponsor: Wakemed
- Sponsor EIN: 566017737
- Sponsor Address: 3000 NEW BERN AVENUE, RALEIGH, NC, 27610
- Plan Type: 401(k)
- Total Participants: 12,421
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 12,421 | $1.4B | $39.9M | $65.1M |
| 2023 | 11,105 | $1.2B | $42.0M | $56.0M |
| 2022 | 11,758 | $1.1B | $39.8M | $51.0M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC | ADVISOR | $840,167 | — | $840,167 |
| FIDELITY INVESTMENTS INST OP | RECORDKEEPER | $505,861 | — | $505,861 |
| PLANTE MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC — ADVISOR
- FIDELITY INVESTMENTS INST OP — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,346,028
- Estimated Expense Ratio: 0.093% 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 | $1,345,884 | $840,023 | -$300 | — | — |
| 2023 | $565,448 | $86,904 | $1,200 | — | — |
| 2022 | $974,904 | — | $973,509 | — | — |